MerchantCoin.net Facilitates First Real Estate Transaction Using Crypto-currency in the State of Washington

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MerchantCoin today signed real estate deal with Danny Johnson, online poker champion and co-founder of Pinkcoin, to sell the Johnson family home on Orcas Island, WA for altcoins.

... consumers will become more comfortable using digital currencies as everyday transactions like buying or selling a home become more prevalent.

MerchantCoin.net has agreed to facilitate the sale of the Johnson home, valued at approximately $1 million and representing one of the largest real estate transactions using bitcoin, and the largest using altcoins.

Zachary Lark, Director of MerchantCoin stated, “As a facilitator of crypto-currency transactions, we are happy to see altcoins become more mainstream. We believe consumers will become more comfortable using digital currencies as everyday transactions like buying or selling a home become more prevalent.”

The 3600 square foot Orcas home plus two guesthouses is situated on six acres of private land with access to Spring Point’s own beach. “Orcas Island is home-away-from home for many Seattle area residents, but also a haven for people from abroad,” said Matt Bohner of Jones Lang LaSalle and realtor for the transaction. “By accepting bitcoin, Blackcoin or Pinkcoin for the sale of this private retreat, we can appeal to a much broader international market.”

The seller, Danny Johnson (aka CryptoCayce), is no stranger to the world of crypto-currency and the benefits it provides. “As an online poker player I’m comfortable with the digital world. Altcoins provide me with autonomy and control of my assets. They’re safe and easy to use with minimal fees and I find them to be great supplemental payment method. Of course my family’s willing to accept them!”

For more information concerning MerchantCoin go to http://www.MerchantCoin.net or contact Maya Babish at maya(at)merchantcoin(dot)net

About MerchantCoin
MerchantCoin is the first digital currency brought to market with the sole purpose of driving adoption of crypto-currency payments in the consumer merchant transaction process. MerchantCoin drives this adoption through a unique set of incentive programs that motivate and empower people (“Advocates”) in their local market; promotional and educational materials that highlight and explain the value of bitcoin transactions; and technology that provides ease-of-use, leverages the inherent security in the crypto-currency blockchain and eliminates the credit card fees associated with ecommerce transactions.

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Maya Babish
MerchantCoin Foundation
+1 425-218-3112
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since: 06/2009
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