Weak currencies: how can GLOBCOIN help

In countries with failing economic systems, it is common to find weak national currencies whose value has been significantly depreciated. This “weakness” may include a high rate of inflation, deficits, exaggerated level of imports, and everything that comes with a poor socio-economical situation for a country.

Statistics show that citizens in countries with failing currencies all over the world are turning to crypto in an attempt to escape the crisis of their home currency.

We thought of a solution

While consumers access to cryptocurrencies is broadening rapidly, so is the market for a project like ours. GLOBCOIN is a very effective solution to avoid concentrating wealth in a few currencies whose evolution can be very negative, by providing a currency diversification that reflects the world economy (Always complying with local rules and regulations).

How do we do it? We encourage exposure to both developed and emerging liquid currencies. For several years, GLOBCOIN has run a successful currency basket for international clients who travel and who want to protect their purchasing power in the world economy.

Case 1: Your national currency is on a weakening trend

GLOBCOIN will allow you to protect your wealth in case your national currency is on a weakening trend, causing your purchasing power to go in a downward spiraling trend. Today no banks are offering such a protection.

Case 2: Investing without currency risk

Let’s say you want to buy Spanish real estate at a favorable price but you do not want to take the Euro currency risk. GLOBCOIN enables you to transform the currency exposure and gives you a neutral stance regarding currencies. The diversification of our currency basket makes it even less volatile than the Swiss Franc against major currencies.

Case 3: Even if your home currency is not weakening

Even if your home currency is not weakening you can use GLOBCOIN as a hedge for something “currency neutral” and global, without any currency bias.

Buying GLOBCOIN will also enable the crypto-community to protect the value of their portfolio with a basket that’s linked to fiat currencies, while staying in the cryptocurrencies ecosystem. This is perfect for many stakeholders, either waiting for investment opportunities in the cryptosphere or just wanting to freeze the value of part of their portfolio.

Written by: Eva — GLOBCOIN Community Manager