According to WalletHub, a personal finance site, New England is home to some of the safest cities in the nation. Using 35 key indicators of safety, analysts have compared over 180 cities and scored them in four separate categories: overall safety, home and community safety, financial safety, and natural disaster risk.
The cities of Nashua, NH, South Burlington, VT, and Warwick, RI, were rated as the safest overall and took the top three spots on the list respectively.
Warwick was rated second in terms of home and community safety, South Burlington was rated seventh in terms of financial safety, and Warwick was rated seventeenth safest in terms of natural disaster risk.
Boston is rated as the 133rd safest city. It was ranked fifth in terms of fewest traffic fatalities per capita and fourth in terms of lowest percentage of uninsured population but was tied for last in terms of most hate crimes per capita.
Cryptocurrencies like Bitcoin are new electronic cash systems that are completely decentralized with no server or central authority. Bitcoin and other cryptocurrencies advocate that blockchain technology is the key to a secure monetary future. By providing unique access codes, secure transactions can take place from almost anywhere in the world and the blocks of code will create an incorruptible record of each transaction and access point.
This is relevant to the real estate industry because it would allow buyers to provide secure funds in a relatively short amount of time.
According to Bitcoin, there are several advantages of using their form of cryptocurrency. Users can make or receive payments regardless of location or time of day. Transfer fees are cheaper because they are not based off of the total amount of funds being transferred. Since private consumer information is not included in the transaction records, transactions are more secure.
Users can also add layers of protection to their crypto assets by using two factor authentication and alternative backup methods.
The real estate industry is slowly starting to accept Bitcoin and cryptocurrencies because of these advantages. The International Blockchain Real Estate Association is a member-focused advocacy, educational, and trade organization dedicated to implementing blockchain real estate.
According to their website, cryptocurrencies can “reduce costs, stamp out fraud, speed up transactions, increase financial privacy, internationalize markets, and make real estate a liquid asset”. Some luxury homes for sale are already being listed on MLS’ with cryptocurrency price tags and some landlords let renters to pay with virtual currency because landlords do not have to worry about checks bouncing and funds clearing after a day or two.
Blockchain technology is not without its own challenges. Cyber fraud has resulted in the loss of tokens worth millions of dollars. Many sellers currently do not accept Bitcoin and other cryptocurrencies because they have little to no experience with them. Currency volatility has always been an issue and new cryptocurrencies are being invented on a regular basis. Despite these drawbacks, more and more real estate opportunities are beginning to welcome blockchain technology.