The Bitcoin is being sold on behalf of the Belgian Federal government, which seized the cryptocurrency in criminal cases and is now cooperating with Wilsons’ Asset Recovery Department to dispose of the Bitcoin.
Major United Kingdom and Ireland-based auction house Wilsons Auctions is putting $125,000 worth of Bitcoin under the hammer later this month.
In an announcement on March 6, Wilsons revealed the auction will be hosted by Wilsons Auctions Dublin on March 24.
The auction will be unreserved, i.e. without a minimum price set for the winning bid.
First public online auction in Ireland
While Wilsons has previously sold off cryptocurrency in other auction formats, this month’s sale represents the first public online auction of crypto in Ireland.
Mark Woods, an asset recovery executive at Wilsons, said of the auction:
“The format has proven popular with our customers, who are able to bid online and purchase cryptocurrency from an established and trusted auction house instead of utilizing online exchanges, which can be a risky and daunting process.”
He added that Wilsons offers guidance to cryptocurrency novices, with the aim of enabling all investors to “participate on a level playing field.”
Woods struck a positive tone about the auction house’s recent collaborations with international experts, law enforcement and government agencies in the cryptocurrency field, noting that the strategy allows the auction house to remain “at the forefront” of developments.
1-2-3 sold!
Wilsons has revealed that bidders from over 90 countries world-wide participated in its auction involving crypto-assets seized by the Belgian government earlier this year.
The auction house also held a Monero (XMR) auction in January, selling off XMR seized by United Kingdom law enforcement, as well as multi-crypto asset auctions in fall of last year.
As reported, auctions have become a common means for governments and law enforcement agencies to dispose of seized crypto, as with the United States’ use of the format for assets from the Silk Road darknet marketplace.
Prestmit, A Platform For Nigerians To Buy Sell Gift Cards And Bitcoins
Due to the advancement of cryptocurrency and the widespread of gift cards in the Nigerian market, Prestmit, a Nigerian platform, now provides the absolute solution that gift cards and bitcoin enthusiasts within and outside the country have been looking forward to.
Talking to the CEO of Prestmit, the firm ensures that customers get credited in less than 5 minutes as the payment system is automated, adding that such feat has seen the two-year-old company boast of over a thousand daily transactions.
“We have observed that the best way to grow the business is in one word — trust. And over time, we have created trust in our existing and potential customers and given them assurance. As a matter of fact, we have built a large customer base over the past two years on Whatsapp and Telegram. Now we have set up an automated platform, it can only get better.” he says.
Users can now sell gift cards on Prestmit within 5 minutes, not limited to that, the innovative service also allows users to buy gift cards and pay in local currency or bitcoins. At the same time, users can exchange bitcoins, buy airtime and pay cable bills, all in one platform.
Best of all, the payment process on the platform is instant as it has partnered with financial institutions to send payments automatically, immediately as it is requested. This gives users a level of guarantee that they get to trade at any time and also receive payment instantly, without hassle.
Speaking at the launch of the new service in Lagos, the CEO said they would continue to do things differently, question the norms, come up with innovations tailored to make life easier for bitcoin and gift card traders in Nigeria.
Conclusively, this is a great development from the Prestmit team, judging by the arrangement of things, no one will be surprised if they take over the gift cards and bitcoin market in Nigeria soon.
