Ian Fitzpatrick, current owner of the extravagant property, will only accept Bitcoin as payment. So it does make possible a historic purchase for an adventurous would-be buyer. Such a transaction would likely garner widespread media coverage - and public adulation. The mansion is listed on CryptoHomes.io, a site that catalogues real estate opportunities that buyers can acquire with digital tokens. According to CryptoHomes website, the firm has partnered with KnowMeNow, a know-your-customer (KYC) solution, to help facilitate a Bitcoin only purchase of the mansion. Blockchain Island In The Mediterranean Earlier this year, the world's largest crypto exchange, Binance, set up operations in Malta in the hopes that "Blockchain Island" can offer a much friendlier business environment amidst regulatory uncertainty — and in some cases, a crackdown of cryptos — in other parts of the world. On a date that marks America's independence from colonial rule, the Maltese Parliament passed three bills into law on July 4, 2018. The new legislation establishes a regulatory framework for blockchain, cryptocurrency and distributed ledger technology (DLT). Malta is the first country in the world to provide a regulatory framework for industry operators, according to Forbes. "I think that blockchain technology, DLT and cryptocurrency is where innovation is happening right now and we are very glad that Malta can offer the first jurisdiction in the world to regulate this sector," said Prime Minister Joseph Muscat in a July 5 Forbes interview. "We are excited about what this will lead to in the future." Luxury Car Purchase For 50 BTC Halfway across the world in Texas you can now buy a Rolls-Royce with 50 Bitcoins. (That amounts to $320,000 at $6,400 BTC prices.) Post Oak Motors, a Houston-area dealership owned by Houston Rockets owner Tilman Fertitta, announced it will accept Bitcoin and Bitcoin Cash through crypto payment processor BitPay. "The rising of bitcoin sparked my interest," the billionaire told TheStreet. "Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world to purchase our vehicles faster and easier." Tilman Fertitta is the sole owner of Landry's, one of the largest restaurant companies in the U.S. The 61-year-old has an estimated net worth of $4.4 billion as of March 2018. Articles by Marvin Dumont: Cyber Criminals Are Finding Ways To Steal Your Cryptos Bitcoin Insider Trading? $74M Short-Sell Is Suspicious: Expert Cryptos To Reach $3.6 Trillion In 10 Years, Bitcoin At $143,000 Starbucks, Microsoft Back Bitcoin ETF And Stakes Are Huge Disclaimer: The views expressed in this article belong solely to the author. Information contained herein should not be construed as investment advice.
Maltese Mansion goes on sale for BTC in advance of Malta conference.https://t.co/8uzPtHTRfu— John McAfee (@officialmcafee) September 4, 2018