You Can Now Buy Yachts With Bitcoin

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By the Caribbean Journal staff

Bitcoin mania has officially hit the sea, with the fast-growing crypotcurrency now entering the yacht brokerage market in the Caribbean.

Fort Lauderdale-based Denison Yachting has announced that it will now accept Bitcoin as payment for new yachts, following the completion of its first-ever sale of a yacht involving Bitcoin.

Dension will also begin taking Bitcoin directly as payment for its in-stock inventory, which includes a variety of Beneteau, Dufour and Fountaine Pajot yachts.

Denison Broker Wiley Sharp, who is based at the company’s St Thomas office, brokered the Bitcoin deal last week for a 48-foot Leopard sailing catamaran in the Virgin Islands.

The buyer used Coinbase to convert his bitcoins to the dollars he used to buy the yacht.

“Bitcoin is not just a ‘millennial’ fad,” said Bob Denison. “There are Bitcoin users of all ages, across all continents buying and selling luxury goods, including cars and villas. There’s absolutely no reason why a seller should be wary of accepting Bitcoin.”