With the tightening of cryptocurrency-related regulations, more and more people are buying and cashing artworks in cryptocurrencies. It reflects the owner’s need to cash (OTC) as quickly as possible because the cryptocurrency transactions are getting illegalized. However, the problem is that the encashment of cryptocurrencies is not as easy as it sounds. Under these circumstances, BISKET ART (bisket.art), a platform that can be legally in-kind or cashed, is drawing attention.
BISKET ART, headquartered in London and England, allows users to buy real masterpieces and digital artworks in cryptocurrencies, and resell them for cash. The price of sale does not correspond to the cryptocurrency sales price because it is the amount associated with the sale of artworks. In addition, users will receive an overseas remittance together with the receipt of the artworks’ sales price, which is not the same as cryptocurrency transaction but legal because it is a normal artworks’ sales price.
BISKET Art creates and operates a separate section called ‘Guarantee Market’ to eliminate the risks associated with falling prices for art traders. The artworks in this section are guaranteed to be purchased by the company if the purchaser who purchased in cryptocurrencies wishes to resell. It is a model that the company will buy at 100% price instead if the artworks are not resold to the users. BISKET ART will do overseas remittance with an invoice related to sale of artworks by purchasing artworks with receiving only a 3% settlement fee during the event period
Cryptocurrency owners can not only guarantee the resale of the work when they buy it, but also see the profit as the price of the artwork goes up. Currently, all artworks BISKET owns are created from artists whose prices of artworks are rising rapidly with an average annual rate of return of 20% or more, and in the case of digital art, the average annual rate of return is 300% or more. Therefore, it can be an advantageous investment method to sell the product in a state where the price has risen for a certain period of time and receive an overseas remittance.
BISKET ART may be one of the best options if owners of cryptocurrencies such as Bitcoin or Ethereum want to cash them. BISKET ART is currently headquartered in London, UK, with offices in New York, Tokyo and Seoul in South Korea, and is targeted for service all over the world.
More information are available on – http://www.bisket.art/