January 14, 2014 2:40 pm
Updated: January 14, 2014 11:58 pm

Vancouver resident selling her car, but not for cash, for Bitcoin only

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Vancouver resident Sarah Yu is trying to sell her 2006 Volkswagen Jetta.

But this sale is a little bit different.

Yu does not want cash for the car.

“I’m not interested in cash,” she says. “I’m only interested in selling for Bitcoin.”

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Bitcoin is a digital currency and was introduced as open source currency in 2009. Users can buy and sell Bitcoins using a peer-to-peer payment system. Some businesses in Vancouver are even starting to accept Bitcoin in place of cash to buy goods and services.

Yu has been learning about Bitcoin for a while and believes it is the future.

“The government keeps printing more money and it keeps devaluing real cash,” she says.

WATCH: 16×9: An investigation into Bitcoin’s remarkable rise.

Yu wants eight Bitcoin for her car.

At the time of the interview on Tuesday morning, one Bitcoin was worth $916 US. “But who knows when it comes out tonight,” says Yu.

Roughly, eight Bitcoin is about $7,500 CAN for the car.

She says she has had some interested parties so far, but mostly people asking why she’s asking for Bitcoin and not cash.

Yu sees Bitcoin as a long-term investment. There are currently about 12.22 million Bitcoin in circulation. Yu says when there are 21 million in circulation, no more Bitcoin will be produced.

Interested parties can contact Yu about her Jetta using any of the methods below:

Twitter @TheSarahYu

Email: pr@sarahyu.com

Bitcoin Address:

Bitcoin Address

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