New $5.5 Million Canadian Real Estate Event Property ‘Stone Jug’ Accepts BTC, ETH and XRP Payments
In a piece of highly welcome news for the crypto industry as a whole, a property estimated to be worth $5.5 million located in Carbonear, Canada, can be bought by interested parties using cryptocurrencies such as Bitcoin, Ether, and XRP.
The property is called ‘Stone Jug’ and it carries with it a hefty seven-figure price tag. It spans three floors and comes with area spaces that are ideal for hosting concerts as well as other art performances.
A Closer Look at the Matter
According to an all-new advertisement released on real-estate website property, the aforementioned property is up for sale for a non-negotiable sum of $5.5 million. As mentioned earlier, Bruce Branan, the owner of the building is accepting payments via 28 different fiat currencies (such as USD, EUR, Piso, Thai Baht, Koruna) as well as 3 unique cryptocoins.
Other key aspects of the property worth considering:
- The Stone Jug complex is surrounded by a one-meter thick stone wall that contains a wide array of intricate carvings and designs.
- All of the floors make use of reclaimed wood-based furniture that has been brought in from China and other Asian countries.
- Till date, Mr. Branan (the current owner) has spent around $5 Million on restoring the building.
- The property’s ground floor has seating arrangements that can house up to 75 guests. Not only that, the kitchen section also comes with a staggering 85-foot bar.
- The second floor too has a floor design that can host nearly 90 guests at any given time, while the top floor comes designed with a theatre and conference room (that can house a total of 110 guests).
Sunday Jam Session at the Stone Jug pic.twitter.com/rOUB6aBqoD
— Stone Jug Historical Restaurant & Theater (@stonejug1860) February 5, 2019
Other key Information Worth Considering
While Stone Jug is available for purchase through a wide array of digital currency offerings, this is not the first time such a prime piece of real estate has been put up for sale in exchange for different alt-assets.
For example, earlier last year, BitcoinExchangeGuide reported that a massive Russian mansion located on the outskirts of Moscow was reportedly sold for a whopping price of around 2,000 BTC.
If that wasn't enough, in 2017, a terraced house in Grimsby, UK was offered to potential buyers for a modest sum of 18 BTC.
Despite the crypto market at large struggling for the past year or so, it is quite obvious that currencies like Bitcoin, Ethereum and XRP are here to stay for good. It now remains to be seen how the future of the industry plays out from here on out.