Bitcoin Can Now Buy You A Building In Japan

Cryptocurrency mining has been gaining a lot of traction these days especially the Bitcoin which is worth thousands of dollars a piece and while Steam has dropped the support for Bitcoin but, this cryptocurrency can buy you a house in Japan.

While other countries have some very strict regulations regarding the cryptocurrency but last year, Japan officially recognized the Bitcoin and since then more and more companies have started giving this Virtual currency as pay to its employees in Japan.

Now the country now accepts Bitcoin as a payment to buy a house. According to the spokesperson for Japanese real estate company Yitanz, the company has sold a small commercial building in Tokyo for 547 bitcoins which is currently is equivalent to $ 6 million.

According to the company, the reason for accepting the virtual currency as a payment is that the Bitcoin investors in the region have started to make a shift towards the real-estate market and are planning to spend the profits they earned with the virtual currency for the past few years.

It seems that more and more companies in Japan are starting to accept Bitcoin as a form of payment, however, it will be interesting to see if other cryptocurrencies will be recognized in the country or not.

However, the same Cryptocurrency has caused problems for PC gamers as the Cryptocurrency miners are buying all the GPUs they can get their hands on which has created a shortage of GPUS in the market resulting in a serious price hike of the graphics card in the market.

This has made it difficult for PC enthusiasts and gamers to get their hands on a new graphics card due to sky-high prices. However, Nvidia has requested the retailers to prioritize gamers over miners when it comes to selling GPUs.

However, the way things are going on it will be a hile before the GPU prices return to their MSRP prices and even if retailers start acting upon Nvidia’s request, it will be a while before we see any changes.

What do you think of the cryptocurrency? Let us know in the comments.

Source: MyDrivers

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