Real Estate Investment In this Era of Cryptocurrencies

Not many years ago, some financial experts claimed that In US, only 1-2% of all form of money is actually the cash or physical dollar bills and coins. At first, the percentage may be shocking to you but when you think about it, you’ll know that today the percentage is even lower.

No wonder why.

With the rapid increase of credit cards, debit cards, Blockchain networks and cryptocurrencies to buy goods and services, the experts could not help but make that claim.

Alternative Sources For Real Estate Capital

Ten or twenty years ago, big banks and financial institutes showed their interest in helping buyers invest in real estate. Fast forward 10 – 20 years, today, the interest seems to have dimmed as the biggest capital sources started to move from real estate.

With the large financial institutions and banks shaking off their hands, buyers started to look for alternative private sources for funds like crowd funding platforms, real estate funds, hedge funds and all sorts of digital currency systems.

Cryptocurrencies on the Real Estate Industry

If you think enough, you will understand the total values of Real Estate is way bigger in number than the combined values of any and all physical or digital currencies, gold, silver, platinum, stocks and total bank deposit on the earth. So, investors, these days are not relying on physical cash only as they clearly understand how important it is to submit to digital currencies as a way to ensure diversity in financial holdings.

I know that it’s bit vague but the idea is there’s no way real estate can survive on physical cash only where Starbucks is accepting Bitcoins.

This is the era of digital currencies and Blockchain technology. Many Blockchain networks investors were successful in making a fortune out of their share as their shares started from cents to dollars to almost hundreds of dollars and now, tens of thousands of dollars. So, the source of capital for real estate investment needs to adapt.

The process of adaptation has already started as an online based international real estate marketplace; named Propy is allowing people to invest in the properties using digital currencies. They became the pioneer in this field as they officially transferred the deed and closed the deal using Blockchain currency. It was in South Burlington, Vermont but I can assure that it’ll spread all around the world, very soon and people of all sectors will realize the potential of cryptocurrencies, digital currencies, Blockchain.

Already the company had finished a deal that involved properties in Ukraine and the non-physical money, according to the CEO of Propy, Mr. Natalia Karayaneva. He also added that their system will be used for deals in Dubai and California very soon.

But the question is – will the deal in Vermont change anything for rest of the states or not? Also, how the title insurance, banks, agents, investors, and escrow companies will be affected by it? Will the process ultimately speed up? Will we see its mass acceptance in real estate? Only time can tell.

For more info, please visit : Charles K Carillo

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