Business 12 February 2019

Erik Gibbs

Historic Canadian restaurant for sale, crypto accepted

A venue described as a “historic restaurant” in Carbonear, Canada is being sold by its owner. The Stone Jug was initially built in 1860 and was once the center of trade and commerce in the city. As an icon of the city, it draws a significant amount of attention and could be the ideal purchase for anyone looking for a lifestyle change. Even better, the owner is accepting cryptocurrency as payment

Bitcoin Core (BTC), Ether (ETH) and Ripple (XRP) are all welcome for The Stone Jug. Of course, the owner will accept fiat as well, but it’s nice to know there are options. 

The property is listed for sale on the real estate site Propy, which also is active in crypto for the real estate industry, and the listing reads, in part, “The ‘Stone Jug,’ located in Eastern Canada, has 3 floors and a full basement. Each floor is approximately 3000 sf. ft. The 1st floor seats 75+ guests and has an 85 ft. bar and an open concept kitchen. The 2nd floor easily seats 185 guests. The 3rd floor theater and conference room seats 110 guests. All of these facilities make the Stone Jug a perfect venue for weddings, meetings, conferences, functions, theater & musical performance.”

The building’s structure is made from walls that are a meter thick and which include hand-carved stone that dates back to the early part of the 18th Century. The bar, which measures 85 feet, was constructed with wood imported from China. 

Be prepared to dig into the wallet to make the purchase, as The Stone Jug won’t come cheap. It carries a price tag of $5.5 million. 

The Stone Jug isn’t the first piece of real estate to be offered for purchase through cryptocurrencies. In fact, the real estate market has been one of the most active in adopting blockchain technology, as it allows easier and more concise purchase transactions than conventional systems. A number of agencies have also begun to allow their clients to make real estate purchases with crypto, including Westbury Investments, which became one of the first when it embraced digital currency payments in May of last year. 

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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