Will You Be Buying Your Next House With Bitcoins?

If you’re not ready to throw down cash for that new house, maybe you can dig deep for some … bitcoins?

BitcoinFor the second time last week, a seller promised to accept the virtual currency as valid payment for a new home, according to The Wall Street Journal.

One seller in the Hamptons is asking nearly $800,000 — or that value in bitcoins — for a four-bedroom, ranch-style home first listed in October. Earlier this week, a former casino owner said he’d be willing to accept bitcoins for his $7.85 million Las Vegas home.

Bitcoin is a digital currency introduced in 2009 that is not backed by a central bank or government.  The currency can be traded online through unregulated Internet exchanges.

Since a bank isn’t involved, using bitcoins can have fewer fees than traditional transactions.

But bitcoin prices fluctuate daily, and likely would be determined by the average exchange…

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