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BOND now accepting bitcoin

Noah Freedman

Bond New York announced last week that it will accept bitcoin, the online currency, as payment for real estate transactions.

“We are accepting Bitcoin as a service to our customers who prefer to use the digital currency as a matter of convenience. We are always looking for ways to serve our customers through technological advancement,” Brian Dusseau, a BOND agent, said in a statement. “In addition we have agents who would like to be paid in bitcoins if their customer pays us in bitcoins.”

Bitcoin launched in 2009 and is entirely internet-based. Advantages of the currency include anonymity and low fees, because transactions are conducted without banks or other intermediaries, proponents say.

The frontier currency has a reputation for association with illegal activities, but has also increased in value due to investor speculation.

“Right now a bitcoin is worth about $750 USD. The currency is earned by computers solving complex mathematic equations first; so far about half of 21 million bitcoins that will ever be created have been created, and earned,” Noah Freedman, co-founder of BOND New York, said in a statement.

“Bitcoin is a convenient and inexpensive way for our customers to transfer money so we see it as a win-win situation which will impact the real estate industry.”

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