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Australia has been decidedly noisy in welcoming the cryptocurrency and the various challenges that derive from it. The year has been particularly busy; BTC news has revealed that several transactions have been approved between banks and cryptocurrency companies. Now, another newcomer on the scene wants to take a substantial part of the cryptocurrency cake.
Marlene Liontis has launched the House Coin cryptocurrency token as a way to provide Australian real estate investors with a faster means of trading. While engaging in bitcoin trading is faster and more efficient, this is also a great place to start for people starting in real estate. The currency will come out next year, with the goal of being millennial who are looking for significant investments.
Bitcoin AU reveals that although millennials have significantly greater savings than previous generations, they have very few properties to show for this. This is increasing house prices, making it almost impossible for them to invest in real estate. Many home buyers and investors have struggled with these prices for the first time. This prompted Marlene and her team, RealRenta, to establish the real estate cryptocurrency.
RealRenta manages Coin House in the same way as other cryptocurrencies related to real estate. Each coin represents a real estate property. By buying or selling a "utility token" from House Coin, buyers will be able to exchange small portions of real estate. All of this is done entirely via blockchain, eliminating the need for a bank's intervention or the representation of a property manager.
This is just a representation of how great cryptocurrency has become in Australia. There are other places, like Brisbane, that have been bitten by the Bitcoin bug. The local bitcoin startup TravelbyBit has received the green light from the Queensland government to deal with bitcoins. The Brisbane airport was the first to adapt to bitcoin transactions, where other plants are also followed.
Marlene and her team were ecstatic as they were the first to offer real estate shares with bitcoins. TravelbyBit, for its part, is proud to create digital transactions. The existence of these transactions only shows that cryptocurrency is slowly becoming the new norm and, in the future, it is not far-fetched to create bitcoin transactions between companies in the real world.
Bitcoin is here to stay. Expect companies like Marlene's House Coin, among others, to be the norm in real estate and other industries.
