Bitcoin luxury real estate reportedly hits a snag
According to a media outlet, the world’s first luxury development to be sold using the cryptocurrency is on hold. The Aston Plaza development in Dubai was promoted by Baroness Mone, a controversial lingerie mogul whose past business ventures have been called into question. Mone launched the $323 million (£250 million) project in September 2017 alongside her billionaire partner Doug Barrowman. At the time, marketing materials said the two residential towers would be finished by summer 201 The development, where a two-bedroom flat would set you back approximately $240,000 (£185,000) in Bitcoin, is described on its website as being 25 percent done. But, according to government inspectors who visited the site in January last year, the venture is on hold, and construction has seemingly ceased.
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