{"id":255,"date":"2014-05-21T03:03:00","date_gmt":"2014-05-21T03:03:00","guid":{"rendered":"http:\/\/blog.holytransaction.com\/bitcoin-used-to-buy-500000-kansas-home\/"},"modified":"2014-05-21T03:03:00","modified_gmt":"2014-05-21T03:03:00","slug":"bitcoin-used-to-buy-500000-kansas-home","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2014\/05\/bitcoin-used-to-buy-500000-kansas-home.html","title":{"rendered":"Bitcoin used to buy $500,000 Kansas home"},"content":{"rendered":"
\n(KCTV<\/a>) A new form of online currency is being used to buy nearly everything – including a $500,000 home in Olathe.<\/div>\n
\n<\/div>\n
\nWhen Josh Zerlan went looking for a new home, he originally didn’t think about using a bitcoin<\/a> to buy it.<\/div>\n
\n<\/div>\n
\n“It’s like the internet in 1994. Nobody knew what to do with it, but
\nthey knew it was pretty cool,” he said. “This seemed like a good test of
\n how far the currency has come.”<\/div>\n
\n<\/div>\n
\n\n\n\n\n
<\/a><\/td>\n<\/tr>\n
When Josh Zerlan went looking for a new home, he originally didn’t think about using a bitcoin to buy it.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n<\/div>\n
\nZerlan had already bought two cars, among other things, with them. So he wondered if he could purchase a house.<\/div>\n
\n<\/div>\n
\n“It is a real hassle to transfer large sums of money and then the
\nbanks take their cut. They take a fee, you end up paying quite a bit of
\nmoney. With bitcoin, you don’t have to pay any of those fees, and it is
\nan instant transfer,” he said.<\/div>\n
\n<\/div>\n
\nHome sellers Tim and Virginia Hoelting admit the transaction was scary.<\/div>\n
\n<\/div>\n
\n“We kind of tip-toed through it with Josh. We were real comfortable
\nwith his knowledge of it, so we took the plunge,” Tim Hoelting said.<\/div>\n
\n<\/div>\n
\nFor those who don’t know what a bitcoin is, they are not alone. <\/div>\n
\n<\/div>\n
\nWorldwide, it is estimated that only about 1.2 million consumers use
\nbitcoins, although more than 30,000 businesses currently take them
\nonline.<\/div>\n
\n<\/div>\n
\nAnd the bitcoin is growing. EBay is currently considering ways to start accepting it as payment through PayPal.<\/div>\n
\n<\/div>\n
\nThe MLS soccer franchise, the San Jose Earthquakes, accepts bitcoins to purchase tickets and beer at their home games.<\/div>\n
\n<\/div>\n
\nZerlan said it takes about six months to really understand how they work. He urges people to research them first.<\/div>\n
\n<\/div>\n
\n“Once they understand it and start using it, it is amazing,” Zerlan said.<\/div>\n
\n<\/div>\n
\nZerlan said his bitcoins have made him feel right at home.<\/div>\n
\n<\/div>\n
\nIn December, one bitcoin was worth more than $1,100, today it is worth about $470, up from just $100 a year ago. <\/div>\n
\n<\/div>\n
\nBitcoin are volatile right now, so anyone interested in bitcoins are urged to research them first. <\/div>\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

(KCTV) A new form of online currency is being used to buy nearly everything – including a $500,000 home in Olathe. When Josh Zerlan went looking for a new home, he originally didn’t think about using a bitcoin to buy it. “It’s like the internet in 1994. Nobody knew what to do with it, but […]<\/p>\n","protected":false},"author":1,"featured_media":824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,76,468,656],"tags":[764,1126,1307],"yoast_head":"\nBitcoin used to buy $500,000 Kansas home -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2014\/05\/bitcoin-used-to-buy-500000-kansas-home.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin used to buy $500,000 Kansas home\" \/>\n<meta property=\"og:description\" content=\"(KCTV) A new form of online currency is being used to buy nearly everything – including a $500,000 home in Olathe. 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