Cryptocurrency and Ferrari Might Have Something in Common

(Newswire.net — January 19, 2018) Singapore, Singapore — Around 2007, the blockchain was born. The blockchain creates a public ledger for transactions to be recorded and verified without any government or central authority. While naysayers opine it’s not backed up by anything and the currency is purely digits in the cloud, that is not far removed from how we use currency today.

Don’t get overwhelmed by the technology.

When you swiped your credit card to purchase your last tank of gasoline, was that not digits in the cloud being registered on a ledger? The big difference is who controls the ledger. With your gasoline and credit card, it’s tied to your bank. Are the banks shipping boxes of cash between Amoco and your checking account?

Nope.

They are using a centralized blockchain environment and ledger. The biggest difference is the bank’s ledger is closed and backed up by U.S. dollars. A cryptocurrency is stored on a public ledger (with unbreakable encryption) and backed up by… well, nothing.

Until now.

HIGH RISK-HIGH REWARD

There are several ways to invest in this new technology. You can purchase cryptocurrencies directly by going to coinbase. Had you purchased $1,000 worth of bitcoin at the beginning of 2017, you’d have approximately $14,000 in ‘value’ today. Similarly for the popular Ethereum, which exploded from $10 to over $900 in a similar period of time.

When you purchase (or trade dollars) for a cryptocurrency, you are converting a liquid asset (cash) and trading it for another currency. Only this currency is not being widely used (if at all).

LOW RISK-LOW REWARD

The other method to invest in the blockchain is taken right from the pages of history. During the California and Alaskan gold rushes, the amount of broke and busted miners littered the landscape. Those who were wise enough to ride the wave without risk were the guys selling the gold pans, shovels and other services.

Many conservative investors are putting their money into companies that serve the blockchain or support the craze. According to CBS News, 97% of the world’s largest banks, 83% of the world’s largest communications service providers, and 80% of global retailers are serviced by IBM. Is big blue going to ride the wave of blockchain?

Absolutely.

If the blockchain collapses and cryptos go bust what will happen to your investment in IBM.

Probably not much.

LOW RISK-HIGH REWARD

There is a 3rd and elegantly simple way to invest in blockchain that captures the acceleration of this trend and provides three distinct “IBM” type advantages:

• Assets… secured by something tangible
• Performance… appreciating value over time
• History… a legacy of history that is proven.

One of the unique things about the blockchain is its elegantly simple structure. Bitcoin attached itself and proclaimed the first currency. That’s it.

Ethereum, on the other hand, saw the blockchain as a platform for other things such as contracts, software or even fractional asset ownership. Which brings us to one of the most intriguing new applications for the blockchain.

Bitcar.

BitCar is building the world’s first and largest exchange of fractionalized interest, tokenized Exotic cars with simple, direct and low-cost peer to peer trading. 

BitCar will allow Agents to source, acquire and underwrite Exotics to be added to the Platform. In short, you’ll be able to own a fractional interest in an exotic car.

Users will be able to browse the available Exotics on the Platform and acquire fractional interests using a combination of Cryptocurrency and BitCar tokens. 

This provides a product that is different, accessible to all and allows direct ownership interest in Exotics or Classic cars through the second order CAR token. This also gives BitCar users control over what they buy and allows them to use their own judgment and buy and sell Peer to Peer what they like.

Your cryptocurrency will be backed up not by a government or the emotional whims of the market, but by an asset that has outperformed stocks, private equity and hedge funds by a wide margin.

“BitCar is the first Blockchain platform in the world that makes exotic car ownership accessible to everyone, not just the uber-wealthy,” said BitCar co-founder Dr. Gov Van Ek.

BitCar is leading the disruption of cryptocurrency by including tangible, safe and appreciating assets to the blockchain. By allowing ownership of Exotics inside the network, everyone has a chance to participate and have an interest in them. 

The marriage of these two categories is truly exotic. With the proven upside of exotic cars and the decentralized blockchain environment, keep your eye on bitcar.io, they’re in the fast lane.

Ferrari… meet crypto.