Bitcoins Big in China
Realtor now accepting them to keep that housing bubble going
China's got the bitcoin bug. A real estate developer in Shanghai just announced that it's now accepting bitcoins for one of its mid-range flats in a posh Shanghai suburb.
That's after a unit of Baidu, China's leading search engine, announced it would accept bitcoins in mid-October.
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China is so overbuilt in some areas that they would take monopoly money for some units.