Man wants Bitcoins for Alberta bungalow

March 22, 2013 at 4:22 PM

EDMONTON, Alberta, March 22 (UPI) -- A man selling his Alberta bungalow is asking for about $400,000 -- or 5,613 digital Bitcoins -- with a preference for the Bitcoins.

Taylor More, 22, a former currency trader, said he prefers Bitcoins, worth $72.50 each, for the two-room bungalow on 2.9 acres because he believes there is a future for the digital currency, which Walmart recently began accepting for purchase of gift cards, ABC News reported Friday.

"I just really believe in them and once I read my first article about them, I was hooked," More said. "I can take control of my own money, I don't have to worry about the government stepping in and taking it and freezing my account.

"I have a few ventures that I am working on that involves Bitcoins and I am going to need a lot of Bitcoins to do them. I thought this might help Bitcoin gain some ground, once people see that you can actually buy a piece of property or a physical tangible thing," More said.

He said he can't yet reveal the details of his planned ventures.

"If someone had a partial payment in Bitcoins, I would be willing to negotiate, but I wouldn't turn down somebody who had cash," More said.

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