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Author Topic: Weak currencies: how can GLOBCOIN help  (Read 26 times)
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December 07, 2017, 12:57:00 PM

In countries with failing economic systems, is common to find weak national currencies whose value has been significantly depreciated. This “weakness” may include a high rate of inflation, deficits, exaggerated level of imports, and everything that comes with a poor socio-economical situation for a country.

Statistics show that citizens of countries with failing currencies in every part of the globe are turning to crypto for investment and wealth protection as they want to diversify from their home fiat currency. As they face financial crisis, they’re constantly searching for a better store of value.

We thought of a solution

While consumers access to cryptocurrencies is broadening rapidly, so is the market for a project like ours. GLOBCOIN is a very effective solution to avoid concentrating wealth in a few currencies whose evolution can be very negative, by providing a currency diversification that reflects the world economy (But always complying with local rules and regulations, and calling our users to do the same.)
How do we do it? We capture trends in the global economy through exposure to both developed and emerging liquid currencies. GLOBCOIN has run a successful currency basket for several years for a base of international clients who travel and who want to protect the value of their national currency or its purchasing power in the world economy, without speculating on one of the other currencies.

Case 1: Your national currency is on a weakening trend
GLOBCOIN will allow you to protect your wealth in case your national currency is on a weakening trend, causing your purchasing power to go in a downward spiraling trend. Today no banks are offering such a protection.

Case 2: Investing without currency risk
Let’s say you want to buy Spanish real estate at a favorable price but you do not want to take the Euro currency risk. GLOBCOIN enables you to transform the currency exposure linked to an investment and give it a neutral stance regarding currencies. Through the diversification of our currency basket, we have made it even less volatile than the Swiss Franc against major currencies.

Case 3: Even if your home currency is not weakening
Even if the home currency is not weakening you can use GLOBCOIN as a “Hedge” to an existing portfolio of investments for something “currency neutral”, something global, without having any currency bias. GLOBCOIN enables you to denominate a specific asset in another currency than the original currency.

Buying GLOBCOIN will also enable the crypto-community to protect the value of their portfolio with a basket that’s linked to fiat currencies, while staying in the cryptocurrencies ecosystem. This is perfect for many stakeholders, either waiting for investment opportunities in the cryptosphere or just wanting to freeze the value of part of their portfolio.
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