icon_arrow_down icon_arrow_left icon_arrow_left_large icon_arrow_right icon_arrow_right_large icon_arrow_up icon_bullet_arrow icon_call icon_close icon_facebook icon_googleplus icon_grid_off icon_instagram icon_login icon_mail icon_menu icon_message icon_minus icon_pinterest icon_plus icon_quote_end icon_quote_start icon_refresh icon_search icon_tick_on icon_twitter icon_video_play icon_youtube

Sign up to our mailing list for the latest Boat International & Events news.

SIGN UP

Missing your newsletter?

If you’ve unsubscribed by mistake and would like to continue to hear about the latest Boat International & Events news, update your preferences now and let us know which emails you’d like to receive.

UPDATE NOW
No, thanks
5 top brokers ask: Is Bitcoin and cryptocurrency the future of yacht brokerage?

5 top brokers ask: Is Bitcoin and cryptocurrency the future of yacht brokerage?

5 of 5 5/5
VIEW ON ONE PAGE
chris-cecil-wright-of-cecil-wright-and-partners-is-a-firm-advocate-of-the-advantages-of-bitcoin-and-cryptocurrency
5

Cecil Wright & Partners

It was back in 2013 when Chris Cecil Wright of Cecil Wright & Partners was first introduced to the concept of cryptocurrencies by a client, but the past 18 months have seen this idea really take root, he explains: “The combined market capitalisation of cryptocurrencies is over $220 billion and there are multiple benefits. Of particular interest are the financial efficiencies of trading it, utilising it as a currency in exchange for goods and services, security, and the transaction speed, which is attributed to the lack of third party involvement.”

Cecil Wright describes cryptocurrency as “a bit of a game changer” for the charter market as it allows 24/7 transactions on large sums without the limitations of bank opening hours.

“We are prepared for any potential issues that might arise having run every scenario that could occur during a yacht acquisition,” he adds. “This has taken a while to iron out, but it will certainly be worth it.”

Read More
Sponsored Listings
Upgrade your account
Your account at BOAT International doesn't include a BOAT Pro subscription. Please subscribe to BOAT Pro in order to unlock this content.
Subscribe More about BOAT Pro