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A housing developer is setting up the first Bitcoin enabled community, which he claims will soon be "the norm" in housing markets in the next few years. Managing Director at One Bequia Storm Gonsalves is planning to create the first Bitcoin community in the Caribbean where goods, services and the houses themselves could all be paid for through digital currency. The properties, ranging from £670,000 to £1.6m, can be purchased using cryptocurrencies equivalents where prices are locked in to avoid fluctuations in price during transactions. Mr Gonsalves said he is happy to be "pioneering" the technology and says other developers and countries will be watching how to replicate his successes - stating it could be a very normal thing in the years to come. "There is a lot of wealth in the cryptomarket that cannot be ignored anymore - it's just too large,” he said. |