One user of the meme-inspired, virtual currency, Dogecoin, could be a future home owner.
Matt Thomspon, 27, is selling his vacation home (not pictured) in Wisconsin for 100 million Dogecoins, or about $135,000. After not receiving any offers for his three-bedroom, two-bathroom home in the northern woods of Sawyer County, Wisc., Thompson decided to accept Dogecoins as a form of payment.
See also: Dogecoin Is One Step Closer to Being Real Money
Thompson has used cryptocurrencies — digital mediums of exchange, or virtual currencies — like Bitcoin since 2011, and he started using Dogecoins two days after they were made available online. To his surprise, as a video game and electronics vendor, Dogecoins are actually useful for his business because he can use the cryptocurrency to buy and sell inventory from places like China.
“I don't mind holding on to [Dogecoins] for a multitude of reasons, including that I believe I can use them to further my business,” Thompson told CNN. “It's safe and easy with minimal fees. To date, I've found it to be very good for supplementing payment methods.”
Dogecoin is an open-source cryptocurrency created by a programmer, Billy Markus, in December 2013 as a parody of Bitcoin. Dogecoin uses the Japanese dog breed — the Shiba Inu — as its mascot because its the face of the “doge” Internet meme that the currency is based on.
Though Dogecoin started as a joke worth nothing, the currency is now valued at more than $60 million with a subreddit to boot. While Bitcoin is still the most popular traded cryptocurrency and has the largest community of users, Dogecoin is one of the top 10 cryptocurrencies and boasts a nonprofit organization, the Dogecoin Foundation that most recently sent the Jamaican bobsled team to the Winter Olympics.
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