[Featured Image: Rabbi Nathan Segal and Rabbi Yosef Segal accept and endorse Bankcoin Reserve (BCR) Digital Assets

By José Francisco Díaz Flores
Graduate in International Relations from UNAM
Trade and International Relations Link at EmpoderaMIA

Surely you have heard comments about people becoming millionaires by investing in digital assets, better known as “cryptocurrencies”. Let’s start by telling you that digital assets are virtual currencies that are created and stored electronically using mathematical calculations, making it difficult for fraud to be committed. They are used as a medium of exchange or a form of digitally stored value, and are not regulated by any government or institution.

They are safe, transparent, global, immediate, they do not use intermediaries and they have freedom of use.

Maybe you still have doubts since it is a new topic and it is not well known in our society. One of the most important questions everyone asks: Is it safe to invest in them? To find out, we must understand digital assets as a monetary system, that is, it does not have a value for the material they are made or for their physical utility .

An important point is that they are protected through encryption, which makes them a very attractive monetary method because it is difficult to alter or hack, as it is not controlled by a bank or government.

Keep in mind that with traditional currencies every time you want to make a transaction it is approved and carried out by a banking institution and that same organization could be fraudulent or could be cyber-attacked; This is why digital assets choose to use a decentralized transaction system known as Blockchain.

Why is its function safe?
First, each transaction that is made acquires a unique and unrepeatable code like a DNA and is recorded forever.

Second, the user network registers the operations virtually and immediately from many computers, which links them to the chain where the operations that have been carried out with this digital asset are listed.

For example, an accountant keeps records of a company’s business transactions, if this person wants to make a robbery, they could modify the data and not report one of the operations, this is known as fraud and would be difficult to verify. 

On the other hand, if 10 different people keep track of all the operations at the same time, fraud would be practically impossible, since each of them has a record that verifies what really happened and whoever has a different record would be lying; This is so since the Blockchain operates in a similar way, but with thousands of people and computers around the world monitoring and recording all the movements of these currencies.

A hacker circumvents the security of a computer, but it is impossible that he can do it with all the individuals who supervise a blockchain. This quality has made it a very attractive monetary system for making purchases and investments, worldwide.

How to acquire them?
At this time it is very easy to find companies dedicated to digital assets, but you have to be careful when doing it, it is important to contrast with each other since, like traditional financial institutions, they offer different advantages and disadvantages.

On the internet are the programs that you can install on your computer or Apps for smartphones or electronic devices, there are also virtual exchange houses where you can buy and even sell them.

Today there are more than 5 thousand digital assets and more than 20 thousand different types of markets; The pioneering brand was Bitcoin in 2009 by creator Satoshi Nakamoto.

How much does a digital asset cost? Their values range anywhere from a few cents to thousands of US Dollars, although you can also buy only what you need to make purchases, transactions, etc., (in partial amounts) and most can be used in multiple countries.

But … how does it work?
An example, you invest in a digital asset purse, which serves you to make transactions to your liking, this system charges by movement not by quantity, so if you make a transaction of 50 pesos or 25 thousand pesos it will be the same cost, even, you can make purchases online. The market that accepts payments with these assets is growing by leaps and bounds, such as real estate agencies, restaurants, universities, online stores, commercial stores, clinics, gyms, among others.

Bankcoin Reserve LLC is one of our international allies based in Florida, United States, and offers a transparent, stable and secure currency. Currently it is accepted in many establishments and online, it also finances humanitarian projects.

Bankcoin Reserve LLC is enjoyed worldwide by companies and individuals. BCR wallets have been downloaded in Mexico, Canada, France, Germany, Italy, United Kingdom, United States, United Arab Emirates, Israel, Japan, Ukraine, Indonesia, Singapore, Hong Kong, China, Philippines, Peru, Colombia, Bahamas, Seychelles, New Zealand, Australia, Kenya, Ghana, Thailand, Vietnam, India, Jamaica, Latvia and other countries.

If you need more information about Bankcoin Reserve LLC, go to www.BankcoinReserve.LLC or write to MEDIA@BCR.NEWS