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Local woman selling car for Bitcoins

VANCOUVER (NEWS1130) – A local woman is selling her car, but not for cash.

Sarah Yu says she is only willing to accept Bitcoin for her 2006 Volkswagen Jetta.

“People ask ‘Aren’t you worry that it’s going to crash?’ Well, it’s not going to crash; the price will dip… it’s a roller coaster. I’m in it for the long-term,” she tells us.

Bitcoin is a digital currency, bought with real money and used to purchase goods and services.

“I’m a strong believer in Bitcoin and cash, I really think is on its way out… fiat currency is on its way out; it’s highly devalued,” adds Yu. “I really believe bitcoin is the future.”

The car is currently listed on her Twitter account for eight Bitcoins; the currency is currently worth just under $900 Canadian per coin.