Finance and Crypto

Plus Side of Cryptocurrency As A Global Payment Method

With the conception of the blockchain technology and cryptocurrency, a fast and inexpensive global payment method is also created. Moreover, platforms and software like Coinpunk make it possible for users to send and receive cryptocurrencies securely.

Plus Side of Cryptocurrency as a Method of Payment

As cryptocurrency and the blockchain have taken over almost every industry, it has provided users an easy, fast, direct and secure way of making payments as it eliminates the need for a third-party or middleman to complete these payments. Below are a few advantages of cryptocurrency as a payment method:

 

You Could Take Them Anywhere

Since cryptocurrencies are stored in a digital wallet, you could manage them from any electronic device such as a laptop, computer, or a smartphone as long as you have a reliable connection to the internet as well as the particular platform or software need to send and receive payments.

Ownership and Management is Yours

Cryptocurrency in your digital wallet is yours to manage provided that only you know the password to it. The crypto coins are entirely yours and nobody else could use it. On the other hand, when you deposit your cash into your bank account, you give authority to the bank to manage your account for you. As you make payments, the bank functions as a middleman between you and the person or company you are doing business with. With cryptocurrency, transactions are immediate and direct without the involvement of a bank or intermediary since crypto transactions are based on a p2p model.

 

Transactions Could be Traced 24/7

Every single transaction in the blockchain is validated by a network called nodes that is decentralized. Transactions are stamped in real-time and is linked to the foregoing transaction, which creates a series of transactions that is in chorological order. These transactions are irreversible and is unceasingly synchronized as well as updated on every device within the blockchain network. This then makes it difficult even impossible for the sender to undo payments or a third party to manipulate or change the payment. Furthermore, everyone in the blockchain could constantly validate if a transaction has transpired or not.

 

Includes the Unbanked

About 2 billion individuals across the globe have no access account in the bank or have access to banks. However, majority of these individuals have a smartphone. The blockchain technology and cryptocurrency make it possible for these individuals to make financial transactions through their smartphones and biometrics, which could therefore raise their prosperity.

 

High Degree of Privacy

So as to carry out transactions via a bank, it is a necessity for you to furnish them with specific personal info. In contrast, payments done through cryptocurrency don’t require you to provide such information. Moreover, transactions are done anonymously. The level of anonymity and privacy differs from one cryptocurrency to another.

Growing Your Cryptocurrency Investment

Cryptocurrency is among the riskiest and yet, most rewarding investments that you can make. Those who have made handsome revenue by investing in these digital currencies are ranging from average folks, nerds, tech-savvy individuals and the likes. This led people to seek info regarding smart cryptocurrency investment.

And if you are among those people, then this article is just for you.

Investing in cryptocurrency isn’t just because you are curious and want to give it a try.

It is a real form of investment and it requires knowledge on the project that you are investing in.

It is important to be mindful of what strategies other successful investors have done from using personal tradelines for sale here, buying and selling cryptocurrencies and everything in between.

Making Your First Revenue

If you’d like to see that first check coming in from your cryptocurrency investment, then it is recommended to cash in only a max of 50 percent or less. More so if you believe that the value of your digital currency will keep shooting up in value.

Others are calling this as the “Rake” approach. You are taking a percentage of your profit whenever your investment has reached its peak. Let me give you an example. You have bought 5,000 dollars worth of cryptocurrency at .50 cents. When the price has reached 5 dollars, you automatically made 10x gain which leaves you with 50,000 dollars.

Now, you are about to sell 20 percent of it which is 10,000 dollars and keep the 40,000 dollars left. During the bull market, 10x gains are not strange and in reality, they’re expected. This can be extremely effective before bearing a market wherein the price for most cryptocurrencies would drop since investors are selling their own tokens, enabling you to purchase them at a lower price.

What Drives the Increase of Coin Prices?

Among the reasons why prices for cryptocurrencies are increasing is brought by the supply of tokens. Much like the supply and demand of the world’s economy, the same concept is applicable in cryptocurrencies. Well, that is basically a straightforward explanation for it.

Making Financial Freedom Possible Through Cryptocurrency

American Pride Car Accident Cash Advance offer loans for individuals who have encountered an automobile accident. The said loan has aided numerous individuals who needed financial assistance following an automobile accident. The accident settlement loan is said to be non-recourse, meaning the loan is only repaid if the borrower has won the case. Such loan could be quite helpful to victims of such unfortunate automobile accident.

While this is one reason why people obtain a loan, others take loans to make investments to steer towards financial freedom. For many, investing in cryptocurrency is one path to take.

Every so often, a lot of individuals question what cryptocurrencies are really and what the point is. In the West, the need for financial freedom isn’t excessively evident. Consumers, without any second thought, are satisfied with entrusting their finances to third parties. For nations going through economic crisis, like Venezuela, there is an urgent necessity for cryptocurrencies as it is the only medium for residents to achieve financial freedom of at present.

Blockchain, Cryptocurrency and Financial Freedom

When Satoshi Nakamoto originated Bitcoin, the purpose was to build a financial system that is decentralized permitting financial freedom for its users. Realizing that the unanimity surrounding Blockchain could bring about improvement in various industries, in terms of financial freedom, how is it doing?

It might certainly still take a while before realizing and obtaining the entire benefits that the Blockchain technology has to offer. Taking into consideration the speedy growth and advancement we’ve witnessed in the Blockchain technology and cryptocurrency from the time of its creation, undoubtedly these potentials could be bewildering. Nonetheless, making the most of what is, we could begin to envisage how things will come about with reference to financial freedom.

 

Great Liquidity and Accessibility to Capital

What keeps the people in eternal dependency is that control and management of financial tools is fixated in the hands of only a few. Financial institutions like banks determine who they could finance, issue loans to and even manage access to an individual’s personal funds. Even for individuals who are unbanked, still banks could be damaging for them since they are deprived of professional financial succor.

As a system that is decentralized system, blockchain offers an option where individuals could select which currency to utilize and have complete control, management as well as access to it. By itself, one could utilize their finances for trade, purchases, investments and aid in funding ventures at any time. Notably, the worth of a given cryptocurrency isn’t reliant on the stability of government. Their value is influenced depend on their demand as well as use. Moreover, their limited quantity as specified in their codes signifies that there are very little likelihoods of fluctuation. Hence, individuals could have that security and assurance that in the event of a financial crisis, they won’t lose their property.

 

Transactions are Limitless

Several crypto payments could be made straightaway anytime and anywhere, and with no fee. This feature is also multi-faceted. Individuals don’t need to fret about the unavailability of the remittance service in a given place since individuals transmit funds to wallets wherever and whenever. Moreover, the fees placed on crypto transactions are quite low and there aren’t any rate fees for multiple exchanges. The concept of a real global community may be carried home by transactions based on the Blockchain. This will widely lay open trade around the world allowing individuals to earn in full measure for services that are online based.