Economics

Canadian House the First on Sale for Bitcoins

5,362 Bitcoins could fetch you a bungalow in Alberta

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A Canadian man is selling his house in exchange for Bitcoins – the world's alternative decentralized digital currency that is gaining popularity with more and more people, trying to keep their deposits safe as they lose trust in real currency.

Twenty-two-year-old Taylor More is the first to list his two-bedroom bungalow in Alberta on the website For Sale By Owner in exchange for the hard-to-trace digital Bitcoins - 5,362 of them (US$395,000).