On the 22nd June 2018 Ecryptostore announced the first transaction of a share of land paid in Bitcoin and Ethereum to a merchant on the crypto ecommerce platform.

Ecryptostore.com is an ebay style peer-to-peer platform where buyers and sellers can choose either crypto and fiat. Recording its transactions on the platform with the powerful NEM-blockchain, Ecryptostore and its native token Free Market Token (FMT) have been developed by an experienced Australian team, led by Nathan Burns, Austin Lewinsmith and Rafael Bergola, to address the deficit of an ecommerce blockchain solution.

The share in the development, sold on Ecryptostore.com, is part of a proposed 3,500 acre holistic community development currently listed for sale by Nightcap Realty. It is located between the Gold Coast and beautiful Byron Bay in NSW, and is close to the local townships of Uki and Nimbin.

“Nightcap Village is now positioned to be the world’s largest eco-community village” the developer said.

The sale price is equivalent to AUD $155,000 and is to be paid through the Ecryptostore.com platform, in Bitcoin and Ethereum, into the Nightcap Realty Trust Account.

“We are excited to help facilitate a smooth transaction of Bitcoin and Ethereum and to show how easy it actually is. We believe that this is possibly the first genuine realisation of multiple cryptocurrencies to purchase a share of this nature, and it has been achieved via Ecryptostore’s platform. It paves the way for many future property transactions with cryptocurrency on Ecryptostore.com.” said Nathan Burns, Co-founder of Ecryptostore and Free Market Token.

Free Market Token is currently in the presale round of their token sale that will fund the expansion of the already functioning and successful Ecryptostore.com as well as other utilities of the FMT token.

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