Online classified Gumtree has revealed that many South Africans are flogging their wares on the site and requesting payment in Bitcoin.
After exponential gains in 2017, crypto-currency is the hottest topic of debate at the moment and it appears as if South African’s are not afraid of swapping real-world items in the hopes of achieving massive gains.
“This is particularly true for high-value items like cars, bikes and boats,” says head of Core at Gumtree Claire Cobbledick.
“Many sellers are willing to take a gamble with their assets in hopes of a large pay-out.”
At time of writing we were able to find an individual selling a Land Rover Defender 110 for R180 000 with a line that simply reads “I am also open to accepting bitcoin as payment.”
Another seller is open to accepting Bitcoin for a 2010 BMW X5.
While Gumtree does not allow the advertising of cryptocurrency miners or services, buyers and sellers can use Bitcoin as a currency of exchange but Cobbledick says they must be aware of the risks.
“Bitcoin is a volatile currency, so while you could easily see a 50% increase in your investment, you could just as easily end up with nothing. It’s up to the seller to decide if they are willing and able to take a gamble,” she says.
Oh and if cars are out of your price range you can pick up a carnivorous plant for R160 or the equivalent in Bitcoin.