Bitcoin (BTC), Ethereum (ETH), and XRP Have Been Accepted for $5.5 Million Events Location


According to reports, the seller of a Canadian (Carbonear) located $5.5 million property will accept payment in any of 28 fiat currencies or at least in three digital currencies. The cryptos welcomed for the payment of the Stone Jug property are the three that make up the top list of digital assets by market cap Bitcoin (BTC), Ethereum (ETH), and XRP.

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From its seven-figure price, the Stone Jug is actually a luxurious property. The property has three floors and has hosted performances by Newfoundland and traditional Irish musicians, as well as other local entertainers in recent years.

Is it Possible That the Stone Jug is the First Property Bought with XRP Tokens?

According to an ad on property the listing platform Propy, the Stone Jug is up for sale for a whopping $5.5 million payable in digital assets. The grandiose nineteenth-century mansion can be exchanged for either BTC, ETH, or XRP. The current owner of the property is Bruce Branan. He is reportedly also going to accept payment in 28 fiat currencies including the Canadian dollar, USD, Euro, Czech koruna, Philippine peso, and Thai Baht.

The property is constructed with intricately carved one-metre thick stone walls. Each floor is fully furnished with reclaimed wood from China. Branan has spent over $5 million in renovation costs for the property under his ownership.

Fully Equipped Property

The ground floor of the Stone Jug property seats over 75 guests. This area is fully equipped with “an 85-foot bar and open concept kitchen.” Currently, this area serves visitors a rustic menu that includes wild game. The bar has a broad selection of liquor to offer. As for the second floor of the Stone Jug, a further 85 guests can be accommodated there. The highest floor of the Stone Jug is a conference room and theatre that can host over 110 guests.

Previous events that have been held in the property include weddings, theatrical and musical performances as well as conferences. The individuals responsible for the makeup of the eclectic bill of acts gracing the floors of the luxury property strongly appreciate Irish folk music.

Not the First Time a Real Estate Seller Accepts Crypto

Although the ad of the Stone Jug may be the first example of an actual property offered in exchange for the XRP token that we know of, it is definitely not the first time that a real-estate seller has opted to accept payment in cryptocurrency.

All types of properties have been in the market in recent years, with several incredibly extravagant while some not so luxurious. Previously media outlet NewsBTC has reported on the Russian luxury developer’s property located in the Moscow suburbs. The property developer Kalinka Group wanted $8 million for the open-air Jacuzzi, and a snow room equipped mansion. In September of 2017, the asking price for that property was about 2,000 BTC.

Right at the other side is the terraced house located in Grimsby, UK. This is a much more modest offering, the owner Sean Atkinson wanted 18 BTC in October of 2017 for the two bedroom property. At the time of the report, the freelance yoga expert who owned the property stated that he believed Bitcoin (BTC) would appreciate eventually (backing his decision to accept payment in BTC for the sale of the property).

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.


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