Bitcoin Adoption: Luxurious Real Estate Properties on Sale for Crypto

A property owner in Greece is selling a 9,000 square-meter plot of land located in the beautiful Greek island of Lemnos. The land is on sale for €180,000 and the owner will also accept cryptocurrencies as payment.

According to the listing posted on Bitcoin Real Estate, the land is located about 1 km outside of the town of Moudros, a former municipality of Lemnos. As described in the listing, the property’s elevation allows for panoramic views of the town and the Aegean Sea.

The large plot of land is only a short walk from the historical village of Moudros which has many restaurants, tavernas, and mini markets. There are also miles of “unspoilt” beaches and coves that are located near the property. Water and electricity sources are available, and it’s permissible to build houses or commission other construction projects on the land, the listing noted.

Penthouse For Sale In Mexico For Bitcoin, Ether

The property owner will accept payments in bitcoin (BTC), litecoin (LTC), zcash (ZEC), and ether (ETH). Notably, there are many other properties currently listed for sale on Bitcoin Real Estate, with most of them accepting bitcoin and ether payments. There’s presently a three bedroom, 2 bath luxurious penthouse on sale in Cabo San Lucas, B.C.S., Mexico for $775,000 and the seller will also accept BTC and ETH payments, according to the listing.

Despite the year-long bear market of 2018, which has seen digital currency prices drop drastically, there seems to be an increasing number of merchants that now accept cryptocurrency payments. As CryptoGlobe reported earlier this month, there are currently 1,500 restaurants in Denmark that accept bitcoin (BTC).

Giant Danish food portal, Hungry.dk, had been accepting bitcoin since 2014 in exchange for food items from over 1,500 restaurants that have registered on its platform. In 2017, the crypto payments feature had been temporarily removed due to slow transaction processing times. However, Hungry.dk has again started to accept BTC because transactions with the flagship cryptocurrency are faster now and also more cost-effective, according to a representative from Hungry.dk.

Many More Bitcoin ATMs & Crypto Wallets

There are other signs that cryptocurrency adoption has increased this year, even during the bear market which has seen some smaller cap coin projects die out. According to a chart shared by Jameson Lopp, a well-known bitcoin developer and CTO at CasaHODL, the number of Bitcoin ATMs have doubled this year to now over 4,000 worldwide, “continuing a 3 year trend of 100% year over year growth.”

As pointed out by the host if CNBC Crypto Trader show, Ran NeuNer, there have been over 2 million new crypto accounts opened on Blockchain.com since September. 

Zcash 'Company' Changes Name to 'Zerocoin Electric Coin Company' for More 'Clarity'

The Zcash company, which supports the ongoing development of the Zcash (ZEC) platform, a leading privacy-oriented cryptocurrency, has rebranded to the Electric Coin Company.

According to an official company blog post, the name change from “Zcash company” to “Electric Coin Company” was made in order to have more clarity. Explaining that the “legal name” for the firm was always “the Zerocoin Electric Coin Company, LLC”, the organization clarified that it had been referring to itself as “the Zcash company.”

However, the company’s blog noted that the development of “Zcash” is a community-based project and that some of the privacy coin’s business-related initiatives may involve the Zerocoin Electric Coin commercial entity. Moreover, Zerocoin’s operations are not directly associated with the Zcash Foundation - which in itself is a “separate and independent” organization, according to the z.cash blog post. Notably, the Zcash Foundation has “its own mission, team, and board of directors.”

Rebranding Process: New Domain, Change Office Sign

Acknowledging that it will take the company “a little while to get the new branding right, launch a new domain, and change out the sign at the office”, the company blog mentioned that “the name change is public.” Except for the name change, the entity associated with Zcash explained: 

We are the same team, with the same mission: to empower everyone with economic freedom and opportunity. We developed and help steward Zcash.

Zerocoin's Research & Engineering Projects May Not Be Integrated Into Zcash 

Notably, the Electric Coin Company is currently working on “research and engineering [projects] that may, or may not” be integrated into the Zcash codebase, the blog noted. At present, the Electric Coin team consists of around 30 professionals from across the globe that are involved in the following initiatives:

  • “Product Development and Support”,
  • “Builds Zcash software”,
  • “Participates in cryptographic research”,
  • “Works with third parties to perform regular security audits of Zcash”,
  • “Improves the safety and security of the Zcash network”,
  • “Works on the Zcash user experience, such as the reference wallet” 

Company Website, Social Media Accounts To Be Changed/Updated Soon

In addition to working collaboratively on the initiatives listed above, the Electric Coin company helps in “translating content into different languages”, creates "educational content”, and supports the overall development of the Zcash platform.

As mentioned in the company’s announcement, the Electric Coin company “information will be moved from https://z.cash/ to a new domain with its own website.” Social media accounts associated with the company will also be updated.