Australian Real Estate Group Prepares to Hold Luxury Home Auction for Bitcoin

• An Australian real estate giant is the first in the country to let people bid and settle with Bitcoin.
• It will be the first one to allow for Bitcoin to enter into the realm of property auctioning in Australia.
• This brings cryptocurrencies into yet another aspect of commercial life.
• The property owner says he wants to hold as many cryptocurrencies as possible.

One of the largest real estate companies in Australia, LJ Hooker, is getting ready for a live luxury real estate auction for Bitcoin (BTC) and Binance Coin (BNB) with a live auctioneer.

According to Micky Media, which covered the story on March 18, the group is collaborating with Blockchain Company NuYen and James Pratt Auctions to facilitate online bidding for the five-bedroom house in New South Wales, Australia. The report reads in part:

“The auctioneer will call bids in cryptocurrency, with the price to be converted and displayed in AUD and USD on a live screen. Payments can be made in both bitcoin (BTC) and Binance coin (BNB).”

AUD will be accepted as well

Greg Costello, the head of Nuyen who is also the owner of the property in question, said that apart from Bitcoin and Binance Coin (BnB), Australian Dollar will also be accepted.

The upcoming live auction has attracted interested buyers from China, Canada, Australia, and the U.S., according to the publication.

About LJ Hooker

LJ Hooker was founded in 1928. The real estate group is one of the best-known and most trusted real estate brands in the world. With offices in China, New Zealand, Indonesia, Vanuatu, Papua New Guinea and, of course, Australia, the company manages one of the largest property portfolios in the region of around 160,000 properties worth 71 billion United States Dollars (USD).

The auction will be carried out on the 8th of April. And according to the publication, Costello, who is a crypto proponent, intends to keep as many BTC and BNB coins as he can.

source: https://coindoo.com/australian-real-estate-group-prepares-to-hold-luxury-home-auction-for-bitcoin/

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