fbpx

Why This Utah Man Is Offering 10% Discount To Anyone Willing To Buy His House For Dogecoin

August 2, 2021 3:37 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Why This Utah Man Is Offering 10% Discount To Anyone Willing To Buy His House For Dogecoin

A man in Utah is willing to sell his home for a 10% discount if a buyer pays in meme cryptocurrency Dogecoin (CRYPTO: DOGE).

What Happened: Homeowner Scott Paul said he is willing to offer a discount on the $399,000 sale price because he believes in the future of cryptocurrency, particularly Dogecoin, Fox13 News reported.

Paul, the founder of Utah-based tech company Wooly, believes that even if he sells the house for Dogecoin at a discount, the price of the cryptocurrency rising “by 20, 30 or 40%” is more likely, as per the report. He added he is not worried about the volatile price of dogecoin as he is comfortable with the cryptomarket’s wild swings.

See also: How To Buy Dogecoin (DOGE)

A person buying the house would be required to have about 1.94 million dogecoins for the equivalent of $399,000, based on dogecoin’s value of $0.20 at press time.

Paul reportedly said he has received two offers from people who are ready to buy the house in cryptocurrency.

See Also: Dogecoin Creator Says This Is The 'Ultimate C*ap Coin — ' And For A Good Reason

Why It Matters: Created mainly as a joke in 2013, Dogecoin’s acceptance as a payment option by companies has gained momentum this year.

It was reported last week that Burger King Brazil is now accepting the meme cryptocurrency as a payment method for the purchase of Dogpper, a dog snack it recently introduced.

However, the prices of cryptocurrencies are seeing high volatility in recent months. While Dogecoin’s year-to-date gains are an impressive 3,509.2%, the Shiba Inu-themed cryptocurrency is down almost 72.2% from its all-time high of $0.7376 reached in May.

Price Action: Dogecoin is down almost 4.2% during the last 24 hours, trading at $0.2053 at press time.

Read Next: Dogecoin Community Right Now Showing 'Lot Of Early Signs Of Illness,' Says Co-Founder

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to Benzinga Podcasts and our YouTube channel.


Related Articles

Investing In Memecoins: Essential Tips On How To Find The Next 1000×

Investing In Memecoins: Essential Tips On How To Find The Next 1000×

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. read more
Is It Too Late To Buy Ethereum? — Crypto Daily, October 25, 2021

Is It Too Late To Buy Ethereum? — Crypto Daily, October 25, 2021

You asked, We answered! Is It Too Late To Buy Ethereum? Tune in to today's episode of Crypto Daily, where Benzinga's Blockchain Editor Joe Dewitt's technical analysis of the following coins: read more
Facebook Whistleblower's Crypto Connection, China COVID-19 Risk, Tesla Price Hike, Ark's Bet On Snap, Elon Musk On Dogecoin, Shiba Inu: 5 Key Headlines You May Have Missed

Facebook Whistleblower's Crypto Connection, China COVID-19 Risk, Tesla Price Hike, Ark's Bet On Snap, Elon Musk On Dogecoin, Shiba Inu: 5 Key Headlines You May Have Missed

Heading into a new trading week, here is a quick roundup of the top five stories from the technology, corporate and cryptocurrency sectors that investors would not want to miss out on from the weekend. read more
Why Is Dogecoin Shooting Up Today?

Why Is Dogecoin Shooting Up Today?

Dogecoin (CRYPTO: DOGE) traded 8.5% higher at $0.27 over 24 hours early Monday morning. What’s Moving? The meme cryptocurrency has shot up 11.73% over a seven-day trailing period. read more