One of Australia's oldest property sales companies, Forsyth Real Estate, is making a digital leap to try to keep up with international investors' passion for the Sydney market. The 115-year-old company has decided it will accept the virtual currency Bitcoin payments for deposits on the purchase of Australian property. Forsyth managing director James Snodgrass said accepting Bitcoin payments will make purchases easier and cheaper for foreign buyers.
Although Bitcoin is controversial and some governments forbid its use, Snodgrass said his company has explored the risks and is happy with the result.
