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March 29, 2022, 02:30:20 AM |
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GC(USD), the stablecoin on Genesis, is an important hub for crypto trading on the national crypto exchange of the Republic of Ghana. In addition to anchoring the commodity trade settlement system, it will be an important way to carry future real estate and land transactions in the West African country. GC, as a current digital asset, is also relatively free and has the following main characteristics.
1.Wide Circulation
It can be widely circulated around the world and can be traded by anyone, no matter where they are.
2. Exclusive Ownership
GC has an exclusive private key, which can be isolated and kept in the storage medium, and no one can access it except the user himself.
3. Low Transaction Fees
Each transaction on-chain has a very low fee, encouraging more people to participate to ensure faster execution of transactions.
More countries are about to use Genesis public blockchain technology to have purchase contracts and real estate certificates “on-chain”, which will not only simplify the process of signing and notarising, but also make it easy to trace and check real estate certificates afterwards. The entire property market will also become freer to circulate.
The use of GC(USD) to buy property and land is just the beginning. In the near future, Genesis will have a huge impact on the global real estate model. The token economy, in turn, will also become more imaginative with the development of blockchain technology.
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