Author

Topic: Who can benefit from a cryptocurrency like the GLX? (Read 67 times)

member
Activity: 476
Merit: 11
Taken from: https://medium.com/@globcoin_io/who-can-benefit-from-our-glx-and-other-currency-baskets-ea211049c5c3

Investors who need a stable, trusted and asset-backed Cryptocurrency.
Investors looking to protect part of their wealth. They can use GLOBCOIN as a hedge to an existing portfolio of investments for something “currency neutral”. For example, a Real Estate investor who may want to buy a property in Spain at a favorable price but does not want to take the Euro currency risk.

Token Sales or ICOs sponsors that wish to protect part the funds raised during the process. By converting the cryptocurrencies into GLX, they will protect the funding they usually need in fiat currencies for developing the project.

Residents of countries with weakening currencies or failing currencies. By providing a currency diversification that reflects the world economy, the GLX is a very effective solution to avoid concentrating wealth in a few currencies with negative evolution.

Cryptocurrency holders who are worried about the high level of volatility in the crypto world. They now have access to a coin that is even more stable than the Swiss Franc.

Expats or Foreign Students who constantly need to send or receive money in different currencies at the best rate.

Global Nomads, people with an international lifestyle not tied up to any specific country; commonly writers, teachers, artists, IT freelancers…. For them, digital currencies have obvious advantages, but specially the GLX offers more stability and protection for their savings in different countries and economies.

People on vacation or holidays, or anyone who likes to travel. Today the users of the Globcoin multicurrency MasterCard enjoy multiple benefits: They can load up to 6 currencies on the card, they can control their budget, access their account 24/7 from anywhere in the world. And the best part: NO EXCHANGE COMMISSION AND NO HIDDEN FEES. Now we’re working hard on launching a new Globcoin multicurrency card that will include the GLX (subect to obtention of regulatory approval) so that Globcoiners will be able to save money in a global currency.

Wealthy families. The notion of a single reference currency is too simplistic for them. They need a diversified currency basket, with weights corresponding to the currency composition of their liabilities and financial objectives. Each family must decide how best to manage its wealth and its own diversification plans.

Freelancers. Globcoin card will give them independence and freedom to receive payments from contractors around the world, and to move their savings anywhere, without borders and without impossible transaction fees.
Jump to: