Real estate might sound very complicated and vague to many of us. All these people trying to buy and sell things can confuse us in the beginning. It is not quite hard once you get to understand the basic terminologies and the concept of the real estate investing. Say for example you are trying to buy a property but you are not sure what to buy or where to buy, and the costs may confuse, so you can consult the people called real estate agents who will help you with the purchasing of property.
What is Real Estate?
The term real estate refers to the property, Building, land and any other resources which are present on the farm like crops, mineral, the air above it or the water in the area, etc. Real Estate Business deals with the process of buying and selling properties.
All these buying and selling of property deals with the cash transaction, and we have a lot of trouble dealing with these transactions. The banks might take commissions, or some third party may require some money. Many businesses all over the world face such difficulties in various operations. To our rescue, we have the top trending topic in the world which are the Crypto coins.
Crypto Currency In Detail:
Crypto currency is becoming very prevalent these days. Their values are growing on a vast scale as it provides you with the convenience that real money does not provide.
Virtual money also called as Digital currency is a kind of a digital coin that you can send over the internet, these coins represent values that are not issued by the banks or governments, but is accepted by people as a means of payment or services.
Digital currency has many advantages as compared to other money transactions. Traditional banks charge fees to process transactions, this increases the cost of everything you buy. Digital currency can be sent to person to person, Business to Business without going through a bank. There is no transfer through banks, no transaction fees needed, your account does not freeze, and there are no arbitrary limits.
The Crypto coin in Real Estate:
The Crypto coin used for the real estate transactions is Brick coins. Block chains underpin the Brick Coins and backed by the REIT (Real Estate Investment Trust). The REITs invest in properties and exchanges are made with stocks. The brick coins are managed and tracked by block chain technology. Many people have started to invest in crypto currencies.
Some of the other companies which provide crypto currencies for real estate investments are:
Rex (Real Estate Revolution):
The REX functions on the Eutherium blockchain. REX will save your time administrative costs. The architecture built in such a way that REX can connect the vendors, buyers, and sellers.
A unique token ID created for every property gets listed in the real estate. The token id will have the record of the prices, rentals, income, etc. When you buy these tokens, you are buying the property.
Bit Property Company is aiming to be one of the top companies in the Real Estate crypto transactions.Read More