Lately, the cryptocurrency market has been showing rather disappointing results, but it is not going to give in. Digital assets, in particular Bitcoin, are still used as a means of payment. And the acquisition of a luxury house in Manhattan confirms this fact.

Ben Shaoul, president of Magnum Real Estate Group, a giant in the real estate world, has sold a high-end retail condo in Manhattan for $15.3 million in Bitcoin. This luxurious residence with a total area of 1,059 square meters is located in the Upper East Side, the most prestigious part of Manhattan.

According to the media, the property was sold to Affluent International LCC, a Taiwan-based company. Earlier, another residential property owned by Ben Shaoul was listed for sale on condition that it would be purchased with BTC. However, the property was subsequently sold for 82 million US dollars.

Interestingly, Magnum Real Estate Group has long been actively participating in promoting the blockchain technology as a form of payment. In addition to Bitcoin, the company accepts Ethereum and Ripple.

The purchase of Ben Shaoul was not the first among such real estate transactions. The leading position in this matter is occupied by Go Homes. The British developer announced the first sale of two elite houses for BTC as far back as 2017.