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A set of retail condos in New York City are selling exclusively for $29 million in bitcoin, reflecting a growing trend of luxury real estate purchases using the cryptocurrency.

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Three retail condos totaling 9,000 square feet in Manhattan’s Gramercy Park are being listed by Magnum Real Estate Group, with bitcoin as the only accepted form of purchase, According To Yahoo! Finance.

A sale will be processed by Bitpay, a bitcoin payment service provider that will receive cryptocurrency payments and convert it into dollars, allowing Magnum to receive purchases in cash.

The transaction will be completed on the following business day instead of the normal 30-90 day settlement period.

Bitcoin hit its all-time high of nearly $69,000 last week, and Ben Saul, managing partner at Magnum Real Estate, said he expects some crypto owners to start diversifying their investments.

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