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RE: First Real Estate Transaction Made Using Bitcoin in Texas

in #bitcoin8 years ago

Just curiosus how exactly would the logistics work in this case? Suppose the house cost $100,000 did the buyer purchase $100k on Coinbase/GDAK and then send it to a private wallet? (Is that even possible given Coinbase daily limit?) If that was the case then the buyer would have had to convert it.

Great article and exciting the see it being popularized!

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I'm not sure, but I think the buyer had bought them previously and transferred them to the seller/realtor who immediately changed it into USD.