Pre-pandemic, cryptocurrency had already begun to skyrocket in popularity as well as value, however, long periods of lockdown in conjunction with more free time has allowed demographics the likes of which were unable to previously research and get involved with crypto to understand the phenomenon, driving prices and popularity even higher. It is possible that you are not familiar with the concept, and in as few words as possible, a cryptocurrency is a digital currency that is coded specifically to ensure the encryption of data and security of any transfer. These currencies are volatile as many holders use them as investments as opposed to a source of payment, yet, with more traction in mainstream society, this could become a changing habit in the years to come as industries expand their methods to facilitate the use of crypto payments.
In today’s article, we will cover not only an interesting eco-friendly cryptocurrency project to keep an eye on in the remaining quarters of 2021, but also an unusual use of the decentralised currencies that is already on offer, specifically, the role cryptocurrency has in immigration. If you are an interested potential investor, perhaps these ideas can provide an alternative opportunity, with returns that are not solely monetary.
BitGreen: An opportunity for environmentalists
The first investment we will be looking into is BitGreen, a cryptocurrency with a mobile app that is currently unreleased but expected later this year. The unique element of this option is the environmentally sustainable focus of the development process, which we will get into more detail below. The name is immediately captivating as it is reminiscent of Bitcoin, arguably the most well-known cryptocurrency on the market. It has been said that BitGreen is the environmentally friendly response to Bitcoin, which has been publicly described as having numerous environmental impacts, therefore making BitGreen an attractive choice for prospective investors, given the climate change activism wave being seen worldwide as the threat of global warming increases.
As we touched on above, the benefits of this cryptocurrency are seen in its commitments to sustainability, namely in its low-energy algorithms which make the system more efficient to maintain. When this is coupled with the fact that it is built to be accessible and there is an underlying incentive element of the currency, such as the ability to earn it by taking part in environmentally friendly activities like volunteering, the health of the globe for future generations to come becomes the main objective, making the potential returns go beyond physical profit.
Turkish citizenship: For crypto investors looking to relocate
It is of course possible that you already invest in cryptocurrency, and if you are not looking to diversify your portfolio, but rather understand and explore the ways you can spend your investments, look no further than the Turkish citizenship programme. As we spoke about earlier, cryptocurrency dominating global headlines for various reasons has allowed it to become a point of interests for governments and industry the world over. One instance of this is Turkey, where citizenship by investment has existed for quite some time. Citizenship by investment involves the purchasing of a second passport, where the investment is either capital or in real estate. In Turkey both of these are valid options, however, there is now an option to complete your investment in cryptocurrency, which not only makes the transaction more secure, it is also faster and more stress free as a process. Money is also saved this way as there are no additional transaction fees, though there are also other benefits to this scheme, such as:
1. 2-month processing time between investment and receiving passport
2. Visa free entry to 115 nations
3. Option to relocate and open a business in the US due to USA E-2 investor visa eligibility
The returns from this form of investment also exceeds monetary benefit, allowing for investment in yours and your family’s future, with real estate investment starting at USD$250,000 or a capital investment of USD$500,000, the rates are competitive and the ability to use cryptocurrency only makes it more exciting.
So, if you are interested in finding out more about either of the options we have explored today, please get in touch! At Creimerman, we believe in making the world a global community, and we thrive on assisting our clients from across the world in helping make their cross-border ventures a success, and we would love you to be the next.