Brickcoin A Cryptocurrency Backed By Real Estate Investment Trusts REITs
Lucas Cervigni Founder of Brickcoin is On a Mission.
We met Lucas last year in Argentina at LaBitConf. He has a passion to use Cryptocurrency and Blockchain technologies to change the world for the better. If you have not read his book, "Blockchain in Practice: A Simple Introduction for Professional People." it is available in English and Spanish.
BrickCoin is the product of over a years work to provide access to an asset that can help the unbanked protect their buying power. We all know inflation is eating up savings around the world and in many countries inflation is out of control like we see in Venezuela and recently Argentina.
“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,” - Lucas Cervigni
Lucas is creating a vehicle that will protect your buying power through the use of Real Estate Investment Trusts (REITs) yet has the liquidity of a CryptoCurrency. The idea that a CryptoCurrency could be backed by a regulated industry like real estate will give owners of BrickCoin piece of mind. Never before have the unbanked had the opportunity to invest in mortgage free real estate. Now they can no matter how small the investment.
“We want individuals to exchange part of their FIAT money into BrickCoins so that, 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,” - Lucas Cervigni
Key Aspects of BrickCoin:
- A brickcoin is a savings token bought with traditional currency or digital currency.
- 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.
- 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.
- Brickcoins can be converted into FIAT currency instantaneously.
Download the Brickcoin WhitePaper Here.
Lucas Cervigni and BrickCoin are clients. Please learn more about this project. @AnaHilarski and I will be bringing you regular updates.
Thank you @hilarski! :)
That's great post. loved your visionary. Yes, crypto is coming big that you cannot imagine. Be ready.
A very interesting idea. I am also a real estate investor; this is merging two of my favorite investments and you mentioned a third favorite of mine as well.
What is the third one @Dantethegreat?
You mentioned precious metals in your article. You and I seem to think very much alike from what I gather from your article. I have often considered relocating to an area like Costa Rica, Panama, Uruguay, or New Zealand as well. Following you now.
Awesome, I cut my teeth in Precious Metals and moved to Crypto in 2014. Latin America is amazing.
Well, given we all know I'm a real estate investor I can certainly get on board with this! Thanks for sharing it out.
Hell ya Hilarski! Thanks for sharing this! I just downloaded the white paper now!
@hilarski never fail. Love reading your posts. Thanks for this checking it out.
"Son, stocks may rise and fall, utilities and transportation systems may collapse. People are no damn good, but they will always need land and they will pay through the nose to get it." - Lex Luthor's father
Another great idea for blockchain. I look forward to the next update. thanks,
Me too and I am thrilled it will be focused on the unbanked.
Very good post!!!
interesting way to invest in the market!
Real-estate backed cryptos? I've heard of goldsilver backed cryptos but this is new to me. Amazing idea! Thank you!