Block by Block: Blockchain technology is transforming the real estate market

Property is the world’s single largest store of wealth, and if the cryptocurrency and blockchain world is seeking an express route to mass adoption, it could do worse than partnering with the real estate industry. 

According to a September 2021 report by Savills World Research, the estimated value of all the world’s real estate stands at $326.5 trillion. By comparison, crypto-sector market capitalization was about $1 trillion in mid-July. 

The property market, moreover — at least its commercial real estate segment — is also characterized by costly entry barriers and asymmetrical information that favor insiders. Its fees are high, paperwork onerous, and deeds are sometimes defective, falsified or missing. Some properties can take years to move — another way of saying its market is illiquid. All in all, it isn’t surprising that many believe this market is ripe for disruption, particularly through blockchain-enabled tokenization. 

This notion of tokenizing real estate isn’t entirely new. As far back as 2019, for example, a 6.5-million-euro villa in Boulogne, outside Paris, was tokenized. One million shares were put up for sale on the Ethereum blockchain, the first property in France ever sold as a blockchain transaction. An individual could have purchased a part of the luxury villa for as little as 6.5 euros.

Will everything be fractionalized?

Last year’s nonfungible token (NFT) breakout — and real properties are nonfungible, i.e., not interchangeable — along with some more supportive regulations, like Regulation Crowdfunding (Reg CF) in the United States, have trained the spotlight more squarely on crypto and property partnerships. This year’s metaverse hype, including Yugo Labs’ record-breaking virtual land auction, has not discouraged activity in the real property world, either. 

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This feature article by Andrew Singer was originally published on Cointelegraph Magazine (July 22, 2022).

Two thirds of Southeast Asians keen on crypto for payments

A Southeast Asian payments survey commissioned by Visa shows the increasing shift to a cashless society. Two thirds of survey respondents showed an interest in using crypto for payments.

Photo by Worldspectrum on Pexels.com

Cryptocurrency for payments

Visa canvassed a willingness to use cryptocurrency for payments, with almost two thirds of Southeast Asian consumers saying they’re interested. Leading the group was Thailand, with an 85% interest in crypto for payments, followed by Vietnam, the Philippines and Indonesia. While Thailand might be the keenest on crypto for payments, it imposed a ban on using digital assets for payments in March of this year.

Continue reading here.

7 Best Movies about Cryptocurrency to Watch in 2022

It has been more than a decade since the birth of cryptocurrency. Its popularity has not died down since and surprisingly continues to climb. The influence of cryptocurrency has been increasing in the last two years especially after the Bitcoin price managed to soar high. This phenomenon automatically triggers many people to shift to crypto investment despite its extreme volatility. 

movies about cryptocurrency

Actually, the crypto frenzy doesn’t just happen on social media or in news headlines, a number of movies and documentaries about crypto have started popping up too.

For those of you who are new to crypto, this cultural production will help you understand the history, types of currencies, and the future of cryptocurrency in just a few hours

Read full article

No Secret: OneRepublic frontman loves crypto

OneRepublic became the first major-label U.S. act to accept Bitcoin in full payment for a show.

OneRepublic frontman has spent the last four years being fairly obsessed with cryptocurrency.

In a recent interview with Variety, Ryan Tedder revealed he has written an original song, which only a handful of people will have access to. The  song is “Nakamoto,” after Satoshi Nakamoto,  the “one” that invented Bitcoin and the blockchain technology. The song is about the NFT space.

In this project, the band collaborated with Bustart, the Swiss Graffitipop artist. The resulting work evokes happiness, irreverence, & animated nostalgia in a celebration of the joy found as a child watching Saturday morning cartoons. The official collectibles were made available on his website last April.

Tedder has been invested in cryptocurrency since early 2017. He believed that crytpo and even more so blockchain, was the future of commerce, economy, buying, selling, finance – how we interact as humans, creating a transparency in every transaction.

My band and I are so happy to be a part of something that we believe is, without question, the future of how payments are transacted for unlimited amounts of assets, performances, services, purchases, music, etc. around the world. 

Ryan Tedder, One Republic

Tedder‘s interest in evolving technology is even more apparent as OneRepublic became the first major-label U.S. act to accept Bitcoin in full payment for a show. An acoustic concert at a historic theater  in Austria last Nov. 16. According to reports, OneRepublic used the Strike peer-to-peer bitcoin payment app to accept payment for the gig, which reportedly had been sold out in a matter of minutes after going on sale.

In a statement Tedder said, “My band and I are so happy to be a part of something that we believe is, without question, the future of how payments are transacted for unlimited amounts of assets, performances, services, purchases, music, etc. around the world.  Whether it’s artists using NFTs to fund albums with their fans or bands being paid for concerts in crypto, music & tech go hand in hand. With that in mind, it only made sense for us to take the next logical step. I also have an upcoming private concert in December I’m planning on taking Bitcoin for.”

Read full story here: Variety

Are Filipinos ready for a cashless economy?

In the Asia-Pacific region, the Philippines saw the most remarkable change in e-cash adaptation during this pandemic.

A survey conducted by research agency YouGov for international cybersecurity firm Kaspersky showed that before COVID-19, Filipino working professionals had the lowest use of digital payment methods at 63% among 10 countries in the Asia-Pacific region that were surveyed. The average in the region was 85%. When the pandemic kicked in, the Philippines registered the highest number of first-time users of digital payment methods at 37%. The average in the region is 15%.

The Philippines is followed by India (23%), Australia (15%), Vietnam (14%), Indonesia and Thailand (both 13%) and Singapore (11%).

The pandemic definitely sparked the fast swing to digital modes of transactions that experts are predicting to become more dominant than cash. Survey respondents from the 10 countries cited various reasons for embracing digital payments: 45% said it allowed them to stick to social distancing. Thirty-six percent said this was the only way to do monetary transactions during lockdowns. Twenty-nine percent believed digital gateways are now more secure than they were before the pandemic.

Ultimately, what do these numbers tell us? What can we do with this information?

First, the data proves that Filipinos are adaptable, and are fast realizing that “fintech” is not a fancy term only for the moneyed and tech-savvy entrepreneurs to use. It is, instead, a powerful productivity tool that is very useful and relevant in our everyday life.

“COVID-19 really accelerated digital adoption among consumers especially in the areas of e-payments and e-commerce,” said Yoly Crisanto, Senior Vice-President, Chief Sustainability Officer and Head of Corporate Communications of Globe, during our recent virtual town hall on digital readiness organized by Stratbase ADRi.

People have now embraced e-payment platforms for buying and selling. Also, the proliferation of applications or digital apps is something that Filipinos are now readily adopting, most especially the micro and small and medium enterprises whose physical outlets were disrupted by these long and recurring lockdowns.

Second, the government and the private sector must foster a stronger partnership in bringing about a digital transformation of all sectors, update obsolete bureaucratic blocks with enabling developmental policies, and seriously invest in digital infrastructure to ensure that users anywhere in the archipelago will enjoy the same quality of connectivity. In short, no one should be left behind.

Third, people are becoming more mindful of the risk attendant to the increased use of the internet in their professional and personal settings, and these risks should be effectively addressed if we are to continue on this path toward digital readiness.

One thing is clear in all this: Digital readiness is as much about people as it is about tools and technology. The advances in technology, designed to make our lives easier and more productive, must be complemented by a people-centered mindset specifically focused on the users and how they can cope with the dynamic changes while also protecting themselves.

Filipinos are again demonstrating their ability for fast change and innovating with the dynamics of the times regardless of the slow velocity of government. Even as the country needs to catch up with the global pace of digitalization, our people are using what they have and trying to learn as fast as they can on their own. If we are to venture successfully into the emerging digital economic system, our next leaders must be champions of digital transformation as a strategy for recovery, inclusive growth, and global competitiveness.

Read full story here: bworldonline.com

THE CASHLESS ECONOMY: Are we ready for it?

The coronavirus outbreak became a catalyst for the popularity of cash-free payments in many countries.

More than a decade since the world’s most recognised cryptocurrency – Bitcoin – was introduced, we are witnessing an unprecedented growth in the market today. With over 6,000 cryptocurrencies in existence, the combined value has breached the $2T mark.[1]

There are telltale signs that mainstream acceptance is closer than we think as cryptocurrency finds its way to public consciousness. Business tycoons, Hollywood celebrities, big-name athletes and influencers have now chosen to accept it as part of their wages or include it in their financial portfolios. Some Fortune 100 companies have begun embracing blockchain. And payment giants can no longer ignore the demand for crypto payment as a method.

No doubt, cryptocurrencies are bound to change the way we live. This is no more evident than in how we do our day-to-day financial transactions. As we live in a fast-evolving digital world, blockchain technology is changing the landscape of the traditional financial system. And crypto is likely to play an important role as we move closer to becoming a cashless society.

The pandemic effect

Alongside the growing interest in cryptocurrency and blockchain, the coronavirus outbreak became a catalyst for the popularity of cash-free payments in many countries. And for good reason. Several studies have long proven that cash is a public health risk. As bank notes and coins are commonly passed around, disease-causing germs and virus can easily be transmitted form one person to another.

That’s why long before the advent of covid-19, many have been advocating contactless cash-free transactions. And in light of the global campaign to end the pandemic, many heeded the call and started to minimize the use of cash. Hence, the inevitable rise of cash-free payments.

In 2020, a study from UK FInance shows a 35% drop in cash transactions. About 83% of their consumers now use contactless payments.[2]  Some countries in the European Union are urging their citizens to reconsider their attitudes toward cash, as necessary protective measures to end the pandemic have been put in place. According to the German Credit Agency, more than half of the payments currently made in Germany are contactless, compared with 35% before the pandemic.[3] By 2023, Sweden is poised to become the first truly cashless society.[4]

This mainstream adoption of cashless payments has also paved the way for the unprecedented increase in the use of digital wallets. When Google released the world’s first major mobile wallet in 2011, it took quite some time before consumers warmed up to its potential. But by 2020, mobile payments have grown faster than any other payment method. Today, as more innovations like QR codes and 5G have been introduced, e-wallets have not only revolutionised the way we pay for goods and services. They have also made transferring of funds much more accessible and convenient.

But as we deal with the persistent issue about data privacy, the question remains: does the e-wallet really give consumers a great sense of security? This is one contention that can potentially give crypto payments a stronger foothold in a cashless future.

The emergence of DEX

As cryptocurrencies continue to reach global prominence, we have seen the emergence of exchange platforms that make cryptos more accessible for mainstream consumers.  With the number of users worldwide reaching more than 220 million,[5] we are also witnessing a massive growth on decentralised exchanges.

Crypto applications are built on decentralised blockchains, where transactions are performed on a peer-to-peer basis. As there are usually no traditional intermediaries such as banks or brokers, users don’t need to provide their information, and in many cases, there are no registration requirements for using the exchange. Aside from this, transactions via DEX result in significant savings in remittance costs (traditional cross-border service fees can go as high as 7% of the full amount, considering the charges by intermediaries).

These are just a few of the potential benefits that attracts the Internet generation to the use of DEX platforms.

Crypto in everyday living

We now live in a world where cashless payments are widely accepted and cryptocurrencies are gaining momentum. But volatility is possibly one of the reasons that prevent mainstream adoption. While many enthusiasts are drawn to the potential income from crypto investments, many advocates believe in the possibilities cryptocurrencies offer in the digital future.

Crypto may not replace cash in the current financial landscape. But being a usable currency, it is bound to create its own ecosystem fit for a new generation of digitally savvy consumers. Our own Ducatus Coin (DUC) was created mainly for this purpose, following the path started by Bitcoin. The Ducatus vision doesn’t end in the introduction of a coin or a token. It is constantly evolving and with every step we take, our aim is to enhance usability. Our affiliate businesses like Ducatus Café accept DUC as a form of payment. We also actively recruit merchants who are open to accepting DUC and opening their doors to a new kind of consumer – the crypto spender.

Our Ducatus wallet does not only store digital money, it allows the user to swap between currencies, purchase coins and even stake these coins to earn more coins, depending on their chosen duration. As an advocate of a true cashless economy, Ducatus advances digital payments and allows users to benefit from the use of digital money in their everyday lives.

For some visionaries, usability is the driving force behind the movement that promotes the value of cryptocurrencies in a truly cashless economy – an economy that is open, unique and offers boundless opportunities. It is not coming soon, it is here now. The question is: Are you ready for it?


[1] https://coinmarketcap.com/

[2] https://www.ukfinance.org.uk/press/press-releases/contactless-now-accounts-more-quarter-all-uk-payments

[3] https://www.thelocal.de/20200321/cash-loving-germany-switches-to-contact-less-card-payment-due-to-coronavirus-fears/

[4] https://www.globaldata.com/top-countries-moving-towards-a-cashless-society-by-2022/

[5] https://www.coindesk.com/crypto-user-numbers-double-in-six-months

Ducatus Property: Taking Cashless Economy to a Whole New Level

Ducatus Property is all about connecting people with their dream properties, while embracing alternative means of financial exchange.

The digital economy is growing by leaps and bounds. Many companies – from Fortune listed to startups – are adopting technological advances with exponential speeds that have pushed us into what financial experts are calling a cashless society.

The world’s largest economies are rapidly transitioning from cash-based transactions to digital payments. Increased efficiency, convenience, and safety for both individuals and merchants are just some of the major factors that contribute to the growth of cashless transactions.

But a cashless economy isn’t just about cards and mobile wallets anymore. It’s about keeping the digital economy open and available to everyone, no matter who they are or where they’re from. This vision is now becoming a reality, as innovative companies take the digital economy one step further. Blockchain-based cryptocurrency is fast becoming one of the most accepted forms of payment today. With more and more people learning about cryptocurrency — and using it to buy and sell goods and services — the cashless future will be here before we know it.

But what’s really fueling cryptocurrency adoption especially among young people? For some, it comes down to trust. And in an increasingly digital world, where banks offer next-to-nothing interest rates on savings accounts, tech-savvy individuals are looking for alternatives.

Although more and more people are turning to cryptocurrency as an investment and payment option, the truth is very few people realize how cryptocurrencies work until they spend time researching them.

“I spent a lot of days and sleepless nights on Telegram and Twitter researching new projects and was able to keep rotating my profits into newer projects which had more potential for growth. I just followed the hype and moved on to the next project before the hype went away and learnt over time to not be emotionality invested into any coin or project,” says one crypto enthusiast, who started his cryptocurrency journey when he had an accident some months back forcing him to sit at home and look for ways to make money online.

But what really makes cryptocurrency alluring for him is the freedom it gives: “I like the idea of knowing I’m in control of my money. Sending money across to someone is the smoothest process.” Almost everything he spent on was bought by crypto, and he rarely goes through the traditional banking system to make transactions.

As he has always dreamed of living the lifestyle of a digital nomad, crypto has gotten him closer to realizing that dream. For him, the possibilities are boundless.

“I realized the smart thing to do would be, to diversify and not have all my money invested in crypto. I wanted to buy my dream apartment with crypto to make the experience more special and to see my magical internet money become a physical asset.”

With the help of Ducatus Property, this dream became a reality. As he is now a proud owner of a luxurious apartment in Dubai, Sobha Hartland Creek, located in one of the city’s most sought after addresses. Valued at AED 1,023,910, the property was fully paid for in USDC.

Buying a property in another country is not an easy decision. More so when the transaction is non-traditional like crypto purchase. It requires trust and confidence in the seller. And it was not difficult for him to warm up to Ducatus Property, being a part of a network that has established its purpose in a new digital economy.

As an advocate of the cashless movement, Ducatus offers users the opportunity to buy, sell, earn and benefit from the use of digital money in their everyday lives through its affiliate businesses. With Ducatus Property, buying real estate with digital currency is now a reality.

Ducatus offers more than just premium spaces and homes, it’s all about connecting people with their dream properties, while embracing alternative means of financial exchange.

For this reason, the decision to purchase his dream apartment through Ducatus Property was an easy one.

“The 3-5% cashback in Ducatus coins is of course a nice extra value incentive!”

To learn more about Ducatus Property, visit https://property.ducatus.com or email Sanjay Bhoola at sanjay.b@ducatus.net.

What are crypto wallets?

The development of crypto wallets using Ducatus Wallet as an example

This article was originally published on rocknblock.medium.com

Crypto wallet is an ultimate tool for many users, who want to interact within the blockchain. It is commonly used for receiving and sending payments, or keeping the digital assets in a safe place.

There are several types of crypto wallet. The main difference is the security input and output. Some wallets are functioning only online, whereas others are completely offline and not connected to the internet.

Different types of crypto wallets serve different purposes. When one can be useful for fast transactions and daily usage, others are meant to securely store digital assets.

A crypto wallet is a piece of software that is meant to facilitate financial transactions. Much like traditional wallets that come in different designs, crypto wallets can also be built on different wireframes. But unlike a traditional wallet that stores Central Bank-issued fiat money, crypto wallets interact with different blockchains.

To understand the clear difference, we should understand how a crypto wallet works:

Each crypto wallet consists of a private key, a public key, and a wallet address. All these properties together resemble a sequence of randomized numeric and alphanumeric characters.

Private key should never be disclosed. It should be completely secure and protected. A private key of a crypto wallet gives one full access to its wallet funds. A private key usually contains approx. 50 alphanumeric characters.

Public key serves the functionality of a private key while “keeping” the public key hidden. A public key appears as a long and complex string of alphanumeric characters, so it’s harder to crack or forge.

Wallet address serves as a direction to which other users can send and receive funds. Wallet address by its nature is a compressed and hashed type of a public key. It is a unique sequence, so a wallet address can be completely dedicated to a particular user.

Sometimes, we can use a crypto wallet address that is encoded to a QR-code type.

Hot wallet

Hot wallets are functioning online and they are meant for fast transactions and managing digital assets with ease. Mostly, it is a digital application where we can send and receive cryptocurrencies.

The main point about a Hot Wallet is that it stores a private key online.

Hot wallets are broadly used due to their simplicity and convenience. However, they are not suitable for long term storing of crypto. Examples:

  • Web wallet
  • Desktop wallet
  • Mobile app wallet (IOS, Android)

Cold wallet

Cold wallets are different from hot ones in that they store a private key offline. Cold wallets are being considered to almost eliminate the chance of disclosing a private key because it is not online. Cold wallets may appear as digital applications as well as hardware tools. Hence, cold wallets are not suitable for fast and quick sending and receiving funds.

Paper and brain wallet

These are the types of crypto wallets that literally represent their meaning. They don’t have any digital framework or application. A paper wallet is the cold wallet type when all the properties are written down on paper. It mostly looks like a QR-code that represents the address of a wallet and a private key, or a recovery phrase instead. Brain wallet means that all private keys and wallet addresses are memorized by the owner of a particular crypto wallet.

Hardware wallets

This type of wallet stores private key information in a safe place. When people say cold storage, they mostly mean a hardware crypto wallet. Hardware wallets appear in the form of a ledger that resembles a flash memory card. When using a hardware wallet, a user exports existing wallets or creates a new one. Then the user’s digital assets can be stored on a hardware wallet in a cold storage. Examples:

  • Ledger Nano X
  • Ledger Nano S
  • Trezor T

The most important features of a crypto wallet

In the case of different crypto wallet types, the features of those may differ from one another. For the hot wallets, the leading features are:

  • Simple and responsive interface for conducting transactions
    The transaction interface is the key to a successful and convenient crypto wallet that is going to be downloaded thousands of times. In this case, the main focus is to make the transactions faster and easier. Besides the transactions, sometimes it is important to facilitate trading, swap, lending, or even derive payment services.
  • Balance tracking and transaction history
  • Export existing wallet and wallet creation
  • Managing the wallet address and private key information
  • Security features
    Unequivocally, the security features should be a must when developing a crypto wallet. Besides basic features like Password protection, PIN protection, Biometrical protection (FaceID, TouchID, etc.), 2FA Authentification, a crypto wallet can be protected with a wallet backup, wallet encryption, recovery phrase, or Google authenticator.

DUCATUS Wallet developed by Rock’n’Block

One of our most known projects is the Ducatus Wallet. Ducatus wallet was built for the Ducatus ecosystem as a tool that can help reach their aim to build a cashless economy.

The Ducatus crypto wallet is developed as a hot crypto wallet type (Web wallet and the Ducatus crypto wallet apps for devices on IOS and Android) and consists of many flexible features that are responsible for the user-oriented usability, transparency, and safety of the transactions that are going through.

With the idea of a cashless economy, Ducatus launched Ducatus Coin (DUC) and DucatusX (DUCX) in 2017 and 2020. Ducatus wallet is inherently one of the important steps into bringing the DUC and DUCX into its widespread usage.

DUC and DUCX

Both DUC and DUCX are designed to deliver the idea of transparent payments that are aligned with the convenience of online payments as we know them — achievable and comprehensive for anyone.

DUC and DUCX each exist on their own separate blockchains. The original Ducatus blockchain and the DucatusX blockchain, which was also developed with the help of Rock’N’Block. These blockchains have the fork properties combination of the Litecoin and Ethereum blockchains.

The Ducatus blockchain was designed to offer low transaction fees, fast throughput of transactions, and the ability to stake the Ducatus Coin. On the other hand, DucatusX supports smart contracts within its blockchain. It uses a Proof of Authority consensus algorithm which significantly reduces its maintenance cost. In the future, it is envisioned to switch to Proof of Stake, giving users even more confidence in choosing the DucatusX blockchain for their projects.

With the broader emergence of both Ducatus cryptocurrencies, the next step was to develop their own crypto wallet.

The prominent features of the Ducatus wallet

One of the fundamental features that we added to highlight the functionality of the Ducatus Wallet was a simple interface.

In addition, we were also engaged in developing multiple non-trivial functions: essential features as key settings (private key management), crypto wallet settings (wallet addresses management, wallet exporting, wallet service URL, executed transaction history, and recovery phrase setting up).

Transactions functionality

In the development of Ducatus wallet’s transaction features, we were required to establish the following:

Secure storage of the digital assets within Ducatus Wallet

The ability to send and receive the following digital assets:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)
  • XRP (Ripple)
  • Stellar Lumens (XLM)
  • ERC20 tokens, ERC721 & ERC1155 collectibles

And of course the Ducatus coins:

  • Ducatus (DUC),
  • DucatusX (DUCX),
  • Wrapped DucatusX (WDUCX)

Support of the transactions with the following cryptocurrencies:

  • Bitcoin (BTC),
  • Bitcoin Cash (BCH),
  • Ripple (XRP),
  • Ethereum (ETH),

Including the transactions with the following tokens:

  • JAMASY (JAMASY),
  • NUYASA (NUYASA),
  • SUNOBA (SUNOBA),
  • DSCMED (DSCMED),
  • POG1 (POG1),
  • WupDE (WDE),
  • MarsaDXB (MDXB)
  • USD Coin (USDC),
  • Paxos stablecoin (PAX),
  • Gemini dollar (GUSD).

Now, we are at the moment of developing the embention of a higher amount of supported coins and digital assets to expand the Ducatus Wallet functionality.

Deposit functionality

The other indispensable feature that is related to the crypto wallet functionality is the ability to deposit fiat currency into the Ducatus crypto wallet.

Many other wallets have been abbreviating this feature due to the different inherency of their wallet. For many other competitive wallets next to the Ducatus wallet, it is possible to create deposits only by topping up cryptocurrencies.

We were required to develop the secure interface of the fiat deposit to the Ducatus crypto wallet, that would allow a user to buy digital assets by using FIAT currencies through credit and debit cards (via Moonpay service), and also including bank transfers that were implemented via SEPA Bank transfer.

Simple wallet & Shared wallet

Simple wallet features stand for the main functionality for an exclusive wallet owner. Those features were described above all available for every user of a simple wallet.

On the other hand, the team of Ducatus Global was also aiming to create a shared wallet to allow mutual funds management for users. Mutual funds management in Ducatus wallet implemented as a shared wallet with a minimum number of signatures and devices (i.e. participants).

We expanded the maximum number of the possible mutual signatures up to 6. So in other words, 6 users can manage the mutual funds simultaneously. Every user can join a shared wallet via a developed interface for the wallet invitations.

It is important to understand that each co-payer has its own recovery phrase, that can not be changed or forged by other users.

SWAP

The swap function represents the quick exchange of digital assets within the Ducatus Wallet interface. Swap is processing the conversation within the Ducatus blockchain. Any user can convert the following coin pairs:

SWAP-pairs in Ducatus coin (DUC):

  • DUCX → DUC
  • ETH → DUC
  • BTC → DUC

SWAP-pairs in Ducatus X (DUCX):

  • DUC → DUCX

SWAP-pairs in Wrapped DucatusX (WDUCX):

  • DUCX → WDUCX

Deposit dividends

Users of Ducatus wallet can earn a reward that is represented by the fixed interest calculated based on their deposit. That is a very promising feature for all the users and also, a feature that can provide a lot of liquidity to the Ducatus coin.

Dividends are being spread between 5, 13, and 34 months deposit time frame. The annual interest rates are fixed between 8%, 13%, and 21%.

Therefore, every user can choose the optional dividend deposit with the following reward scheme:

  • 5 months as expected reward in 8% annually
  • 13 months as expected reward in 13% annually
  • 34 months as expected reward in 21% annually

The problems that were solved by Rock’n’Block

  1. The Ducatus blockchain development.
    Including the development and implementation of the customized Bitcoin hard fork for the Ducatus blockchain with the existing Ducatus coin. And in addition, implementation of the Ethereum hard fork for the DucatusX.
  2. Mobile wallet application development.
    Including building and developing the prototype, wireframe, and design of the Ducatus wallet web client, IOS, and Android apps. Establishing the connections to the blockchain networks including Ethereum, Binance Smart Chain, DUC Mainnet Testnet, and DUCX Mainnet Testnet.
  3. Crowdfunding platform development.
  4. Establishing the connection with the online stores that support crypto payments.
  5. Implementation of the security and safety essential features.
    Essential security solutions for a mobile wallet interface like 4-digits PIN protection against unauthorized access, Biometrics (as TouchID, FaceID) for the devices supporting the technology of biometrical data protection. On the side of the crypto wallet security: Keys Management, Crypto Wallet Encryption, Crypto Wallet Backup by setting a Recovery Phrase, and the ability to Export Key.
  6. Testing of the functionality.
    With our team of QA Engineers and software testers, we put a lot of effort into eliminating bugs, errors, and all possible code inconsistencies.

Ducatus wallet is built on the following stacks:

  • Web3js,
  • Solidity,
  • JavaScript,
  • Openzeppelin,
  • Truffle.

Outcome

At the moment, Ducatus Wallet counts around 100,000 users. It is valued for its comprehensive usability, working with multiple blockchain networks, fast swaps and transactions, and simple management. In addition, the key advantage that Ducatus Wallet brings to the market is the ability to be broadly used by people around the world by making daily common payments at HORECA, shops, fuel stations, and other businesses that already facilitate crypto payments.

The Ducatus Wallet’s decentralized nature and in combination with the concept of a cash-free society attracts more users and investors daily.

Rock’n’Block as the software developer, is imposing the idea of adopting blockchain technology in many industries. We did our best in developing the best products for Ducatus Global. And Ducatus wallet is a promising tool in our era of DeFi.

Furthermore, we are continuously working on implementing more and more exclusive features for newer versions of Ducatus Wallet. In the upcoming upgrade of the Ducatus Wallet, we are going to implement more of the demanding features, and of course, support the reliability of all the future versions.

Why develop a crypto wallet with Rock’n’Block?

Crypto wallets are one of the leading products in the fintech market right now. We are explicitly engaged in implementing all the Ducatus Wallet features in the right way, correlating with the exact requirements of the product prototype.

Ducatus Wallet is achieving success among its users partly due to our contribution on its software development. From roadmap to production. No matter the complexity and the number of features that you would intend to implement, we can develop a competitive and strong product that supports the must-have features.

Furthermore, we are not limited to developing the features only for a crypto wallet. Developing blockchain, embedding the deposit functionally, integrations between multiple blockchains, and even crowdfunding platforms. All – and even more – is possible with the help of the Rock’n’Block’s team!

Ducatus partners with leading developers for its blockchain projects

The growing popularity of cryptocurrencies has paved the way to more innovations, such as smart contracts, decentralized exchange platforms, digital wallets, among others. With this rapid evolution of blockchain technology comes an increased demand for fintech companies to constantly strive for advancement. 

To be ahead of the curve in this fast-evolving and competitive digital space, it is important to build customer trust and confidence. And technology plays an essential role in building your credibility specially for blockchain startups.

Ducatus, since its inception in 2016, has always believed that shaping the people’s financial future requires an unwavering commitment to advancement. Through evolution and innovation, not only can the company provide the necessary tools to build generational wealth, but more importantly stay relevant in an increasingly changing world. 

As one that prides itself in championing a cashless economy, Ducatus is resolute in its belief that choosing the right tech partners is as important as having a bold vision. A proven track record, years of experience, successful case studies and a skilled pool of talents are just some of the factors that Ducatus considered in choosing its developers. 

This is why Rock’n’Block has proven to be the most significant choice for the company.  

Recognized by industry experts, Rock’n’Block boasts 15 years of development experience with capitalization of more than $1 billion for its built projects.  It has also established partnerships with major fintech companies such as Binance, Neo Foundation and Polygon. With a team of more than 100+ highly skilled tech experts, it has deployed more than 30,000 smart contracts and created 250+ projects on a turn-key basis. 

Rock’n’Block currently maintains the Ducatus Wallet and is the developer of the recently launched DucX –  a user-oriented blockchain that advances digital payments, enables borderless transactions and offers users access to valuable assets. 

As an advocate of the new digital economy, Ducatus aims to offer its users the opportunity to benefit from the use of digital money in their everyday lives. Through its affiliate businesses it has started the creation of smart contracts, connecting people to high-value projects that are traditionally just open to a select few. 

Indeed blockchain technology is poised to revolutionize just about every industry in one way or another. Innovations are radically changing the way people do business. Thanks to its trusted partners, Ducatus always has the confidence to offer tools and solutions that are both open and inclusive, allowing people to design their ideal financial future.

Visit rocknblock.io to discover why it has become one of the most preferred blockchain developers and partners of many fintech companies. 

Mortgage payments using crypto: coming soon?

Experts think using cryptocurrencies for practical purposes such as paying down mortgages
is one piece of the overall “crypto economy” that will one day become a reality. 

This summer, cryptocurrencies moved into new territory in Spain when a bill was introduced that would allow borrowers to pay their mortgages using the digital assets. The proposed legislation, aimed at deepening the acceptance, use and regulation of digital currencies, would also allow the real estate industry to invest in mortgage pools using crypto and encourage banks to use blockchain technology to keep track of mortgages and insurance.

Spain is further along than Canada in contemplating the incorporation of crypto into daily financial affairs, but it is hard not to wonder whether it is just a matter of when — not if — crypto mortgages become a reality here.

Rob McLister, mortgage editor at RATESDOTCA, told the Financial Post that a future in which lenders accept cryptocurrencies not only for mortgages, but for all kinds of payments, is easy to envision. But he doesn’t expect to see the option offered anytime soon, given the lack of broader acceptance and use of crypto here.

“I don’t think that there’s enough demand,” McLister said. “There’s just not enough Canadians with enough money in their crypto account to make mortgage payments. So, I don’t see lenders rushing to offer this option.”

Crypto’s underlying blockchain technology, however, may be another story. McLister said it could be more of a game-changer in real estate if it gets used for registering land ownership and mortgages, revamping the existing outdated system.

One real estate company flirting with crypto mortgages is broker Matrix Mortgage Global, which announced in early April that it would begin accepting bitcoin, bitcoin cash, Ripple’s XRP, Ethereum and a few dollar-pegged stablecoins as payments for deposits or down payment portions. Matrix’s plan is to convert the crypto into fiat currency on the day it is received.

Shawn Allen, Matrix Mortgage’s founder, told the Financial Post that he’s received many inquiries on this announcement — but no takers yet.

Allen added that while he believes that the crypto mortgage concept is a ways away, when it does materialize it will likely involve payments through dollar-pegged stablecoins, a form of digital currency that attempts to mirror the value of cash.

“I think this is where the stablecoins are going to come in,” Allen said. “Because what people would generally do is convert their (ethereum), or their Doge, or their Bitcoin … to a stablecoin so that it’s more palatable to transact without the varying price fluctuations.”

Ronny Tome, chief executive officer at Ducatus Coin, thinks using cryptocurrencies for practical purposes such as paying down mortgages is one piece of the overall “crypto economy” that will one day become a reality.

I think when we really make it to mortgages being payable in crypto space… that will be a huge step forward.”

Ronny Tome, Ducatus CEO

Like Allen, he said stablecoins are a more likely candidate for widespread use in the mortgage space because of the risk of volatility and transaction fee with other currencies.

“I don’t think it’s an issue of the price when it comes to bitcoin in the retail space, or bitcoin as a currency. The problem is the transaction fee,” Tome said. “If you want to go and pay for coffee in Starbucks and the coffee is $5, but your transaction fee is $5, or $10, or $20 then you’re not going to use your bitcoin.”

Crypto holders will likely prefer to hold their positions in the market rather than cash out. If they do decide to spend their coins, it will more likely be on big-ticket luxury items where the transaction fee would make more sense, he said.

Tome said it’s difficult to determine what crypto mortgages would look like, but he foresees a global adoption where digital currencies will be used for commonplace purposes. Switzerland, for example, is already a leader in crypto adoption, allowing citizens to pay taxes and some of their bills with digital coins.

“For me, any kind of adoption in any field is a step forward,” Tome said. “I think when we really make it to mortgages being payable in the crypto space or with cryptocurrency being accepted officially by banks, by credit institutions, then that will be a huge step forward.”

Read full story here: financialpost.com