Crypto on the rise
Unless you live under a rock, there is no doubt that you’ve been hearing all about Bitcoin, Ethereum and other cryptocurrencies.
In a not surprising yet equally exciting turn of events, the world’s first real-estate-backed cryptocurrency is on the horizon.
BrickCoin
BrickCoin, a blockchain financial platform backed entirely by the stability of Real Estate Investment Trusts (REITs), has revealed their dream of a “real estate-backed” global digital currency.
Their dream is to underpin an entire financial platform aimed at protecting individuals’ true wealth from the inflationary impact of FIAT currencies.
Quick break down
Key Aspects of BrickCoin:
1. A BrickCoin is a savings token bought with traditional currency or digital currency.
2. It represents an investment in a piece of commercial debt-free real estate and for many, their only opportunity to play a role in this market.
3. The real estate is held as part of a very secure, high-value, debt-free REIT.
BrickCoins are kept in a mobile digital wallet. All transactions are fully-managed, validated and trackable by blockchain technology.
4. BrickCoins can be converted into FIAT currency instantaneously.
Enemy of inflation
BrickCoin was created by Lucas Cervigni, a humanitarian entrepreneur because “Inflation levels are rising around the globe, chewing into real incomes and savings rates, the world needs a better, safer and easier way for ordinary people to save and protect their money from inflation.”
One of the biggest groups of people inflation affects is unbanked people, who account for a third of the world’s population – mostly in the emerging markets of Asia, Latin America and Africa.
In those places, inflation levels are extremely unpredictable, and the value of FIAT currency is unable to keep up with inflation, thereby resulting in the loss of their own money’s usable value.
However, Cervigni acknowledges FIAT uncertainty isn’t just a problem facing the unbanked.
“Savings accounts and fixed income interest accounts are not inflation-proof and are stuck at record low levels of interest. Complex investment products such as hedge funds are typically only available to high wealth individuals and require large initial investments and do not offer ready liquidity and are vulnerable to bankruptcy.”
The fix
Cervigni’s solution is to create an asset-based cryptocurrency that replaces the vulnerabilities of the current FIAT currency system. That replacement combines the safety of a real estate investment with the liquidity and performance of a cryptocurrency.
BrickCoin represents the future of savings and financial stability.
“By comparison, debt-free real estate has and always will have intrinsic value, much as the old gold standards did. We plan to use this to create a new inflation-proof, secure but flexible mechanism for ordinary savers to protect their wealth,” continued Cervigni.
Brickcoin’s REIT-backed coins will enable anyone to convert their FIAT currency into a stable and protected digital currency that not only grows in value, but helps more people to grow their usable savings which in turn better supports global economies.
Good for everyone
Ultimately, Cervigni wants individuals to be able to exchange part of their FIAT money into BrickCoins so that, if or when they choose to convert them back into FIAT money, they will regain the original value saved in full, plus any growth.
“We want to help them to fight the inevitable devaluation of FIAT currencies and store their wealth safely for the future.”
#BlockCoin
