Gabriel Scheare has just returned home from spending seven years in Chile where he was working on a real estate project involving cryptocurrency, but it’s not his first foray into the digital trend. In 2013 he was one of the men responsible for the world’s first cryptocurrency kiosk in Vancouver.
Scheare says there was even media attention from Japan as the story spread quickly.
“My friend was in Taiwan at the time. He came back from his travels and gave me a Taiwanese newspaper and the Sunday front page had me on it,” Scheare said.
Cryptocurrency, such as Bitcoin, is transferred through a peer-to-peer network, and transactions appear on a public ledger that is accessible to all who use the currency.
Scheare said his work in Chile was among the first of its kind. He see’s it playing a large role when it comes to similar projects that require money crossing through countries.
“It shines very well in situations like that, where you’re selling to international buyers and there are people moving from all different jurisdictions all over the world and they’re coming down to a central location,” Scheare said.
According to Scheare, the world is due for financial advancement, and the rising popularity of cryptocurrency means big changes could be coming to the way the world deals with currency.
“We used to have the printing press and the written word and carrier pigeons and all that stuff. Then we had telegrams. We’ve kind of been stuck in the financial equivalent of telegrams for quite a long time,” Scheare said.
Scheare said kiosks have done a lot in terms of making cryptocurrency more palatable for the common person.
“There’s something about a tangible, physical interface that people can relate to I guess, it’s something familiar, whereas crypto is sort of an abstract, intangible, ethereal thing that’s very conceptual,” Scheare told CTV.
Scheare acknowledges that the concept of crypto can be a bit overwhelming at first, but he believes anybody on the fence should just give it a go and see how they like it.
“Just try it, just buy a very small amount. You can buy five bucks work and play with it. Just download a wallet to your smartphone, experiment by trading it back and forth for different crypto’s, maybe send it back and fourth between a couple wallets.”
Scheare believes the privacy that cryptocurrency can provide can be useful when looking back at times when he believes governments overstepped their bounds.
“The idea that you can just directly attack someone’s account without their consent and things like that, it makes people start to wonder ‘well maybe this isn’t the best way of doing things, maybe there’s a better place to sock away my rainy day fund,’” he said.
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