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Bitcoin Accepted $3 Million on Valletta Palazzo Mansion in Malta which is on Sale

Malta continues to steal the headlines for innovative projects in the blockchain space with the most recent offering being a huge palazzo in the heart of Valletta being offered for sale with a $3 million price tag.

Valletta is undergoing a complete transformation lately with tens of previously abandoned mansions and palazzos being converted into high-end boutique hotels catering for the upcoming nouveau riche.

The 860 square-meter historic building in the heart of the Mediterranean island’s vibrant capital of Valletta also comes with permission to be transformed into a hotel or even office space.

The mansion can only be purchased in Bitcoin, with the property going on sale for 550 BTC.

The ubiquitous John McAfee who has also confirmed his participation at the Malta Blockchain Summit which is taking place in November has also been tweeting about the palazzo sale in Bitcoin.

In order to deliver full ‘know your customer’ (KYC) knowledge and due diligence, Crypto Homes have also partnered with KnowMeNow – a blockchain based KYC solution.

He stated:

“Crypto is here to stay and we want to showcase that cryptocurrencies are not only commodities for speculators but also a means to purchase solid assets. Purchasing real estate with crypto is like purchasing real estate with fiat – the same due diligence and rules apply. We simply want to promote the use of crypto as a vehicle for solid investments and Malta is a great start with the incredibly strong real estate market that we have seen in the past few years”.

 

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