"As far as we know there's nothing that comes close to this," says BitPremier CEO Alan Silbert after an unidentified Texas buyer used bitcoin to pay more than $500K for a luxury villa in Bali in what may be bitcoin's largest transaction to date.
Using bitcoin rather than multiple bank transfers allowed for a near instantaneous transaction with a cost of less than $10, says David Moskowitz, a director at Coin Republic.
More property purchases ahead? Among BitPremier listings are a Paris property at around 20K bitcoins or €8.5M, and a 7-BR villa in Israel for about 5K bitcoins or $3M.
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