BNB and BTC to be accepted in an auction of luxury property in Australia

[Unblock_news]

Binance coin (BNB) and Bitcoin (BTC) will be accepted as payment in an auction of luxury property located at 1 Beech Lane, Casuanna, New South Wales (NSW), Australia on 18 April 2019.


Full news article here: https://www.unblock.news/news/bnb-btc-luxury-property-australia

[avikz]

I don't know why, but such kind of news don't really excite me as a bitcoiner because these are all marketing gimmick and doesn't really help in real life adoption! I had earlier mentioned as well, Toyota accepting bitcoin is a better news than Rolls Royce accepting it! In today's scenario, we are missing the mass adoption of bitcoin big time and mass adoption is the one key factor that will make a lot of people happy those who are associated with bitcoin since a long time now. So, accepting bitcoin in a luxury property auction is not helping bitcoin in any way! Rather, it will be great if Australia's property search website (property. com. au) starts accepting bitcoin to complete any real estate transactions.

[Leonardo7]

This will not have any significant impact on the market. What is really needed now is a good enabling framework defined by the government to allow bigger institutions to pump in money. This BNB might spark a huge growth with the constant development of Binance and international partners. I wish other exchanges could also give a good challenge.

[Jating]

I'm not surprised by the news since Australia is the second country behind Japan to adopt bitcoin. What really surprises me though is the inclusion of BNB, although this is token is back by the largest exchange right now, but still it is prone to market manipulation (pump-and-dump).

Anyways, we should take any positive news that comes along, and we do hope some someone will take advantage of this property to be paid in BTC or BNB as the price is still cheap at the moment. This could be a marketing gimmick, but at least we are heading to the right direction.

[dothebeats]

It seems that some people are already planning their moves on entering the market. Auctioning up a property in exchange of bitcoins is the best option given that they'll have the advantage now while the prices of bitcoin is relatively low and just wait for another bull run and sell the profits. While this is a great news for adoption, I don't think that many other good things will branch out from this auction of luxurious properties. For sure, the property would be bought in cash rather than bitcoin or BNB given that the market are already showing signs of activity lately.

[Red-Apple]

lol really?
it must be also a coincidence that BNB has been getting pumped lately and hard. and now that it is nearing the end of that pump people are starting to come up with these types of crazy stories about it
seems like someone has bought his coins in a bubble...

[mrdeposit]

Binance coin (BNB) and Bitcoin (BTC) will be accepted as payment in an auction of luxury property located at 1 Beech Lane, Casuanna, New South Wales (NSW), Australia on 18 April 2019.


Full news article here: https://www.unblock.news/news/bnb-btc-luxury-property-australia

Nothing special here, just regular seller want to add more options in the payment methods. I doubt this news will have any effect on current market situations. I got the logic behind accepting BITCOIN but why BNB is accepted too?

[kucritt]

BNB is the good coin i think, we can see that the price of BNB increasing time by time, Binance is the one of many big exchanger has success to develop BNB, they will create their own chain, and i think BNB can be the rival for bitcoin in the future

[BitBustah]

We have to face the facts, bitcoin is rarely accepted for real estate and that isn't likely to change in the near future. Major transactions are done in dollars and dealing with bitcoin will leave the seller and buyer with more fees and with the volatility factor thrown in there its not worth using for properties.  This will change in the future once its more widely accepted.

[superstarbtc]

Bnb is going to most popular cryptocurrency in public acceptance and merchant and high profile business this year is the starting for mass acceptance

[xWolfx]

We have to face the facts, bitcoin is rarely accepted for real estate and that isn't likely to change in the near future. Major transactions are done in dollars and dealing with bitcoin will leave the seller and buyer with more fees and with the volatility factor thrown in there its not worth using for properties.  This will change in the future once its more widely accepted.

Of course. But someone needs to take the first step.

When Bitcoin's acceptance and stability is acceptable enough a lot of people will adopt and it will be easy but the steps we give this next years will decide our future.

I agree that for now it's not a really good idea unless the seller wants to hold or will transform to fiat right away.

[ASHLIUSZ]

The acceptance of bitcoin into the real estate business isn't a big thing, because already several deals have happened with bitcoin as the currency. It shows the increasing acceptance level of bitcoin as a currency. BNB added to the list seems to be a way of marketing from the Binance community. Because such a level of acceptance will increase the value among most other top coins.

[rdbase]

Wouldnt know why binance coin would be excepted by this auction house over other altcoins as a form of payment.
Maybe they have a deal with binance or something to accept them over say ethereum or litecoin.

[kaya11]

Nothing special here, just regular seller want to add more options in the payment methods. I doubt this news will have any effect on current market situations. I got the logic behind accepting BITCOIN but why BNB is accepted too?

If you make friends with the rich and the famous then you should be able to get an attention out there and most probably that is why BNB is sticking it's ass on Bitcoin's slowly but surely great's mass adoption in the future. Just a hunch though.

[tomahawk9]

Yeah, I'm gonna have to agree with the others, this looks like nothing but a marketing campaign for BNB. The fact that the CEO of Binance even tweeted about it says it all. I think they included BTC just to make it look a bit more "legit" to the average crypto enthusiast and newcomers. I wouldn't be surprised if more news related to binance coin keep poping up in the upcoming weeks, seems like they're doing everything they can to keep creating more hype around the coin and continue the uptrend.

[Bonsaiav]

Although it does not have a significant impact on the development of the price of bitcoin, but this news has a positive effect especially in the payment transaction scheme, with the existence of an example of such payments meaning it's clear that bitcoin has been widely accepted, as the second payment (parallel) option after fiat money. There's a possibility the above method will be followed by other auction organizers, and the increase in people who adopt bitcoin will likely occur.

The BNB's a coin that has high value and has gained a lot of popularity instantly, so it's no wonder if the BNB price keeps on racing than the other coins. So it's natural if finally juxtaposed with bitcoin as payment in the auction event.

[Gaff]

The acceptance of bitcoin into the real estate business isn't a big thing, because already several deals have happened with bitcoin as the currency. It shows the increasing acceptance level of bitcoin as a currency. BNB added to the list seems to be a way of marketing from the Binance community. Because such a level of acceptance will increase the value among most other top coins.

If this kind of trading between physical and digital matter on currency, probably it could boost up the adoptions in the near future. Hopefully we'll be able to sustain until such time more people will be more educated because of bitcoin. Not just with property buying but also for other physical products like basic commodities, like in department stores and other local good in every country. Let's not have limitations on expending bitcoin and other crypto alts like bnb. We should exercise the freedom of cryptocurrency.

[takngantuk]

good news, in the near future there may be many people who buy bnb / btc and by April there will be a pump to increase the price of these two coins. this will greatly benefit the whales who will participate in the auction.

[ololajulo]

BNB is having the best of its ride and the exchange is making remarkable development for larger adoption and high trade volume, the price reflects such success. Its just too early and might be careless for any business to adopt BNB for exchange and purchase when bitcoin is there. Exchanges with good ride should be given enough time to prove itself, at least 5 years.

[jojohamasa]

I don't know why, but such kind of news don't really excite me as a bitcoiner because these are all marketing gimmick and doesn't really help in real life adoption! I had earlier mentioned as well, Toyota accepting bitcoin is a better news than Rolls Royce accepting it! In today's scenario, we are missing the mass adoption of bitcoin big time and mass adoption is the one key factor that will make a lot of people happy those who are associated with bitcoin since a long time now. So, accepting bitcoin in a luxury property auction is not helping bitcoin in any way! Rather, it will be great if Australia's property search website (property. com. au) starts accepting bitcoin to complete any real estate transactions.

It's not a really strong indicator
But it is an open door to enter the BTC as soon as it is ready
I think this news is much better than another news at the same auction says
(BTC prohibition as a means of payment at auction).