An American from the state of Utah has joined the ranks of those who are selling their property for cryptocurrencies, according to local television station KUTV.
Scott Paul’s offer comes with a pleasant twist: those who pay in meme cryptocurrency Dogecoin will be able to get a 10 percent discount on his home.
Considering that it is priced at $389,000, that’s a pretty good incentive to use the viral canine coin as a payment method.
This is part of the plan, according to Paul. The Utahn believes that Dogecoin could become a viable currency in the future, and his sale could help push the joke cryptocurrency into the mainstream:
The decision was pretty obvious. I have a house I want to sell, why not push it to the limit to see if I can sell if for DOGE, because we have to keep using this currency if we’re going to get it to mainstream.
While Paul also accepts other cryptocurrencies, the double-digit discount might be too exciting to choose any other cryptocurrency.
Unfazed by volatility
Dogecoin made a killing earlier this year with its enormous price gains that turned some of its millennial holders into multi-millionaire.
However, those who bought into the canine mania at its peak in early May are now down a staggering 73 percent.
Paul believes that Dogecoin still has the potential to go up in value, which is why the decision was a no-brainer for him:
It’s not a hard decision to make, and that’s why I would discount right now because I believe it would go up in value.
Both Tesla CEO Elon Musk and Dallas Mavericks team owner Mark Cuban have opined that Dogecoin could end up becoming a viable currency.
Musk said that it would be the most “entertaining” and “ironic” outcome:
Arguably the most entertaining outcome, the most ironic outcome, would be that Dogecoin becomes the currency of Earth of the future.