Former Banker Dismisses His Profession, Purchases Land in Nicaragua Using Bitcoin

Gregory Simon, a former 12-year-career banker, has purchased a 0.3-acre lot of land using bitcoin in San Juan del Sur, Nicaragua. Simon purchased the land through Nica Life Realty and plans to build a home there with his girlfriend.

“By using BTC we were able to complete the transaction quickly with no need to involve banks or other third party intermediaries. I don’t know yet what the house design will be, my girlfriend and I will be designing it together in the coming months,” Simon said.

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“The current banking system is beyond immoral. It takes advantage of the most helpless and poor people on earth,” he added looking back upon his career.

Bitcoin, a peer-to-peer virtual currency, has grown in influence reaching an all-time high of US$1,242 in November, 2013. Currently, it is worth around US$773 per coin.

Source: CoinDesk.