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Land deal sealed using Bitcoin


Done deal: Yee (right) and Chin showing their 10 Bitcoin payment via Luno wallet.

Done deal: Yee (right) and Chin showing their 10 Bitcoin payment via Luno wallet.

KOTA KINABALU: While some merchants are still hesitant to accept cryptocurrency, one businessman in Sabah has signed and sealed the sale of a piece of land in Sabah’s east coast Libaran Island using Bitcoin.

The deal, worth half a Bitcoin (about RM38,000), was transacted between one of Sabah’s top tourism entrepreneurs Alexander Yee and his friend Polycarp Chin.

   

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