Why This Utah Man Is Offering 10% Discount To Anyone Willing To Buy His House For Dogecoin

Start generating passive income through real estate.

Own a piece of your favorite cities through diversified real estate investments in the country's top markets

*Terms and conditions apply. Visit Nada's website for more details.

A man in Utah is willing to sell his home for a 10% discount if a buyer pays in meme cryptocurrency Dogecoin DOGE/USD.

What Happened: Homeowner Scott Paul said he is willing to offer a discount on the $399,000 sale price because he believes in the future of cryptocurrency, particularly Dogecoin, Fox13 News reported.

Paul, the founder of Utah-based tech company Wooly, believes that even if he sells the house for Dogecoin at a discount, the price of the cryptocurrency rising “by 20, 30 or 40%” is more likely, as per the report. He added he is not worried about the volatile price of dogecoin as he is comfortable with the cryptomarket’s wild swings.

See also: How To Buy Dogecoin (DOGE)

A person buying the house would be required to have about 1.94 million dogecoins for the equivalent of $399,000, based on dogecoin’s value of $0.20 at press time.

Paul reportedly said he has received two offers from people who are ready to buy the house in cryptocurrency.

See Also: Dogecoin Creator Says This Is The 'Ultimate C*ap Coin — ' And For A Good Reason

Why It Matters: Created mainly as a joke in 2013, Dogecoin’s acceptance as a payment option by companies has gained momentum this year.

It was reported last week that Burger King Brazil is now accepting the meme cryptocurrency as a payment method for the purchase of Dogpper, a dog snack it recently introduced.

However, the prices of cryptocurrencies are seeing high volatility in recent months. While Dogecoin’s year-to-date gains are an impressive 3,509.2%, the Shiba Inu-themed cryptocurrency is down almost 72.2% from its all-time high of $0.7376 reached in May.

Price Action: Dogecoin is down almost 4.2% during the last 24 hours, trading at $0.2053 at press time.

Read Next: Dogecoin Community Right Now Showing 'Lot Of Early Signs Of Illness,' Says Co-Founder

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyNewsMarketsReal EstatedogecoinMeme CoinsScott Paul
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!