Unlocking the money held in the value of your home is not new, schemes abound across the UK, but here’s something completely different: buying a bit of house with Bitcoin.The appropriately named TrustMe says that it is a blockchain-enabled property exchange and land registry. This means, they say, that “UK property can become a globally tradable asset on a peer-to-peer platform which utilises blockchain technology. TrustMe, a blockchain applications company, is aiming to revolutionise the global real estate market by allowing the fractional trading of individual properties using ‘asset backed certificates’ on linked, Bitcoin denominated, global property exchanges.”TrustMe’s white paper, released today, details the launch of the TrustMe Property Exchange Limited and Blockchain Land Registry Limited, which will enable homeowners to trade shares (‘property certificates’) in their property on an open market as a new type of tradeable asset-class. Clients on the property exchanges will be able to purchase up to 49 per cent of the value of a property or residential home with Bitcoin or fiat currency, whilst the 51 per cent owner-occupier continues to live in and manage the property.Homeowners will be able to trade shares in their property on an open market as a new type of tradeable asset-class.”The first exchange will be rolled-out in London in October, with parallel TrustMe Property Exchanges launching shortly in Toronto and New York. TrustMe is due to announce other cities over the next 3 months and will establish regulatory compliance in each region it operates in.London is their first choice for the location of the initial exchange, as it is host to a buoyant £2 trillion property market and has well established property laws, rights and processes. The capital is already a popular location for many international investors seeking to acquire property, however, TrustMe™ also wants to ‘democratise’ ownership by removing the capital threshold that had previously restricted the owning of property to a privileged few. It wants to open-up the asset class using Bitcoin denominated, blockchain enabled, global property exchanges to make property investment an attainable global investment choice for the many, not just the few.Antony Abell, Co-Founder & Managing Director of TrustMe says, “The London property market, which has, for many people, long been prohibitively expensive, needs to be democratised. The TrustMe Property Exchanges will allow existing homeowners to unlock the value of their own house or properties and to use these assets as a form of stored liquid wealth, similar to a 30-90 day bank account, by trading as much or as little of their asset as they wish in an efficient, transparent and auditable manner.Abell continued: “It has only been the recent advent of the public blockchain that has enabled the trust that people need to be able to allow the most valuable assets that most will ever have in their lives to be leveraged in this way.”http://www.u-trustme.com/whitepapers.html antony abell bitcoin blockchain property blockchain-enabled property exchange buying property with bitcoin TrustMe August 23, 2017Sheila ManchesterWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Buy a bit of a house with Bitcoin previous nextProducts & ServicesBuy a bit of a house with BitcoinFirm sets up to trade UK property as globally-traded asset using Bitcoin.Sheila Manchester23rd August 201702,089 Views
Here at Blue Ridge Outdoors Magazine we’re always striving to stay abreast of the latest and greatest breweries in our craft beer-rich Blue Ridge region. Usually our research consists of drinking said beer whenever and wherever we can get our hands on it, but this week we’re taking our efforts a bit further by launching our 4th annual craft beer contest.This year, we present “State of the Hops“, an exciting online contest showcasing 64 breweries in North Carolina and Virginia made possible by the support of Nelson County, VA Tourism. Not only do these two states have the greatest number of craft breweries in our 10 state footprint, but they are also home base to the two offices of Blue Ridge Outdoors (coincidence?).In a bracket-style format, some of our favorite breweries and their loyal patrons will battle it out to see who rises to the top in 2016. The contest starts today and runs through Tuesday, August 2nd. Each bracket round lasts one week with voting ending at 9:00 am EST every Tuesday. Voting will resume at 12:00 noon on the same day for the breweries that advance to the next round, and you can vote once every 24 hours from any device! The champion brewery will receive an article on blueridgeoutdoors.com as well as exposure in the October issue of the magazine.So rally your craft beer loving friends by getting the word out and sharing the news that your favorite brewery is in the running!VOTE NOW!