Learn about existing Bitcoin malpractices

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Bitcoin, the most popular crypto that exists, is now considered one of the most popular investments. But did you know that it has given birth to many new bitcoin scandals? Yes, that’s right and sadly, you can be a part of it if you don’t know anything about these scams. This article lets you know about all the types of bitcoin scams that exist.

This type of bitcoin scam exists –

Phishing scam

Always beware of phishing scams Phishing attacks are certainly a favorite among hackers and scammers. In a phishing attack, a person disguises a service, business, or person, usually via e-mail or other text-based communication, or by hosting a fake and manipulative website that looks like a real one. The goal is always to trick a victim into revealing their personal tips or sending bitcoin to a specific scammer-owned address.

These types of emails are often seen as legitimate but fake in nature

Counterfeit exchange

Surely one of the least difficult ways to deceive investors is to pose as an internet marketer branch of a good and legitimate business. Okay, this is what scammers are doing especially in the bitcoin discipline.

Many such exchanges exist and they present themselves as a place to exchange and trade bitcoin, but in the end it was deceptive. Many exchanges have thus turned people away from their money simply by pretending to be a new respectable and legitimate cryptocurrency exchange.

Fake ICO

With the rise of blockchain-backed companies, fake ICOs have gained popularity as a way to support these types of new companies. However, due to the controlled nature of Bitcoin, the door is open for all kinds of fraudulent activities.

Most of the ICO frauds have occurred by obtaining investors or using fake Bitcoin wallets or other crypto wallets through fake ICO websites, or by appearing as real cryptocurrency-based companies.

Many have already been accused of such misconduct, so it’s best to check these wallets before deciding to keep your money with them.

Outstanding return

If you are in the trading industry, you must have known by now that huge returns are not possible with bitcoin trading or crypto trading in general. So, when a broker tries to promise you that your money will be doubled in a certain period of time, the best option in such cases would be to stay away from such brokers as much as possible. They will just run away with your money and you will have nothing but sorrow and regret.

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A brief introduction to how to buy Bitcoin as a currency traded today

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As a popular form of currency, bitcoins are gaining worldwide acclaim these days, and as a result, many people have shown interest in buying them. Although many financial majors are advising people not to engage in this type of crypto-currency, due to its fluctuations, it is still being adopted at a rapid pace. To buy Bitcoin, one can fill out all the details online, sign up for a free wallet system or download a mobile application and start investing in them. When this happens to people, simple banking payment methods can be used to exchange them. However, since security is the main reason these wallets need to be protected and this is why you should be able to choose a bitcoin service such as coin base wallets are high quality and easy to use.

While an online wallet is a convenient way to buy bitcoin, there are other options like choosing a bitcoin trader. Choosing the right one is also important because there are traitors and one should be careful about them. While there are many established exchanges that offer wallet services to users when looking for a bitcoin wallet system, one should choose to have a multi-signature facility. Users can also use Bitcoin Exchange Search on the respective computer or mobile phone and by typing in some general information such as the name of their country, the person can find out the wide range of exchanges available around the world as well as check its current. Status users can also use the liquid money they have because there are various options on the market such as local bitcoin services that help users exchange cash. Such fields allow users to go to the nearest bank branch to deposit cash and get Bitcoin after a while.

Many people believe that bitcoins represent a new era of digital currencies and are often confused with them. However, since the Bitcoin chain system is fully computerized it is quite simple and easy to buy and use, especially in the case of international transactions. Since exchanges require different types of payment processes, such as credit or debit cards, buyers can also buy online by opening an account based on the respective geographical location. Once the exchanges receive the payment after verification, they will store the bitcoins on behalf of the individuals and deposit them in their respective wallets. They charge a fee for this. The whole process can be time consuming. Many people who are learning to buy Bitcoin can use the PayPal method for financial interactions.

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The role of customer service – why it is important for your business

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Plan to get financial information:

Blockchain technologies typically participate in the financial sector, but they can change the number and scope of industries from the Internet of Things (IoT) to support industries and entertainment from healthcare and supply chains.

The blockchain expert explains that the wide reach of technology comes from its employment in a safe and efficient way. To ensure data integrity, transparency, immutability and fairness in various types of transactions.

Existing Business Function Concepts:

We are also the proprietor and managing director of cryptoappfactory.com and blockchain. We can improve an existing business system by following the idea of ​​creating a competitive advantage through a more efficient accounting process and by solving the challenges of potential customers.

We are ready to prove the second point where P2P energy-trading platform removes intermediaries from renewable energy sales. And another blockchain startup provides a platform that seamlessly shares data with the supply chain. Investors prefer startup solutions to everyday problems, rewarding Origin Trail with millions and Power Laser with millions.

Fundraising:

The idea of ​​creating a new service model and product to launch your business, we support blockchain services and the idea of ​​capital work to better choose support for the business.

We use cryptocurrency to get alternative solutions to traditional financing projects. There are startups using the amount of working capital in the direct investment tag using the Cryptocurrency Token Generation event. Fellows have certain policies to maintain and support the project according to the legal services.

Get new customer service:

Blockchain technology includes cryptocurrency models that allow them to transmit data in an extended field to the market. There are also private and government investments to verify the transactions of recognized cryptocurrency companies to attract Bitcoin and other online currencies as well. It helps in sales and translation.

According to the blockchain tool, we have large media data to highlight and send to forums through small family businesses. PIVX has a storage device to get a new client and customer so that Bitcoin is available in easy and fast payment mode.

Cyber ​​Security Empowerment:

We use half bitcoin to share private data breaches and half data to share public data breaches. Each company has some qualified experienced support for learning their business in the next level approaches. Blockchain technology can be used to reduce the risk of your data being compromised.

Blockchain has improved cyber security efforts that include infrastructure, transparency, event tracking, cryptography and other security data sharing information systems.

Confirm Bitcoin Privacy:

Cybersecurity systems have a number of complementary functions to privacy policy. Following certain consumers to buy Bitcoin is an important consideration to keep your information secure online.

Bitcoin privacy is very important because even your Bitcoin control has many data protection features that we have more powerful privacy laws. The blockchain element can be solved by creating and securing consumer data attention to create transparency and trust between consumers and brands. We offer data samples to share in Live Idea Market using large platforms. Blockchain developers have huge user power to share and store information on various entities.

Global Challenges Using Cryptocurrency:

Ultimately, we have entrepreneurs who like to capitalize on blockchain technology employed to create other places to be devastated by natural disasters.

We spoke to Forbes about those who can capitalize on market capitalization using cryptocurrency, bitcoin and blockchain. Our residents have a panel to interact and reconnect to get a power grid and we also sell bitcoin wallets for local private or government initiatives.

This blockchain is the easiest way to help the cryptocurrency platform the easiest way to respond. We offer Bitcoin and other currencies in the market that are empowering your business in an easy way.

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What are the cryptocurrency abuses that you need to be aware of?

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Cryptocurrency scams have shaken the financial industry since the day Bitcoin became dominant and, sadly, it is estimated that more than এক 1 billion has been lost in such scams. At the same time, such scams cause millions of losses every year. We hope you do not fall victim to such scams and so, we have brought you this article which will help you to know about many crypto scams.

These are the types of cryptocurrency scams –

Gift scandal

It is incredibly unlikely that anyone is getting a valid gift for which you must first send your own money. On social media, you need to be careful with these types of text messages. These may arise from accounts that may seem identical to the kind of person a person knows and really likes, but this will be a category of strategy. Thanks to the above mentioned accounts for their special generosity and lots of answers – they include fraudulent payments to fake company accounts or bots.

Fake mobile apps

Once the customer installs a malicious app, everything may seem to be working as intended. On the other hand, these programs are specifically designed to steal your cryptocurrency. In the crypto room, there have been many instances where customers have downloaded malicious apps that the developers have faked as a large crypto company.

In such cases, when the user is usually presented with a contract to fund or pay in the wallet, they are actually sending cash to an address owned by the fraudster. In the case of course, when the cash is transferred, there is no undo button.

Pyramid and calendar scheme

In a register scheme, you may notice an investment opportunity with a certain profit which is the first red flag. Typically, you will see this particular scheme in disguise as a portfolio management service. In reality, there is no magical formula in the office The “return” earned here means other investors.

In a new pyramid scheme, more work needs to be done by the people involved. Usually at the top, the pyramid will be the coordinator. They will hire a certain number of men and women to work at a certain level below these people, and men and women will each get their own amount of people, and much more. As a result, you end up with a significant structure that grows rapidly and creates new layers and disguises itself like a pyramid.

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6 Benefits of Investing in Cryptocurrency

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The birth of Bitcoin in 2009 opened the door to investment opportunities in a whole new type of asset class – the cryptocurrency. Enter the space path very quickly.

Interested by the immense potential of this new but promising asset, they bought crypto at a cheaper price. As a result, they have become millionaires / billionaires in the 2017 bull race. Even those who did not share too much have made decent profits.

Even after three years, cryptocurrency remains profitable, and the market is here. You may already be an investor / trader or thinking of trying your luck. In both cases, there is the full potential of investing in cryptocurrency.

Cryptocurrency has a bright future

Credit and debit cards will become obsolete, according to a report titled Imagine 2030 published by Deutsche Bank. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be seen as excluded but as an alternative to the existing monetary system. Their advantages, such as security, speed, minimal transaction fees, ease of storage and relevance in the digital age, will be recognized.

Concrete regulatory guidelines will popularize cryptocurrencies and increase their acceptance. The report predicts that there will be 200 million cryptocurrency wallet users by 2030 and about 350 million by 2035.

Opportunity to be part of a growing community

WazirX’s #IndiaWantsCrypto The campaign has recently completed 600 days. It has become a huge movement in India supporting the adoption of cryptocurrency and blockchain.

Also, the recent Supreme Court ruling lifting the RBI’s crypto banking ban from 2018 has created a new crowd of confidence among Indian bitcoin and cryptocurrency investors.

The 2020 Edelman Trust Barometer Report also points to people’s growing confidence in cryptocurrency and blockchain technology. According to the results, 73% of Indians believe in cryptocurrency and blockchain technology. 60% said that the effect of cryptocurrency / blockchain would be positive.

By being a cryptocurrency investor, you can be part of a prosperous and fast-growing community.

Possibility of increased profits

Diversity is an essential investment thumb rule. Especially at a time when most of the resources have been severely damaged due to the economic hardships caused by the Kovid-19 epidemic.

Although investments in Bitcoin have returned 26% since the beginning of the year to date, gold has returned 16%. Many other cryptocurrencies have registered three-digit ROI. The stock market has posted disappointing performances as we all know. Crude oil prices dropped infamously below zero in April.

Incorporating Bitcoin or any other cryptocurrency into your portfolio will protect the value of your funds in such uncertain world market conditions. This fact was influenced by billionaire macro hedge fund manager Paul Tudor Jones when he announced plans to invest in Bitcoin a month ago.

The cryptocurrency market is open 24X7X365

Unlike normal markets, cryptocurrency markets operate throughout the year, all day without fatigue. This is because digital currency systems are primarily designed using pieces of software code that are protected by cryptography.

Operational blueprints do not involve human intervention. So, you are free to trade crypto or invest in digital assets whenever you want. That’s a great advantage! Cryptocurrency markets are very efficient in that way.

For example, Bitcoin has successfully processed transactions with 99.98% uptime since its inception in 2009.

Tweets: https://twitter.com/fernandoulrich/status/1185368277557620736

No paperwork or formalities required

You can invest in Bitcoin or any other cryptocurrency anywhere and anytime without any unnecessary terms and conditions.

Unlike conventional investment options, where unreasonably high amounts of documentation are required to prove oneself as a ‘recognized investor’, crypto-investment is free for all. In fact, this was the purpose behind the introduction of cryptocurrency. Democracy of money / money.

To buy any cryptocurrency WazirX, You need to open an account for which you need to provide some basic details including your bank account information. Once they are verified, in a few hours, you can go.

Sole proprietorship in investment

When you buy Bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction takes place in a peer-to-peer system.

Unlike bonds, mutual funds, stock brokers, no third party ‘manages your investment’ for you. Call buying and selling shots whenever you want.

User autonomy is the biggest advantage of a cryptocurrency system that offers an incredible opportunity to ‘individually’ invest in your core capital and create a corpus.

These were some of the benefits of investing in cryptocurrencies. We hope you find these useful and reliable enough to embark on your crypto investment journey.

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The importance of cryptocurrency as a medium of financial transactions

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Nowadays, the world economy is only moving towards a complete digital eco-system and so everything from money transfer to investment is becoming paperless. And cryptocurrency is the latest as well as the most capable addition to digital payments. Cryptocurrency is basically a medium of exchange like the USD, but it is basically designed to exchange digital information. And here are some reasons why cryptocurrencies have become so popular in the recent past.

  1. Asset Transfer: Financial analysts often define cryptocurrency as a method that can be used to enforce and enforce bilateral agreements on products such as real estate and automobiles at a certain level. Also, cryptocurrency ecosystems are used to facilitate some expert transfer procedures.
  2. Transactions: In the conventional way of doing business, legal agents, agents and brokers can add some big costs and considerable complexity to a simple transaction. Also, there are brokerage fees, commissions, paperwork and some other special conditions that may apply. On the other hand, cryptocurrency transactions are one-to-one issues that mainly take place in some peer-to-peer structures of networking. This thing results in more clarity, greater accountability and less confusion in setting up audit trails.
  3. Transaction cost: Transaction fees often take a bite out of a person’s wealth, especially if the person makes a lot of financial transactions every month. But since data miners do number crunching which is basically compensated from the network involved by creating different types of cryptocurrencies and hence the transaction fee is not applicable here. However, one may have to pay a certain amount of external fees to be involved in the services of any third party management services to maintain the cryptocurrency wallet.
  4. More confidential transaction methods: Under the credit / cash system, the complete history of the transaction can become a reference document for the credit agency or bank, at the time of each transaction. At the simplest level, this may include a check for account balance to ensure adequate funding is available. But in the case of cryptocurrency, each transaction made between the two parties is considered a unique exchange where the terms can be agreed and negotiated. Also, here the exchange of information takes place on a “push” basis where one can send whatever they want to the recipient. This thing completely protects the confidentiality of financial history as well as from the threat of identity or account theft.
  5. Worldwide Easy Trading System: Although cryptocurrencies are mostly recognized as legal tenders at the national level, they are not dependent on interest rates, exchange rates, transaction charges, or any other tariffs imposed by a particular country. And using the peer-to-peer method of blockchain technology, transactions and cross-border transactions can be done without any complications.
  6. Greater access to credits: Internet and digital data transfer is the medium that facilitates the exchange of cryptocurrencies. Therefore, these services are available for knowledge of cryptocurrency networks, an effective data connection and immediate action on relevant portals and websites. The cryptocurrency ecosystem is capable of processing transactions and transferring assets once the necessary infrastructure is in place.
  7. Strong security: Once a cryptocurrency transfer is approved, it cannot be reversed like the “charge-back” transactions of various credit card companies. This can be a hedge against fraud that requires a special agreement between the seller and the buyer about a return policy or a mistake in the transaction.
  8. Adaptability: There are about 1200 types of altcoins or cryptocurrencies in the world today. Some of these are transient, but in certain cases adequate ratios are used, which illustrates the flexibility of this phenomenon.

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Cryptocurrency: Fintech Disruptor

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Blockchain, Sidechain, Mining – In the secret world of cryptocurrency, terms start accumulating minute by minute. While it may seem unreasonable to introduce new financial terms in the complex world of money, cryptocurrencies provide a much-needed solution to one of the biggest annoyances in today’s money market – the security of transactions in a digital world. Cryptocurrency is a defined and disruptive innovation in the fast-moving world of fin-tech, a relevant response to the need for a secure means of exchange on the day of virtual transactions. At a time when deals are just numbers and numbers, cryptocurrency offers to do just that!

In its earliest form, cryptocurrency is a proof-of-concept for alternative virtual currencies that promises secure, anonymous transactions through peer-to-peer online counterfeit networking. Wrong name is more of a property than real currency. In contrast to everyday money, cryptocurrency models operate without central authority, as a decentralized digital process. Within a distributed cryptocurrency mechanism, money is issued, managed, and approved by the collective community peer network – known as continuous activity. Mining Successful miners on peer machines also get coins to use their time and resources. Once used, transaction information is transmitted to the network’s blockchain under a public-key, which prevents the same user from spending twice each currency. The blockchain can be thought of as a cashier’s register. The coin is protected on the back of a password-protected digital wallet representing the user.

The supply of coins in the digital currency world is pre-determined, free of fraud by any individual, entity, government agency and financial institution. The cryptocurrency system is known for its speed, as transactions through digital wallets can generate funds in a matter of minutes compared to traditional banking systems. It is also largely unchanged by design, reinforcing the idea of ​​anonymity and eliminating the possibility of getting money back to its original owner. Unfortunately, the main features – speed, security, and anonymity – have also made crypto-coins a mode of transaction for numerous illegal trades.

Just like the real world money market, the currency rate fluctuates in the digital currency ecosystem. Due to the limited amount of money, the value of money increases as the demand for money increases. Bitcoin is by far the largest and most successful cryptocurrency, with a market cap of $ 15.3 billion, occupying 37.6% of the market and is currently priced at $ 8,997.31. Bitcoin hit the currency market in December, 2017, before crashing abruptly in 2018, trading at, 19,783.21 per coin. The fall is partly due to the rise of alternative digital coins such as Ethereum, NPCcoin, Ripple, EOS, Litecoin and MintChip.

Because of the hard-coded limits on their supply, cryptocurrencies are thought to follow the same principles of economics as gold – prices are determined by limited supply and fluctuations in demand. With the exchange rate constantly fluctuating, their stability is still seen. As a result, investing in virtual currencies is more predictable than a daily currency market at the moment.

In terms of the industrial revolution, this digital currency is an essential part of technological disruption. From the point of view of a casual observer, this growth can appear at once exciting, terrifying, and mysterious. While some economists are skeptical, others see it as an electric revolution in the financial industry. Conservatively, digital coins are set to replace about a quarter of the national currencies of developed countries by 2030. It has already created a new asset class in addition to the traditional global economy, and a new set of investments from cryptocurrencies will emerge in the coming years. Recently, Bitcoin may have taken a dip to spotlight other cryptocurrencies. But this does not indicate a crash of the cryptocurrency. While some financial advisers emphasize the role of government in cracking down on the secret world to control central governance mechanisms, others insist on continuing the current free-flow. The more popular cryptocurrencies are, the more scrutiny and control they attract – a common paradox that distorts digital notes and undermines the primary purpose of their existence. Either way, the lack of intermediaries and oversight is making it significantly more attractive to investors and making a huge difference in day-to-day trading. Even the International Monetary Fund (IMF) fears that cryptocurrency will displace the central bank and international banking in the near future. After 2030, regular trade will be dominated by crypto supply chains that will provide less friction and more economic value between technically skilled buyers and sellers.

If cryptocurrency aspires to become an essential part of the existing financial system, it will have to meet very different financial, regulatory and social criteria. It needs to be widely protected to provide hacker-proof, consumer-friendly and basic benefits to the mainstream financial system. It should not be a channel of money laundering, tax evasion and internet fraud but the identity of the user should be kept secret. Since these are essential for digital systems, it will take a few more years to understand whether cryptocurrency will be able to compete fully with real world currencies. While this may happen, the success (or lack thereof) of cryptocurrency in tackling the challenge will determine the fate of the monetary system in the days ahead.

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Is it possible to invest in Bitcoin?

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You are reading this article after the latest craze to jump the price of Bitcoin which seems to be more embarrassing than the 20,000 mark. Now you are looking for reasons to invest in this cryptocurrency and blockchain technology. Here are some of your reasons:

More to come

The first thing many people think when they hear about the current price is that they are too late and those who are still buying bitcoin are just jumping on the bandwagon. In a real sense, there are many years left in the mine and the coin is still in its infancy (more like a teenager), its value will still rise and it is a good investment.

Automated technology

Blockchain is not just about cryptocurrency. This is the future of the supply chain and the fight against counterfeiting. Super smart protocols such as a DAO (decentralized autonomous body) and smart contracts are some of the things that arise from blockchain that automate an organization’s work and money transactions.

Safe

Every day people are robbed, banks are robbed. Bitcoin and blockchain ensures that the money stored in your digital wallet is at a level of security that is extremely secure from your cash depicted virtual number at your local bank.

Save money

Ever had a bad experience where you had to send some money to the other end of the world and the amount of charges for currency conversion, credit opening letters, banking charges, etc. made you cry? Bitcoin removes all that. Since there is no banking system for cryptocurrencies, there is no intermediary like a bank. You can avoid all these additional charges by sending money directly to the intended recipient.

Time is money

Did we mention you can send money directly yourself? This saves you time because you don’t have to fill out forms and applications. Just ask the recipient’s public address and click the required amount.

No inflation

Since Bitcoin is limited in number (only 21 million will ever be produced), the value of this cryptocurrency cannot be underestimated as a limited supply but the ever-increasing demand means it is a self-floating currency. No inflation translates to an excellent investment.

Your own

Remember the Greek financial crisis where city councils were asked to transfer excess cash to the central bank? With ordinary currency, the central bank owns, not you, and may force you to return it to them. Bitcoin is not owned by anyone, for the amount you own. No one can force you away.

It’s not too late to invest in Bitcoin and blockchain, but like other currencies the future can’t be predicted. Study your preferred bitcoin exchange chart carefully before making an investment.

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Crypto Trends 2017-01

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Everyone has heard of how Bitcoin and other cryptocurrencies have made them millionaires who recently bought a year ago. Not only is a profit of 1,000% or more possible, they are commonplace with many of these cryptocurrencies. Anyone who buys Bitcoin for less than $ 500 in May 2016 will have a 1,400% profit in about 17 months. Then over the last few days, we’ve seen Bitcoin lose about $ 1,000, so to call these cryptocurrencies volatile would be a huge contempt.

Since the introduction of Bitcoin in 2008, we have been skeptical of the survival of cryptocurrencies in Trend News, as they pose a very clear threat to governments who want to see all transactions and pay taxes. But while we may still be wary of real cryptocurrencies, we are very much aware of the potential of the underlying technology that powers these electronic currencies. In fact, we believe that this technology will cause a significant disruption in how data is handled and that it will affect every sector of the world economy, such as the Internet media.

Here are some questions and answers to get us started …

Q: What is cryptocurrency?

The most popular cryptocurrency (CC) is BITCOIN. It was the first CC, which started in 2008 Today there are over 800 CCs including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero and they are all “virtual”. There are no “physical” coins or coins.

Q: How does CC work?

CC is a virtual currency that exists in many large distributed databases. These databases use blockchain technology. Since each blockchain database is widely distributed, it is considered immune from hacking, as there is no central point of attack and every transaction is visible to everyone on the network. Each CC has a group of administrators, often called “moneylenders”, who verify the transaction. A CC called Ethereum uses “smart contracts” to verify transactions. Crypto TREND will provide more details in the upcoming news release.

Q: What is a blockchain?

Blockchain is a technology that underpins all CCs. For the purchase, sale or exchange of CC, each transaction is entered into a block which is added to the chain. This technology is complex and will not be explained here, but it has the potential to revolutionize the financial services industry, as transactions can be executed quickly and easily, and fees can be reduced or eliminated. The technology is also being tested for applications in many other industries.

Q: Is CC Exchange regulated by the government?

For the most part, the answer is no, which is a big attraction in this market for some users. It’s a “wild west” right now, but governments in most developed countries are examining the market to decide what controls might be needed. A big decision is whether CC will be considered as a currency or a product / security. Canada and the USA have so far declared that CCs are legal, but the situation remains fluid in terms of reporting and tax impact. Crypto TREND will follow and report on these developments.

Q: How do I invest in this market?

You can buy, sell and exchange CC using the services of specialized “exchanges” that act as brokerages. You start by selecting an exchange, setting up an account and transferring Fiat currency to your account. You can then place your purchase and sale CC order. There are many exchanges around the world. Opening an account is fairly easy and these exchanges have their own rules about initial funding and withdrawals.

Crypto trend CC exchange will be recommended in future.

Q: Where do I put my CC?

You need to have a digital wallet to get the freedom to move your crypto currencies around and pay the bills. These wallets come in a variety of formats, such as desktop, cloud-based, hardware (USB), mobile phones and paper. Many of them are free, however, security is a big factor because no one ever wants to lose or steal their wallets. Crypto TREND will recommend digital wallets in the future.

Q: What can I do with my CC?

In addition to investing in CC products, you can also use cryptocurrencies for some financial transactions, such as money transfers and bill payments. The list of cryptocurrency companies is growing rapidly, and includes big hitters such as Microsoft, GAP, JC Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zynga, Subway, and WordPress.

Q: What next?

As we get started, we will keep each crypto trend article short and keep the scope of each as narrow as possible. As we mentioned earlier, we believe that cryptocurrency technology will be a game changer and potential investment opportunities like this come once or twice in a lifetime. Make no mistake, the initial investment in this sector is only for your most speculative capital, the money that you can lose.

Even if you don’t want to invest at this point, gaining an initial idea about this new disruptive technology will put you in a convenient position to benefit from our recommendations as we move forward.

Hope to see more news and specific recommendations from Crypto TREND as we embark on this journey that may seem like a foreign jungle at first. It is a volatile market and may not appeal to all investors, however, the crypto trend will be your guide if you are prepared.

Stay tuned!

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6 advantages of cryptocurrency

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Cryptocurrency is a digital alternative to using credit cards or cash to make daily payments in a variety of situations. It continues to grow as a viable alternative to the traditional payment system, but it needs to become more stable before it can be fully welcomed by the general public. Let’s take a look at some of the many benefits of using cryptocurrency:

Fraud – Any problem with fraud is kept to a minimum because cryptocurrency is digital which can prevent a reverse or counterfeit payment. Such a move can be a problem with other traditional payment options, such as credit cards, due to charge-backs.

Identity Theft – There is no need to provide personal information when using cryptocurrency which can lead to identity theft. If you use a credit card, the store provides a lot of information about your credit line, even for very small transactions. Also, credit card payments depend on a pool transaction where a certain amount is requested from an account. With a cryptocurrency payment, the transaction is made on a push basis, which gives the account holder the option to send only the exact amount without any additional information.

Versatile use – a payment by cryptocurrency can easily comply with certain terms. A digital contract may be made to be completed at a future date, subject to external information or payment subject to approval by a third party. Even with a special contract, such payments are still very fast and effective.

Easy access – The use of cryptocurrencies is widely available to anyone with access to the Internet. It is becoming very popular in some parts of the world, such as Kenya, where about 1/3 of the population uses digital wallets through local microfinance services.

Low Fees – It is possible to complete a cryptocurrency transaction without additional fees or charges. However, there may be a small charge if a digital wallet or third party service is used to hold cryptocurrency.

International Trade – This type of payment is not subject to the country’s specific tariffs, transaction charges, interest rates or exchange rates, which makes it relatively easy to complete cross-border transfers.

Adaptability – With around 1,200 unique cryptocurrency types on the world market, there are plenty of opportunities to use a payment method that meets specific needs. While there are plenty of options for using coins for everyday use, there are also those for specific use or in a specific industry.

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