Bitcoin & Houses?! 🤯

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Right. So, apparently Opendoor – a company that buys houses, does a bit of tidying, and then sells them again at a slightly inflated price (don’t look at me, I’m just reporting) – is thinking about accepting Bitcoin. Yes, Bitcoin. That digital thing. The one that occasionally goes up in value and then down again, usually for reasons nobody entirely understands. 🤷‍♀️

The internet, naturally, has exploded. Headlines are screaming about a “major step towards crypto payments in real estate!” which is a bit like saying a single dust bunny represents a full-scale cleaning operation. There’s been an announcement of an announcement, a hint of a plan, a suggestion of a possibility… basically, it’s all rather vague. Detail? What detail? We’re talking about a $6 billion company here, you’d think they’d have the paperwork sorted, wouldn’t you? Probably buried under a pile of other paperwork.

Executive Signals On Social Media

It all started with a tweet. A tweet, I tell you! Kaz Nejatian, the new CEO (who, let’s be honest, sounds like a character from a particularly obscure sci-fi novel), was asked on X (formerly Twitter, because apparently things need constant rebranding) if Opendoor would accept Bitcoin. His answer? “We will. Just need to prioritize it.”

The emphasis on “prioritize” is… concerning. Does that mean it’s currently somewhere below ‘finding matching socks’ and above ‘teaching the office toaster to play the ukulele’? It’s a mystery for the ages. 🧐

We will. Just need to prioritize it.

– Kaz Nejatian (@CanadaKaz) October 6, 2025

Board Moves And Company Size

Opendoor, as mentioned, is a rather large entity. They buy houses, mess about with them a bit (the ‘renovation’ bit), and then try to sell them for more money. Revolutionary, isn’t it? They’ve also had a bit of a leadership reshuffle, with Mr. Nejatian taking the helm and a couple of founders returning to the board. It’s all very… corporate.

Their size – a reported $6 billion, give or take a few decimal places and the fluctuating whims of the market – is apparently why everyone’s making a fuss. If a small shop said they’d accept Dogecoin, nobody would blink. But $6 billion? Now we’re talking. 🐕

Legal And Financial Context

Now, before you start picturing yourself swapping Bitcoin for a semi-detached bungalow, there’s a slight snag. Opendoor has a few… past issues. A $39 million settlement over some pricing disagreements. Nothing major, of course. Just the standard legal wrangling that comes with being a giant corporation. 💸

And then there’s the small matter of laws. Mortgage rules, closing procedures, money transmission, taxes… all sorts of things that might get in the way of suddenly accepting a cryptocurrency designed specifically to circumvent traditional financial structures. Awkward.

How Crypto Payments Might Work

The current theory – and it’s a very loose theory, mind you – is that Opendoor would accept your Bitcoin and then immediately convert it back into good old-fashioned dollars. Essentially, they’d be pretending the Bitcoin never existed. A bit like admitting you enjoy reality television. They’re unlikely to let the sellers take the bitcoin risk, naturally. That would be… irresponsible.

And as for which cryptocurrencies would be allowed, or whether you could pay with, say, half a Bitcoin and a slightly used NFT? Well, that remains to be seen. It’s all very exciting, isn’t it? Or terrifying. Depending on your tolerance for digital ambiguity. 🤔

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2025-10-08 07:20