The investment migration industry offering residency and citizenship through real estate investment is set to benefit from the newly launched crypto currency ‘Citizenship coin’.
Citizenship coin (CTZ) is a newly launched digital crypto currency for the CBI/RBI industry. Crypto currency market cap is set to hit $1 trillion in 2020 and early crypto investors have become self made millionaires seek citizenship/residency by investing in real estate. Direct investments from Crypto market into property market will give the much needed boost for the real estate sector using investment migration programs to attract investors.
The use of cryptocurrency in real estate is a very interesting concept, as crypto coins can be directly sent from buyer to seller without involving brokers or intermediaries who are paid commissions and some agents sell at vastly inflated prices causing potential loss to unsuspected buyers. A robust, low cost digital blockchain payment system, makes it cheaper and easier for potential property buyers.
Real estate agents and property developers can accept citizenship coins to process large volume of payments, with cheaper transaction costs and faster payment processing using the blockchain technology. The value of one citizenship coin is currently pegged to euro at initial launch and coins can be exchanged to EUR fiat currency for a small 1% conversion fee. For example to send or receive 100,000 citizenship coins, equivalent of 100,000 euros will incur a transaction fee of 0.1 CTZ as a commission.
Some property sellers already accept Bitcoin/Ethereum in United States, Dubai and in EU countries but penetration and use of cryptocurrency in $1 trillion real estate market is still slow and expected to pickup in future years.
Citizenship coin is crypto-friendly and freely exchanged with other currencies such as Bitcoin, Ethereum, Ripple and Litecoin at the current market price. Citizenship coin transactions are complaint with KYC/AML rules.
Since the value of citizenship coin is pegged to Euro
- 1 CTZ = 1 EUR
- 1 BTC = 5500 EUR and 1 ETH = 330 EUR (todays rate)
- 1 BTC = 5500 CTZ
- 1 ETH = 330 CTZ
So essentially at todays rate, you can buy/sell 5,500 Citizenship coins for one bitcoin or 330 Citizenship coins for Ethereum.
The most popular investment migration programs which requires real estate acquisition are:
- Portugal Golden visa €350,000
- Greece Golden visa €250,000
- Cyprus Citizenship Program €2 million
- EB-5 in the United States $500,000
- Malta Residency and Visa Program €275,000
- Investing Caribbean Real estate for Citizenship (Dominica, Grenada, St Kitts, Antigua, St Lucia) starts from $300,000
Promoters of real estate and agents who are interested in accepting new Citizenship coin, please contact us at info (@) citizenshipcoin.org or visit https://citizenshipcoin.org
Image credit: https://www.flickr.com/photos/zcopley/
