The Emergence of Cryptocurrency - Scarlett Invest - Episode 55

Coffee with Samso Episode 55 with Barry Moore, General Manager and Director of Scarlett Invest

Time to start thinking about currency diversification?

The world of cryptocurrency is one that seems to divide our thoughts when it comes to investments. I am was involved in several ICO (Initial Coin Offering) three years ago when it was all happening. Money was being raised for all sorts of projects which I suspect are no longer in the marketplace.


With the uncertainty of credibility, the world of crypto was plunged into deeper space of mistrust when the pricing of all the coins started to fall back. The darling of the crypto world, Bitcoin, was leading the pack downwards into a world of darkness.

In the recent months, the revival has been short of spectacular and we are seeing many "credible" sources embracing the crypto world. Paypal has declared their association with the use of digital currency in allowing the process of using bitcoin on their platform.

In this episode, we talk to Barry Moore who is a local Perth entrepreneur promoting the use of cryptocurrency and creating a crypto-exchange where coins can be traded and flow into our "normal" marketplace.

The digitisation of currency is here to stay and it will revolutionise the way we use cash. We will have more control on money transfer and the use of currency.

Most people would find this a new concept but I assure you that this is no longer a new story. This is a developing story that has taken a firm foundation internationally. The use of crypto is now mainstream and is without a doubt her to stay for us to use and invest.


Please take the time to watch and do yourself a favour and seek more research. This is the start of a new revolution that will be looked upon from the next generation as a game changer in investment styles.


About Barry Moore

General Manager and Director

Experienced algorithmic crypto trader and a machine learning evangelist.
I’m focusing on the logic behind the combination of analysis tools, neural networks and genetic algorithms for optimization. Always wanted to have a trading bot with more features but never had the time to build a solution beyond basic python technical analysis tracker.


About Scarlett Invest

Scarlett has mostly been concerned with listing and connecting buyers and
sellers. However, The Scarlett with the help of blockchain introduces new
ways to trade real estate and can enable trading platforms and online
marketplaces to support real estate transactions more comprehensively. Scarlett
has launched its own ERC20 token that uses blockchain technology to facilitate
real estate and rental property transactions. By tokenizing real property, assets
can then be traded much like stocks on an exchange and transactions can be done
online. Scarlett allows sellers to tokenize assets, essentially handling it like a stock
sale, and liquidating that asset through a token sale using the platform. The
collected tokens can be exchanged for fiat currency, with buyers owning a
percentage stake of the property and its rental returns.

No Intermediaries:
Brokers, lawyers, and banks have long been part of the real estate ecosystem.
However, cutting out the intermediaries will result in buyers and sellers getting
more out of their money as they save on commissions and fees charged by these
intermediaries. This also makes the process much quicker as the back-and-forth
between these middlemen gets cut.

Liquidity:
Real estate has long been considered an illiquid asset since it takes time for sales
to conclude. This isn’t the case with cryptocurrencies and tokens since they can
readily be traded for fiat currencies through exchanges. However, as tokens, real
estate can be readily traded. A seller doesn’t have to wait for a buyer who can
afford the whole property in order to get some value out of their property.



Samso:
https://samso.com.au/
https://samso.com.au/insights-from-samso/
https://samso.com.au/category/coffee-with-samso/

Follow me!
https://www.linkedin.com/in/noel-ong-a410759/
https://www.instagram.com/samso_insights/
https://www.facebook.com/samso.com.au/
https://twitter.com/Samso_Insights