800 Bitcoins Buys Bali Villa

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In possibly the largest real world bitcoin purchase to date, an anonymous buyer has bought a villa in Bali for 800 bitcoins, or about $500,000. Ronny Tome, the villa's seller, told The Wall Street Journal: "The whole thing was done in an hour. If we had gone through normal bank transfers, it would have taken a few days or a week."

$500,000 in Bitcoin Just Bought Someone a Villa in Bali | NBC News

(Image credits: DelMango Villa)

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Tara is a Boston-based marketing maven-turned-lifestyle writer, who spends her time thrift shopping, canning, and doing DIY projects.