SwissRealCoin promises to be a stable cryptocurrency platform backed by actual Swiss real estate. The cryptocurrency will allow investors from any part of the world to access Swiss real estate value. Money raised via the SwissRealCoin ICO will be placed in commercial real estate assets, a part of which will be used to develop the blockchain platform of the company including algorithms that will produce profit and decrease downsides.
According to the SwissRealCoin’s ICO advisor, Marc P Bernegger, the fact that real estate is used to back a cryptocurrency is “a very good choice” as it is set to produce “a real stablecoin”. Bernegger added that “Real estate is a very traditional and stable asset class.” He also explained that Switzerland’s economic fundamentals are extremely stable compared to other countries. Add in its low unemployment, positive GDP growth, liberal government, and low debt-to-GDP ratio, there is a high likelihood that such an environment provided by Switzerland will ensure that a stablecoin will flourish.
CEO of Crypto Real Estate AG, Brigitte Luginbühl, is now planning to expand towards other markets besides Switzerland. The company is planning to produce GermanRealCoin as well as EuropeanRealCoin – all of which are backed by a solid real estate portfolio. Luginbühl sees the high possibility of RealCoin to geographically grow.
Switzerland is fast becoming a worldwide hub for digital currencies. SwissRealCoin, for one, has its headquarters in Zug – also known as “Crypto Valley”. The country is also implementing regulation via its Swiss Financial Market Supervisory Authority to allow it to be “the world’s leading ecosystems for crypto, Blockchain, and distributed ledger technologies”. The Swiss Department of Economic Affairs head Johann Schneider-Ammann highlighted that the country is set to be a “crypto nation” partly due to its growing Initial Coin Offerings market.