CryptoBiz Magazine Technical and Media Advisor Jay Addison with Ragnar Lifthrasir, CEO and Co-Founder of Meson, a comprehensive Bitcoin real estate transaction platform where payment, escrow, and title are performed on the blockchain. He has over ten years of commercial and residential real estate experience including development, title insurance, and investment. Ragnar has a MS in Real Estate Development from Columbia University and a General Contractor and Real Estate license in California. In 2013 he co-founded AnArk, the first Bitcoin marketplace with a “Trustless” escrow.
Transcript
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it's jay addison here with crypto biz magazine at inside bitcoins in las vegas i'm here with ragnar lee fraser he is the ceo of maison ragnar how are you doing today great how are you i'm doing fantastic what does the process look like when someone does a real estate transaction that happens on your platform can you describe that for us sure it's very easy um someone just buys bitcoins and then sends it to us and then we will forward that on to the escrow company or to the seller okay that's pretty straightforward are there any extra regulatory steps that you have taken when compared to a regular real estate transaction due to using bitcoin no actually using bitcoin is easier for real estate transactions because using a multi-sig wallet uh we don't actually hold custody of the funds so unlike a traditional escrow where they actually have all the clients money we don't know so it's actually lower liability wow that's amazing why would a person in another country use bitcoin to buy real estate in the us because it's hard to get your money from your foreign bank account to a u.s bank account there's delays there's complications there's more mistakes that can happen that make sense where it's the same reason why you'd want to use bitcoin for anything else it's easier cheaper and faster yeah sure is eh bitcoin is volatile how are you going to minimize this risk well two ways the easiest way that we're going to do is simply compress the time from the point that they buy the bitcoins to where it gets to the escrow company or the seller we're really going to have it streamlined so there's minimal amount of time between getting bitcoins and going to the seller of the escrow company okay what areas in the us are you focusing on and why california because it's a hot real estate market there's a lot of foreign money going in there it's a very long-term good investment and that's where we're based that's where we have all of our network of real estate agents and real estate brokers okay that sounds fantastic ragnar how does someone get a hold of you if they want to contact you and learn more about using the system for real estate transactions sure they can go to our website which is m-e-s-o-n dot r-e so mison dot r-e and they can email us at info at nissan.re okay so i have one more question this is the magic question uh what do you think the bitcoin price is going to be as of january 1st 2015 january 1st 2015. it will be different than what it is now that sounds great ragnar thank you very much for your time thank you very much this is jay addison from crypto biz magazine live from meckler media's inside bitcoins conference in las vegas remember to subscribe to crypto biz magazine at cryptobizmag.com follow us on twitter at cryptobizmag thanks for joining us and learn more at cryptobizmagazine.com