TerraZero Technologies Inc. ("TerraZero" or the "Firm"), a vertically integrated Metaverse technology company, announced today that one of its clients on Ethereum-based Metaverse platform Decentraland has completed one of the first ever "Metaverse Mortgages" (www.decentraland.org). TerraZero provided the majority of the money (loan) for the client's virtual real estate acquisition.
TerraZero is now offering this newly designed Metaverse Mortgage service to its clients who want to use the Company's 'Metaverse Mortgage' loans to finance the acquisition and purchase of virtual real estate (represented as a non-fungible token) with the underlying NFTs. According to Dan Reitzik, CEO and Founder, "TerraZero's mission is to create and distribute technologies that connect the physical and virtual worlds. A whole new economy is forming, and we want to provide businesses and others with Metaverse-specific products and services that are available in the real world. Mortgages and other forms of crypto market investments will hasten the Metaverse's development and acceptance, and we're pleased to be at the vanguard of this new and fascinating economy."
Prospective customers can to the TerraZero platform online to look at the offerings and listings (which include, but are not limited to, land size, location and suitable prefab construction pieces), or they can propose additional targeted NFT assets to the Company for a mortgage-based transaction. Then schedule a meeting with a TerraZero professional to complete the brokerage process (which will include a quick KYC/AML check to ensure the client's eligibility). TerraZero authorizes the customer to take out a mortgage on the property once the client signs the mortgage contract, with the land NFT being kept by TerraZero as the registered owner until the loan is repaid crypto to crypto according to the agreed-upon conditions. At the same time, TerraZero offers the customer 'deployment rights,' allowing them to construct on their property, organize events, manage digital marketplaces, host their internal corporate office, and so on without delay. Clients pay monthly for this service until the mortgage is paid off, at which point the virtual land (NFT) will be totally transferred to them.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards