Category Archive: adoption

flying baloon

Cryptocurrency and the Future of Business

Cryptocurrency and the Future of Business

Cryptocurrency users are still a small minority. The total number of users was at 106 million as of January 2021. That sounds like a lot, but when you consider a global population that is nearing 8 billion, you can see that it is just a tiny fraction of people using crypto.

Whether you are in crypto or not, it is going to have an increasing effect on business. You can see Bitcoin mining operations selling shares on stock exchanges, large businesses looking into uses for crypto coins, and more people taking an interest in buying and using cryptocurrency.

At the current trend, crypto coins are becoming more common every year. If it holds, it might not be a matter of if people start using different cryptocurrencies, it could just be a question of when.

Crypto for International Transactions

In the digital age, businesses are now connected internationally like they never before. Beyond the large multinationals, it is increasingly becoming common for smaller businesses to have significant international connections. This is not only true as it concerns deals with other companies, but businesses now have employees or contractors they work with from around the world.

Using cryptocurrency as a medium of exchange for international transactions could solve a lot of problems for these businesses. First, cryptocurrency could ease the burden of having to convert currency for several different countries. Beyond that, it could also make transactions faster, cheaper and more convenient by cutting out the traditional middlemen that would typically be in the middle of these transactions.

Adoption by Mainstream Institutions

One of the factors that have held back many cryptocurrency markets is the lack of support from mainstream institutions. Banks wouldn’t let you make transactions with crypto exchanges, and it was hard to find businesses that would allow you to use your cryptocurrency. This is changing rapidly.

Beyond the ability of investors to use an ultra fast trading app to make trades, we now see a range of big institutional investors buying cryptocurrency. Along with that, some of the world’s largest financial businesses are starting to work with crypto. As an example, PayPal started offering a range of cryptocurrency services earlier this year. You also have major credit card companies that are starting to work with crypto on a limited level.

Crypto as a Real Store of Value

One of the main claims of many crypto skeptics is that the coins have no inherent value. This is true in a sense. The value of most crypto coins is solely based on the perception of people in the market. While that might be true, you could make the same argument for most fiat currencies. The value is based on the fact that people will accept it in exchange for goods and services.

Crypto has an advantage over many fiat currencies: the fact that many crypto coins have a limited supply. As inflation acts on fiat currencies, crypto could grow in popularity as a hedge. In the future, many investors will hold crypto in the way that they hold gold as a protection against inflation.

Tokens as Business Equity

Raising or distributing equity usually means creating conventional shares of the business. While this could be a way to raise money or provide value to employees, it does come with a range of hurdles. One way to get around many of these hurdles would be to create crypto coins that represent shares in the company.

Instead of jumping through all of the regulatory hoops to issue shares, the business could give people crypto coins as equity. Instead of holding an IPO, the business could do an ICO as a way to raise capital from investors.

Crypto for Crowdfunding 

With the rise in crowdfunding platforms, the ability to raise money is easier than it ever has been. These platforms not only make it easy to raise money from the public, but they also offer a level of transparency that is popular among those looking to donate or invest. With that said, these platforms often take a significant portion of the funds in fees.

Using a blockchain wallet for crowdfunding could be a way to get the transparency of a crowdfunding platform while avoiding the fees. This would allow those looking to raise funds to do so off a platform, but with the blockchain ledger, potential donors or investors could still see the donations coming in.

Crypto is a field that is always evolving. As businesses see the benefits and new applications become available, it will become more common. With that said, the markets are unpredictable. The only thing that we can be sure of is that there will be ups and downs along the way.

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Sergio
cryptocurrency tablet

Impact of DeFi on the Cryptocurrency market of 2021

Short for decentralized finance, DeFi is a new wave taking over the world’s financial market; the cryptocurrency world. DeFi is the conception that entrepreneurs can provide traditional financial institutions functions through a decentralized medium. There are cryptocurrencies like Bitcoin and Ethereum, the former of which has been causing significant ripples in the crypto-world since the last quarter of 2020 and the beginning of this year.

Although Bitcoin and Ethereum are the forerunners of DeFi, newer and somewhat better altcoins are coming into view. An example is Dai, a bitcoin-resembling digital token that hopes to remain independent of the world’s central banks’ influence. Unlike centralized finance and traditional banks, DeFi takes away all the cumbersome operations, go-betweens, and high costs often involved. This it does via smart contracts and to the benefit of the end-user. The closure of many industries during this era of the COVID-19 pandemic has served as a wake-up call to consumers of fiat currencies on the futility and loss of value of such coins.

This wake-up call has been occurring in places where the government has been pumping more money into their economies even though they have taxes to be paid. Such practices make the value of such currencies questionable. As a result of such act, fiat currencies’ values have been seen to fluctuate and fall considerably, often leading to inflation. An example is in Venezuela’s economy where inflation has risen by more than 1,000,000% due to the influx and pumping of more bills into the economy.

Often, the influx of newly minted bills into the economy does not mean these bills will get to such currencies’ end-users. These often serve as injections into the banking sector. But when they come as benefit checks and government aids, this inflation in money supply results in taxes. Also, they help boost the stock market and the stocks of the top 1%, rather than help the thousands and millions of individuals and businesses that need such aids.

The Impact of DeFi in the cryptocurrency market

The increasing dissatisfaction and discontent with traditional banks and centralized financial systems are momentous. The high availability of information about the growing offers in the crypto sector is finally providing people with better alternatives to traditional banks. These alternatives come in the form of DeFi (decentralized finance) where people can now take part in a mode of operation that will work for them. This means that people’s money will now work for them instead of the other way round.

Investing in the cryptocurrency market is becoming more comfortable and more widespread than when it first emerged with Bitcoin as its forerunner. As the first DeFi system, this paved the way for other altcoins, including Ethereum, Tether, Polkadot, XRP, and Cardano. These cryptocurrencies have come a long way and have become potential collaterals when taking out traditional bank loans. These loans can be collected regardless of what your credit score is. They serve as a way of getting cash when you need it irrespective of the availability of physical collateral.

The influence of cryptocurrency is rising steadily in developing countries where inflations often caused by government policies and central bank cash injections result in the loss of value of people’s savings and business capitals. Buying and investing in DeFi systems has provided a remedy to that, whereby the value of fiat currencies that have been converted to cryptocurrencies experience growth and provide means of decentralized financial transactions with relatively low costs from traditional banks.

Opportunities and Growth

The opportunities created by cryptos seem even better in developed countries. Large amounts of money are readily available and can be invested in trusted cryptosystems where stable profit and immense gain are assured. This steady return has been made evident in Bitcoin and Bitcoin price prediction, which has been steadily increasing more than fiat currencies. Its independence from centralized financial systems has served as a contributing factor rather than a deterring factor.

Amidst the use of DeFi systems by individuals and some businesses, there is a need to increase its development and efficiency to encourage its adoption by institutions. Through this, the DeFi industry will rise from the position now as a Billion-dollar transaction pathway to a trillion-dollar one, where the costs of transactions go down while profits and investment increase. This aim of getting institutions into the DeFi industry is already in motion. Individuals and groups are coming together to develop decentralized financial apps that are better and more decentralized than their forerunner. Such a better DeFi system could come in the form of large and small security circles where a single user cannot overturn the currency’s stability, and a central body cannot determine a price change.

With this growth in the use of DeFi systems and the coming in of institutions into the crypto market, real-world assets can be brought into the blockchain, which will help and promote the growth of DeFi. This would include transferring trillions of fiat currencies and precious stones such as gold or silver onto the blockchain. And their movement can be done at the cost of no more than a nickel and no intermediary fees and liquidity limits. With DeFi as an alternative to centralized financial systems, governments will have little to no control over the wealth that cannot be generated by individuals that make use of the system.

Conclusion

With the growth of decentralized financial systems in the last two decades, the move from fiat currencies to cryptocurrencies seems irreversible. And that’s a good thing since, through DeFi systems, the distribution of wealth among crypto-users can be regularized and stabilized. This would ensure equal wealth distribution on the platform, which can only be influenced by cryptocurrency owners when they invest more fiat currency into the platform.

 

BIO John Edwards
John Edwards is a writing specialist who works at The Writing Judge. He is looking for ways of self-development in the field of writing and blogging. New horizons in his beloved business always attract with their varieties of opportunities. Therefore, it is so important for him to do the writing.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Generation X vs. Generation Y | Adopting Cryptocurrencies

The world’s financial institutions are currently observing a vast digital ecosystem being expanded with reports for new digital currencies akin to the likes of cryptocurrencies to be launched soon. While these CBDCs (central bank digital currencies) are proclaimed not to harm or replace cash and other forms of legal tenders, we cannot help but talk about the ones instigating the change.

Cryptocurrency became popular since the launch of Bitcoin back in Jan 3rd, 2009. Ever since then, cryptocurrencies have seen a rise in popularity amongst the masses.

According to a recent study by Tech Jury, the cryptocurrency market cap has reached $265.545 billion as of May 2020. By 2023, the global blockchain market is expected to reach $23.3 billion. Furthermore, Bitcoin alone accounts for $6 billion of daily online transactions.

Moreover, cryptocurrency users have exceeded 40 million globally. In light, of this information, let’s take a quick look at how Millennials compare to Generation X when it comes to adopting cryptocurrencies.

Generation X

Generation X is widely regarded as the generation that followed Baby Boomers and preceded Millennials. Their age groups range from 40 to 55 years old as of 2020. Here is how Generation X is reacting towards cryptocurrency:

  • Investment Growth among Boomers & Gen X

While Millennials are regarded as the prime suspects for capitalizing on the crypto market, surprisingly both Baby Boomers and Gen X are being currently observed to closely follow the trends.

Hence in recent years, many sources have cited an increase in investment of cryptocurrency as both Boomers and Generation X take charge to close the gap. In some cases, they were also found to have more than doubled their investments.

 

  • Month on Month Growth

It seems like the word of mouth and awareness about cryptocurrency is spreading like wildfire as Generation X is seen to understand the value and find blockchain as a reliable security measure. Understanding the benefits of fast and instantaneous transactions, the group of disaffected people and entrepreneurs is already showing signs of crypto is affecting their thinking for the future.

Reports are coming in, showing an evident increase and Month on Month growth patterns. According to a study by Mode Banking, both Baby Boomers and Gen-X have shown a trend of increasing their investment in cryptocurrency by over 100%, especially during the COVID-19 pandemic.

  • Wealth Protection & Asset Diversification

With the current economy ridiculed by the pandemic, the growing fear for wealth protection has led Baby Boomers and those belonging from Gen-X to invest in resources that can allow for asset diversification. Cryptocurrency so far has been observed as the most favorable type of investment to safeguard personal wealth.

Generation Y

Otherwise known as Millennials, Generation Y is widely regarded as the generation succeeding Gen-X and Baby Boomers. Their age groups range from 24 to 39 years of age. Often regarded as the parents of Generation Alpha (like my darling son!) they were born into a world that as quickly becoming familiarized with the internet, mobile devices, and social media.

  • Growth of Alternative Asset

Millennials view of cryptocurrency is that of an alternative asset. Surprisingly not many of us want to invest in stocks and are more interested in assets that are backed by technologies. According to a recent study by Coin Telegraph, Millennials are three times more likely to invest in cryptocurrency as compared to Generation X. Furthermore, 9% of Millennials chose crypto as their long-term investment option.

Students applying for and seeking dissertation assistance are also looking for ways to invest alternative asset that can help secure their personal wealth for the future. It is important to note here that while both real estate and stocks are also good options for Millennials, they are currently dominated by Baby Boomers in the present times.

  • Shifting Presence for Everything Digital

Studies from different financial institutions and digital currency markets are coming in showcasing Millennials as a driving force for the adoption of Bitcoin for years to come. Zac Prince, the CEO and founder of BlockFi, identifies a major trend for Millennials where they seek everything digital.

Furthermore, with Bitcoin reaching its all-time high and pushing over $23,000 per coin as of Dec 17, 2020, who can blame Millennials for making the right choice so far!

  • Wealth Transfer to the Young

There is a Japanese idiom that states the next generation as the actual king of the world. Come to think of it this world will always belong to the next generation that is how our life expectancy is all about. We may get to live 100 years, but eventually, the circle of life catches up to us. As we depart, the new generation takes to the throne.

For countless eras, this is how wealth has been passed down from old to the young. Currently, Millennials are in the process to take control and eventually move Boomers out to take their seat on the ruling chair. This transfer of power and wealth on a massive scale will indefinitely cause investment in cryptocurrency to rise by a tremendous rate.

Conclusion

Cryptocurrency is on the rise with Bitcoin riding the tidal wave in recent times. Not only digital assets and crypto are skyrocketing, but even the BIS (Bank of International Settlements) is also considering launching digital currencies with the help of IMF and 60 central bank members.

Someone really has to be blind enough to not see how things are rapidly changing and converging towards digital resilience. So far Millennials and Gen-X have shown their growing interest in adopting cryptocurrencies with Boomers lagging behind to catch up on the trend.

Author Bio

Samantha Kaylee currently works as an Assistant Editor at Crowd Writer. This is where higher education students can acquire literature review writing service UK from professionals specializing in their field of study. During her free time, she likes to catch up on all the latest tech developments happening across the globe.

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Satoshi
Blockchain-Revolutionizing-Banking

How Blockchain Technology is Changing the Banking Industry Forever

By far the biggest threat to banking in, well, living memory, has been blockchain technology. More specifically, cryptocurrency, but we’ll focus on the technology as a whole since this is what has been driving the movement.

All the tech companies in the world have been using it, including Google, Facebook, Apple, and Amazon, and a vast number of FinTech services, which is why it’s being seen as such a threat to traditional banks, but why is this happening?

What’s so important about blockchain?

In today’s post, we’re going to explore how and why blockchain technology is making such a big difference to the traditional banking format, and how the future of this industry is looking.

How Blockchain Technology is Changing Payments

First and foremost, and by far the biggest form of change that blockchain is bringing into the world, is how financial payments are made and the way modern-day payment systems work. Whereas traditional banks can take a few working days to make a payment, meaning some international payments can take a very long time, blockchain payments are instant.

Since all you need is an internet connection to make the transaction, most will be handled and completed in a matter of minutes. These transactions can happen across borders to anywhere in the world, are extremely secure (especially when compared to traditional methods) and happen pseudoanonymously.

Due to the nature of blockchain technology, the costs involved in these transactions are usually very small, typically only several cents per transaction. This means that sending money across to the other side of the world is far cheaper than traditional wire companies, such as Visa or Western Union.

In the same way, remittances are also changing. Whereas overseas remittances are expensive and long-winded, with high processing times and the fact the money can be stolen, taxed, or subject to legal issues along the way, a blockchain process basically eradicates all these issues. There are dozens of companies already set up and operating to offer these services.

The Way Account Managing and Deposits are Handled

In the traditional way the world works, consumers tend to use banks to hold money in either their savings or checking accounts. Then, the bank will loan out the money being held to make money on top of the money you’re saving, and the cycle continues. This means when you look into your bank account, much of the money you have isn’t actually being held by the bank, but instead is out in other people’s accounts as loans.

If every customer of a bank went to the bank and withdrew everything they had, the bank would collapse. It’s a very fragile system that many consumers are unaware of. However, while this system isn’t going to change any time soon, blockchain technology can make the management of this system far more effective.

Due to the benefits that blockchain technology provides, these account ledgers are far more secure, far more reliable, and far more accessible. This means banks can accurately manage their ledgers to ensure that they aren’t taking out too many loans and will actively help reduce the risk of bank run, or the system crumbling.

A Reduction in Fraud

Fraud has always been a problem in the financial industry, and it costs people around the world billions of dollars every single year. However, for the similar benefits, we’ve spoken about above, blockchain is making things far more secure.

Since the vast majority of traditional banks are set up and organised around a centralised system, malicious people can target the centralised system to commit the acts of fraud. While there have been many measures to make the system as secure as possible, this isn’t fall-proof, and statistics show around 45% of all financial institutions are prone to fraud attempts.

Blockchain is a decentralised system, which means it’s everywhere and nowhere at the same time, which makes it incredibly difficult to fraud and theft to take place. There’s no single point of access like there is with a centralised banking system and trying to get into such a system means diving into layer upon layer of encryption, all spread out in hundreds of thousands of locations.

What’s more, every single change that takes place on the ledge is capable of being seen by every other person and system that has access to the ledger. This means if any fraudulent activity takes place, everyone can see it instantly and correct it. This will help protect people’s money and keep the system afloat.

Katherine Rundell is a finance writer at Academic Writing Services and Essay Writing Services. She writes about blockchain and banking and aims to help the world get educated about finances in a time where they can seem so out of control.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi
Crypto Hedge Funds Bitcoin

How Cryptocurrency is Paving the Future for Hedge Funds

We all know how cryptocurrency rose to power and the impact it’s having on the world, but now it’s confirming its place as a form of finance that is used and accepted around the world, it’s time to look to the future, in particular, hedge funds.

Have you ever thought about how cryptocurrencies are effective hedge funds, and how many believe that cryptocurrencies are, in fact, the future of hedge funds? Well, the future is now. Crypto hedge funds are already popping up here and there, and while 150 exist at the time of writing, there are many more on their way.

In fact, many believe that this number could double, if not triple, over the coming year. While it’s clear the venture capital industry is changing as we know it, today we’re going to share what we already know, and what we can expect in the coming years.

It’s Far from Ready

By many estimates, there are over 15,000 hedge funds around the world, 150 cryptocurrency hedge funds don’t seem like a lot. Even if you triple this number to 450, that still such a small percentage of the total hedge funds count, so why is this such a big deal?

The truth is, the industry is still growing and finding its feet, which means once it’s able to stand up for itself, so to speak, then it will really start to take up. At the moment, it’s still in its crawling days.

Rough estimates state that the hedge fund industry is worth around $3 trillion, whereas the amount of money going to cryptocurrencies is only around $3 billion. I know these are still huge sums of money, but on the grand scale of things, it’s tiny. However, this is predicted to change over the next 12 months.

This is because cryptocurrency values and estimates are still way too high, and many cryptocurrencies are way too volatile, which means investors are being cautious around them. Additionally, with so much competition in the industry, it’s hard for investors to know what to focus on, and what investment opportunities are worth the risk.

Many people still see investing in cryptocurrency as gambling, and it’s true, there’s still a huge factor in investing it. However, if the rate of integration of cryptocurrency into the mainstream continues as well as it is already, this shouldn’t continue to be a problem over the next few years.

When you consider that the top 35 cryptocurrencies are valued at over $1 billion, so it’s not going to be ignored any time soon.

Technology is Evolving

Of course, blockchain technology is responsible for making cryptocurrency work in the way it does, but it’s important to note that this technology is still evolving. There’s no denying that the technologies and services are still being invested in, but it’s a long way off being where it needs to be, although this is changing rapidly, and the hedge funds markets are reflecting this.

The more success that comes from the technology, the more it will be developed, and the more funds it will have invested in it, and therefore the faster it will evolve. This will be represented by a rapidly spiking curve over time and will happen fast.

The Tides are Changing

Look at the market, and what do you see? There’s no denying that cryptocurrency is the way that the market is going to go. After all, millennials are already ‘unbanking’ and moving their money in cryptocurrency deposits, rather than traditional banking systems and networks.

Traditional banking systems are noticing this and now, of course, have to consider cryptocurrencies in their banking strategies, and will continue to do so over the coming years. From an investor’s point of view, it’s important to start looking at these strategies and at how cryptocurrencies can be incorporated into their investment strategies.

If you don’t already have a cryptocurrency investment strategy existing, this is something you need to think about because you’re going to be left behind.

Although investors with cryptocurrency strategies are already ahead of the curve, the tides are changing fast, and you don’t want to be left behind and without a strategy when cryptocurrencies play such an integral role in the markets.

Michael Dehoyos Photo

Michael Dehoyos is an economic consultant and editor at Coursework Writing Services. He assists companies in their marketing strategy concepts, and contributes to numerous sites and publications, as well as offering investment advice.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi
cryptocurrency-volume-fake

95% of Cryptocurrency Volumes is Fake

If you have been trading on a cryptocurrency exchange, you might have noticed how these platforms work. Buyers and sellers come together to exchange their favourite coins, in hopes of making a profit. The total volume of those transactions determines the popularity of an exchange, as well as the liquidity of cryptocurrencies.

For the longest time, the public used reported daily volumes of exchanges to determine the quality of an exchange and, as an extension of that, the best option to exchange cryptos quickly.

However, one strange thing started to happen as cryptocurrencies became more popular. The exchanges with the highest volumes were relatively unheard of and, in some cases, completely unknown.

This confused many market participants. How can an exchange with only 2000 Facebook fans and a quiet Telegram group have 3x more volume than Bitfinex?

And how can those same exchanges not create any liquidity for new coins, even though they report such massive numbers?

Long and behold, Bitwise launched an investigation to explore the causes of this issue. A short while later, in a 104-pager, they shared their findings with the world.

Most reported volumes are fake

According to the research performed, many cryptocurrency exchanges were artificially inflating their reported volumes. In fact, the numbers were so highly inflated that it is assumed that about 95% of the total volume is actually non-existent.

Why does this happen? Well, according to the same paper, it happens in order to increase the exchanges’ market position and make more profit on new coin listings. This, of course, makes it hard for new market participants to trust exchanges.

The logical thing to do then, is find platforms that you can actually trust. Exchanges that report real volumes, coherent with the activity of their users.

Paybis has created a helpful infographic to help you understand which platforms you can actually trust. Check the following infographic to better understand the findings of Bitwise.

fake-volume-infographic

As you may have imagined, the news was unpleasant for most crypto-enthusiasts. In fact, the community demanded answers from CoinMarketCap. The company that got recently acquired by Binance tackled this issue by introducing a Liquidity metric. Based on this, users are better able to distinguish between honest and “scammy” exchange platforms.

After its acquisition by Binance, the Reported Volumes metric also got a pleasant refresh. Volumes now look a lot more realistic and in line with the actual volumes being made on a daily basis.

Where do we go from here?

Cryptocurrencies, as a market, are still in their infancy. Thankfully, as the space keeps improving, so do the metrics of data collection. As such, it is expected the following year will completely eliminate irrelevant platforms that offer now value to the space.

Moreover, many new FIAT on-ramps for different countries are appearing on the market. We expect that this effort will continue and, eventually, increase the standard of requirements for the proper operation of exchange platforms.

By all means, the cryptocurrency space looks massively different than what it did two years ago. And with companies like Bitwise analyzing the market and helping its growth, we are more than confident about the next 2-5 years.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi
bitcoin-bottom

Has The Crypto Market Bottomed After Bitcoin’s 50% Collapse?

The second half of 2019 was really difficult for Bitcoin. According to independent experts, the total volume of public digital assets has decreased by more than 50% – from $388 billion to $166 billion. However, there is other evidence. Yes, the cryptocurrency market really fell to the bottom if you look at these statistics, but let’s not forget that market conditions are dynamic. And the factor that means failure today may well mean success tomorrow.

Another Side of the Coin

There were periods of stabilization of the exchange rate, but for a long time cryptocurrency lost much in price. At one time, panic even started on the market, and Bitcoin was predicted to soon fall to zero. Against this background, the results of the year sounded quite unexpectedly: cryptocurrency turned out to be the most profitable investment. The coin rate rose from $4035 to $ 7344, providing investment growth by 82%.
bitcoin-transaction-volume-growth-2020

Crypto Market and Bitcoin in Modern Political and Economic Conditions – What to Expect in 2020?

This year will be great for Bitcoin, Wall Street analyst and Fundstrat founder Tom Lee suggested. The destabilization of relations between Iran and the United States is one of the reasons.

Plus, modern realities make it possible to add a supposedly modern coronavirus epidemic to these factors. However, at the moment there is no consensus among experts on how the coronavirus will affect the Bitcoin exchange rate. It is still unclear whether we are dealing with a real threat to people’s lives or is this another hype, a political company, or an attempt to distract investors from other, more important issues.

However, even those experts who believe that the disease can affect the main digital coin explain that this will happen only if the outbreak develops into a full-fledged epidemic.

Venture capitalist Tim Draper is also confident in the long-term growth in Bitcoin value. In an interview with FOX Business, he advised millennials to invest in cryptocurrencies, as they are on the verge of a new financial revolution. However, the explosion of the financial revolution will slow down due to the influence of the values ​​of older generations and the obsolescence of the current banking system.

Conclusion

Bitcoin exchange rates are very unstable. Cryptocurrencies have already shown that it can rapidly fall and take off at a breakneck pace. Due to this state of affairs, bitcoin does not inspire confidence among many investors who would be happy to invest big money in the development of the blockchain, but fear for their savings. In 2020, we are unlikely to have to observe the strong influence of this factor, but we should not forget about it.

About the author: Gregory is passionate about researching new technologies in both mobile, web and WordPress. Also, he works on Best Writers Online the best writing services reviews. Gregory in love with stories and facts, so Gregory always tries to get the best of both worlds.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi
trueusd-tusd-logo

Wallet TrueUSD: how to store TUSD

trueusd-tusd-logo

We always work to provide you with a better service, and now we are glad to announce our new Wallet TrueUSD.

We are very proud about this new implementation for storing safely this disruptive digital currency.

You can instantly purchase TrueUSD through your own HolyTransaction wallet now. Send them to any HolyTransaction’s user for free, and do crypto-to-crypto transfers from/to TUSD, and more than 25 cryptocurrency’s networks.

This stablecoin provides yet another instrument that can facilitate wider adoption. The team at TrueUSD has been able to create a trustable product that can enhance the cryptocurrency world.

The TrueUSD team plans to tokenize different assets like, TrueEuro, TrueBond, TrueYen, and stable baskets of tokenized products.

All HolyTransaction customers can create a new address for their own Wallet TrueUSD and use the simple HolyTransaction Web Wallet to send and receive transactions or to instantly convert them to any other supported cryptocurrency.

Just like Bitcoin and the other 29 cryptocurrencies we support, you can now:

  • Send TUSD to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange TrueUSD with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

If you can’t see your newest Wallet TrueUSD, just click on the “plus” button that you find at the top right of the balance page, after that you login into your wallet.

You can use the “plus” button to select the wallets you want to see in the dashboard:

Add new cryptocurrency

We’re really excited to be part of this new community!

NOTE: Our multicurrency wallet can store more than 25 digital currencies, including: Bitcoin, Dash, Ethereum, Dogecoin, Litecoin, Decred, Zcash, Dai Stablecoin, Augur, Enjincoin, Peercoin, Blackcoin, Gridcoin, Syscoin, Groestlcoin, BAT, BlockV, Vertcoin and TrueUSD, among the others.

 

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Satoshi
4 places where Bitcoin can actually be used, Holytransaction

4 Places Where Bitcoin Can Actually Be Used

4 places where Bitcoin can actually be used, Holytransaction

Bitcoin has transitioned into a stage of its evolution at which it is viewed almost entirely as a commodity. We discuss how to store it, compare it to gold, consider its long-term value, and generally treat it as a financial asset – even, to some extent, like a stock. This is perfectly appropriate given that the cryptocurrency’s volatility, as well as constantly wavering government positions on regulation, have kept it from being adopted as a widely used currency. The argument is over as to whether it is “more” currency or “more” commodity. It is the latter.

What sets bitcoin apart in some respects though is that it never did have to be one or the other. Consider the comparison to gold again. You may hold a stash of gold as a long-term protection of a chunk of your assets, and with the hope that it will appreciate in value. But you can’t exactly buy something online by chipping off a piece of gold (which in most cases you don’t even hold in a physical sense) and handing it over. This is true of most major investable commodities – but it is not true of bitcoin. As you’re likely aware, there are still places that it can be used like ordinary money, even though it is best viewed as a long-term vehicle.

For those interested, the following are among the most noteworthy places you can actually use the cryptocurrency for practical purposes.

1.) Travel Booking Websites

Bitcoin made something of a loud entry into the travel booking business when it was accepted by Expedia and Air. These were among the biggest or at least best known companies to embrace cryptocurrency early on, and even though Expedia has since renounced cryptocurrency, the notion of using bitcoin for travel-related costs caught on. Travel platforms accepting bitcoin or other cryptocurrencies still include various air travel and hotel booking companies, which means people are free to address what are often some of their biggest expenses in a given year via cryptocurrency.

2.) Microsoft Gaming

Fairly early on in bitcoin’s expansion to the mainstream, it was attached to video games, not necessarily through Microsoft so much as Steam. An online service that allows people to download a gigantic range of games, Steam was in some ways a perfect vehicle for purely digital transactions. However, the services topped accepting bitcoin due to volatility. In the meantime, Microsoft kept right on accepting cryptocurrency and is now one of the more significant companies doing so. In particular, Xbox-related purchases through Microsoft platforms can be conducted via bitcoin.

3.) Gaming

gaming is an interesting category, because it is almost like its own separate gaming industry. It’s comprised of and table games, digital slot arcades, roulette, and more, and in some cases a site will also have an included sportsbook. Payment options vary greatly, with some sites requiring credit card information and others using payment processors; in some cases, games are presented for free play as well. However, there is now a small but growing list of online sites that do take cryptocurrency deposits, and which also issue crypto payouts. It’s not a stretch to say that in short time bitcoin could be the norm for this particular form of entertainment.

4.) Shopify

Shopify is a more specific mention here, but feels like one of the more significant areas for bitcoin adoption, simply because it represents a busy, peer-to-peer marketplace. The fact that bitcoin can be used to buy goods via Spotify indicates that in some cases people prefer it when dealing with other people, rather than companies, and opens the door to all kinds of potential crypto marketplaces in the future.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack
rocket-batch

Batching Bitcoin and Litecoin transactions

HolyTransaction implemented SegWit on Bitcoin and Litecoin back in November 2017; and now we are glad to announce another upgrade to help the BTC network, as well the LTC network, reduce its transaction fee costs.

We implemented batching of transactions to help reduce fees for the entire network in order to strengthen the ecosystem.

Batches now allow grouping similar transactions and processing them together, as one transaction in one single moment. Thanks to this process, HolyTransaction is able to help conserve precious blockspace on the Bitcoin network.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi