Any news with respect to Cryptocurrency adoption is welcome news and especially during this time period of market turmoil that has seen Bitcoin (BTC) drop to the lower levels of $7,000. The King of Crypto is currently trading at $7,228 at the moment of writing this. Ethereum (ETH) is now trading at $533 with Ripple (XRP) dropping to levels below 60 cents and trading at $0.574.
These top three coins are beloved to many and they are also being accepted as a form of payment for the purchase of a 27 acre piece of land in California. Through Propy Inc., a real estate firm dedicated to solving the problems of purchasing property across borders, the property valued at $16,000,000, can now be purchased using BTC, ETH or XRP.
In a tweet announcing the acceptance of XRP as form of payment for the property, Propy Inc. had this to say:
Great news! We added XRP as a cryptocurrency accepted at Propy, starting with a rare investment opportunity to acquire one of the last large pieces of city land in Silicon Valley! $, BTC, ETH and now #XRP are accepted. The offer is exclusive on #propy:
The listing of the property on the Propy website had a detailed description of the property atop the addition of XRP as a form of payment:
BITCOIN & ETHER and XRP ACCEPTED! Welcome to Los Gatos! Located on Shannon Road, this rare 27-acres land sitting near the top of Los Gatos is now for sale.
The site offers a spectacular panoramic view of Los Gatos Hills and beyond. This off-market site offers a buyer the opportunity to build up to 10 luxurious homes overlooking some of the most pristine lands in Northern California.
The soil and the weather are ideal for wine lovers to have their own vineyard, olive farm and even raise horses. Families can enjoy picnics during the day and gaze at stars at night while enjoying fresh air and picturesque view of Silicon Valley on the hilltop that will remain forever.
The listing goes on to mention that the property is close to the headquarters of Netflix and a drive way from San Jose and San Francisco. This property is the first to be listed with XRP as a payment option. The firm is sure to list more homes in a similar manner.
Crypto adoption is surely gaining ground as can be seen with the listing of a $16,000,000 property in CA. One needs 2,213.61 BTC or 30,018.76 ETH or 27,874,564 XRP – using current market values of the coins – to make this piece of land yours.