Designer and entrepreneur Michelle Monet and her billionaire boyfriend, Doug Barrowman, recently sold 50 apartment projects in Dubai for bitcoin.
“We put up for sale 50 of the 1,300 apartments for bitcoin. We sold out everything instantly, some bought one or two apartments, others 10 at once. One-room apartments cost $130,000 or 16 bitcoins, two-room apartments cost $380,000 or 47 bitcoins. We continue to receive requests, but we are not selling anymore,” says Michel.
This is the first real estate development carried out with cryptocurrency. Those purchasing apartment designs can also take advantage of Michelle's interior design services, which can also be paid for in cryptocurrency.
According to Michelle, the majority of bitcoin buyers are young, newly rich cryptocurrency investors. “We have established relationships with them, they are friendly and answer calls. These are not some shady characters,” says Michelle.
In fact, the construction company the Knox Group does not actually receive payments in virtual currency. The entrepreneurs agreed with the exchange BitStamp to immediately convert the funds received into US dollars.
Not only are Michelle and Doug selling real estate in Dubai for cryptocurrency, they are also launching their own cryptocurrency investment platform Equi.
The duo hopes to raise $75 million through an ICO that will sell Equi tokens based on Ethereum. “Essentially, the Equi token gives people access to our platform, the opportunity to consider the investments we offer and effectively invest Equi tokens in real estate projects,” Doug told Business Insider.
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According to http://bitcoinist.com
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