$1.75M or 174 bitcoins? Choice is Yours for Delaware Estate - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

$1.75M or 174 bitcoins? Choice is Yours for Delaware Estate

Posted: Jan 25, 2018 3:09 PM Updated:

NEWARK, Del. (AP)- A sprawling Delaware estate could be yours for just 174 units of currency.

An agent with Brandywine Fine Properties Sotheby's International Realty, Michael A. Kelczewski, is offering the chance to purchase the 4.2-acre (1.7-hectare) property with bitcoin, the international cryptocurrency that enables peer-to-peer transactions without a middleman.

The Newark home is the first in Delaware to accept bitcoin as payment. Kelczewski hopes the option will attract international buyers, as it's challenging to find luxury bidders in the area.

The home is listed at $1.75 million. A single bitcoin's value in U.S. dollars has ranged wildly recently, but at this week's value, the house would cost 174 bitcoins.

Kelczewski says an attorney would handle the bitcoin transaction, which would essentially translate to an all-cash deal.

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