With the cryptocurrency and bitcoin becoming more and more viable every week, it was not surprising when a lingerie tycoon and her billionaire boyfriend recently sold out 50 apartments in Dubai for Bitcoin. Lately, buying homes using Bitcoin is becoming very common and the recent sell-off by the Ultimo lingerie head Michelle Mone and her doting boyfriend, billionaire Doug Barrowman just proved it once again.

The alleged couple put 50 of their 1,300 developments in the Science Park of Dubai up for sale with Bitcoin. Importantly, the soaring popularity of the cryptocurrency ensured that these developments were gobbled up very fast. According to Barrowman, they sold out all of the 50 developments, some bought ones and twos whereas one buyer invested in 10. The studio apartments were sold out for $130,000 –around 16 bitcoins according to existing price whereas the two-bedroom apartments were sold out for $380,000 or around 47 bitcoins.

The reports indicate that this is the first of its kind property development ever sold using a cryptocurrency. According to this deal, those who purchased developments of Mone have the option to use Baroness Mone Interiors for designing their new home. Baroness Mone Interiors is a self-titled design service by Michelle Mone which can be paid with Bitcoin.

Bitcoin Price Drops Owing To Bitcoin Cash Scandal

The prices of Bitcoin dropped below $15,000 due to pressure caused by the sudden altcoin growth and the ongoing Bitcoin Cash (BCash) scandal. The Coinmarketcap’s cross-exchange data revealed an average value of around $15,550 with Bitstamp sinking deeper to around $14,960. BCash posted massive gains in the last couple of days.

Even then, the recent dip did nothing to bolster performance by altcoin losing 14% against Bitcoin and 20% against the US dollar. However, the volatility for which the cryptocurrency market is so famously known returned after an uncertain and relative stability around $19,000 previously. Traders were seen posting warnings on Twitter regarding “short-term caution” while one Bitcoin holder even went on to forecast a loss up to 5000 points.