You can buy a villa in Switzerland or a super-car in Dubai with Bitcoin. Now you can also buy a property in Northern Ireland.
One of Northern Ireland’s largest property developers will be accepting Bitcoin for payments, as reported by the Belfast Telegraph on February 22nd.
“Our acceptance of this new channel reflects our willingness to respond to the market.”
Explained James Hagan, Hagan Homes’ managing director. He also added that there is a:
“significant growth in the use of Bitcoin worldwide:”
The challenges in accepting BTC as payment method, are understood by Hagan. Especially the current volatility of the coin, with its price going from $20k to below $7000 within few weeks.
“Of course, there are some risks to using Bitcoin for payment due to the cryptocurrency’s volatility, but buyers and sellers are finding creative ways to deal with these challenges […] By incorporating the learning from our peers into our approach we can embrace this innovation.”
We are hoping that we’ll see more and more companies jumping onto the Bitcoin train, despite those drawbacks.