Decentralized Financial Intermediation are made possible with the recent advances in the block chain technology. Centralization, are mostly centralized systems of financial intermediation. That is, a few key parties performing most of intermediation tasks for a vast network of users. By contrast Decentralized financial system like bitcoin has a network of users provide most of the intermediation tasks like transaction verification. The idea of decentralized mediation is not new and they have been around for decades but is new in the financial setting. The new setting is usually done in the block chain technology and some level of cryptography.
What is the goal of crypto finance?
It aims to disintermediate the back end of our financial system.
They aim to enhance some aspects in traditional bank driven centralized financial transaction system with a network driven, decentralized system on the block chain.
It aims to see where block chain delivers the most efficient gains and reduce cost.
Cryptocurrency is becoming a global phenomenon but it is still misunderstood by many. In the year 2018 major bank, accounting firms, software company, or government started to research on cryptocurrency. Some of them may also have started a block chain project. Many people fail to understand the basic concepts of Cryptocurrencies.
What are Cryptocurrencies:
This was invented by Satoshi in the year 2008. This was intended to be a pure electronic cash system. To make this possible one must have a payment network with accounts, balances and transactions. As we all know modern currency like paper currency, credits cards are all controlled by banks and government policy, cryptocurrencies are not. As of 2018 there are more than 1600 cryptocurrencies available. Popular ones include, Bitcoin, Litecoin, Ethereum and Z-Cash. Considering its current growth, we will be expecting many more to come. Cryptocurrencies are digital or virtual currency that are meant to be a medium of exchange. These digital currencies do not have a physical embodiment. It uses cryptography to work the way it does.
General characteristics of cryptocurrencies:
There’s a limit to how many units can exist.
Easily verifies the transfer of funds
Operates independently. They operate in a decentralized manner.
Allows new unit to be added only after certain conditions are met.
Traditional currency can be used to buy goods, items and services. Can we do the same with cryptocurrency? Up to this day people still view these digital currency as an investment. The usage of a currency is built on shared trust. This has been established in traditional money but not yet established in cryptocurrency. The use of cryptocurrency still has to gain the trust of the public.
There are a few online businesses that accept the use of these digital tokens. But their number is still too small to establish a good percentage of users. Some businesses are still experimenting on its use. They are still weighing the pros and cons to accept them. Still the use of these digital currency is still uncertain and questionable.
Business men are still skeptical to use them because:
1. Cryptocurrencies are unstable and volatile.
2. There are plenty of skepticism. These digital money are still new. They must pass the test of time and trust.
3. Cryptocurrencies can be used by criminals, hackers, and terrorists. They can be used for fraudulent activity.
It’s a fact that any types of currency that is introduced to the society must have the trust of the public. The public puts its trust to a legal tender that is supported as a real value or a legitimate currency to use. The public puts their trust to a currency that is truly accepted by other people and establishments. They put their trust in money that are not a counterfeit.
During the earlier days, there were currencies that were already recognized and trusted by the public. These were made out of precious metals that people used and recognized having value to exchange for goods and services. However, with the subject about cryptocurrencies, people are still skeptical and uncertain of its value. The value of cryptocurrencies is based by algorithms and are substantiated via electronic transfer of data. The people are questioning its reliability and trust. How will they rely on something that has no proof of identity? Are we safe to use cryptocurrencies especially that it is very vulnerable to hackers online? Can we trust Cryptocurrencies as much as we trust traditional currencies?
This article talks about the developing sensation of cryptocurrencies. It’s considered as a digital monetary asset. With the use of a Cryptographic decentralized technology its ownership is protected. The emergence of these digital currencies sparked some controversies and challenges. Yet, whatever the issues are, it still catches the attention of many investors, business owners, and the public. However promising, they still consider and reflect on the issues that come along with cryptocurrencies.
Here’s a few to mention:
Cryptocurrencies tend to experience considerable changes in its value or prices.
Cryptocurrencies didn’t pass through a regulatory and legal process. Because of this many are considering to have them regulated and or even have its usage banned.
These issues are often a cause of arguments rather than a solution. As of today there is still more to analyze and study about cryptocurrency. We still need to ponder on how it can put an impact to the economy, to one’s business and to the public.
The Foreign Exchange market is the biggest and most liquid in the globe. It is a global market that is decentralized wherein every currency in the globe is traded. It is decentralized since there isn’t a single physical place or location where fiat currencies are bought and sold by investors. Because of it being global, Foreign exchange is affected by a lot of factors like inflation, political announcements as well as employment reports. On a day-to-day basis, $5.3 trillion is being traded on average in the Forex market.
The Foreign Exchange Market
To be successful in the Forex market, many traders employ the expertise of Forex brokers. For example, https://moreforexbrokers.com/id/broker-forex/ provides a some of the best Forex brokers in Indonesia. Apart from them being regulated, they too are reliable and experienced traders with a trading platform that is secure. Moreover they also offer free training resources, sufficient trading tools as well as 24/7 customer support for an effective Forex trading experience.
The Forex market is potentially lucrative. And with the proper skills, trading platform, trading techniques, and the right Forex broker, you will have a greater chance to be successful in market.
The Cryptocurrency Market
Another market that is relatively new is the cryptocurrency market. Similar to the Forex market, it is also decentralized. This means that they aren’t backed or issued by any central authority like the government, but rather move across computer networks. However, cryptocurrencies, also called digital currencies, are different from fiat currencies since they are only hosted online and are backed by a P2P authentication process making sure that users only use a single cryptocurrency once. Furthermore, they are kept on a blockchain and just exist as a digital record of ownership that is shared.
The global market of cryptocurrency has achieved a market cap of over $700 billion, and crypto experts forecast that this number will only continue to grow.
Trading In The Forex and Crypto Market
Cryptocurrency trading can be compared to Forex trading as they involve the exchange or the buying and selling of a currency for a different currency. But both markets are influenced by various factors. Looking at history, the cryptocurrency market is much more volatile and unpredictable. Extreme currency pairs in the Forex market has a volatility of about 1%, and 5% for currencies that are most established. As a comparison, Bitcoin is about 5% to 15% volatile. Hence, cryptocurrencies become attractive to traders who have a high tolerance for risk.
Trading in the Foreign exchange market or the cryptocurrency market definitely involves an engagement of great levels. It also needs an effective and efficient planning of equity, appropriate risk-management plan, patience, persistence as well as a profound want to continually learn. With the necessary research and all the proper skills, techniques and planning, trading in either of these markets can offer extraordinary opportunities, especially for a knowledgeable investor.
The digital age brought so many changes in the way people live. We have been greatly influenced by the technology brought about by the Internet. It has greatly affected how men interact and how they execute commercial transactions.
With the Internet came about the existence of cryptocurrencies. People are still new to the term cryptocurrency. Although they have been existing for about a decade, its legality and status remain imprecise. Cryptocurrencies are usually focused on payment systems in the digital world. Although it has a very low operational cost, cryptocurrencies are still not regulated and governed by any type of Government Agency. The users of these digital currencies are solely responsible for their operations.
They have different definitions in different jurisdictions. Many ask if cryptocurrencies are considered money or even an asset. some countries are still analyzing the use of this. Many countries like the US and other nations in Europe are still working on regulating the cryptocurrency market.
The currency market also referred to as the foreign exchange market is a massive component in the world of financial strategy. Concerning volume, it’s the greatest market on earth, even bigger than the credit marketplace. This is just because it’s the marketplace surrounding the exchange of money for cash. Learn more about foreign exchange brokers and find forex broker lists here.
The currency market concerns itself with various currencies and the way they are traded. The commerce of U.S. dollars to Euros is one case of forex trade. Considering that the values of currencies and their equal value in other currencies change daily, some wise traders have capitalized on this and started lucrative livelihood in trading foreign currencies. How can someone get foreign currency to trade? Will they employ a forex broker company to help them get the money they need and then make transactions. Agents all work differently, but so here are a few of the advantages and disadvantages that may come from choosing to hire a broker:
Easy Access To Foreign Currency
Had people chosen to enlist the aid of a forex broker, they may need to return to a physical currency exchange then sit all day waiting for a profitable trade chance to develop or rush back to earn commerce while the getting was good. Currency traders are looking for their particular interests also, so their prices are usually greater than that which forex brokers cost.
Access To Practice/Demo Accounts
Most broker sites give either a limited sum of money or infinite funds to have fun with until they start trading for real. This permits them to acquire a sense of the markets without needing to lose tens of thousands of dollars in savings and understand if forex trading is ideal.
To make registering for their special service over a more desired, many agents provide bonuses to those who’d like to register, for example, $30 at no charge or additional cash per each dollar deposited which may be placed towards trading.
There are charges associated with almost every transaction made on a currency market, from financing the accounts to trading currencies and yanking monies into a financial institution account. Finally, forex brokers are companies and they attempt to secure their bottom line. The way they decide to remain in business is occasionally through smart procedures that imply their clients get to keep more of the cash, but some skim a whole lot greater than mandatory off the very best. Making certain to comprehend the charges surrounding a specific broker is vital to forex trading.
Some agents will take cash gradually but will be more reluctant to return it. Many agents have elaborate terms and terms intended to confuse and stifle attempts to withdraw cash or are outright scams which only become evident as soon as attempted to draw. In reality, some agents have high minimum draw requirements that make most dealers unable to draw the money back in their possession.
A fantastic forex broker will only serve interests while shooting a meager part for themselves to keep the service running. Lousy forex agents, on another hand, will defraud at each twist and penny-pinch where they could. Before committing to some forex agent make certain to research them broadly before committing. Do the best to locate non-biased sources of information regarding forex trading such as a 24/7 business so that people are not just being fed ads disguised as legitimate testimonials.
Ever wonder how Cryptocurrency works on the e-market?
It’s important to know that cryptocurrency is still decentralized. This means that they are not supported by a primary authority like the Government. They only exist in a digital network found on the Internet. Purchased and sold through exchanges on the web. Cryptocurrency is usually stored in the so-called e-wallets.
Don’t Make The Same MISTAKES As Me! Crypto Trading Tips For BEGINNERS!
Cryptocurrencies prevail only as a shared digital report of ownership. They are also kept on a blockchain. A user who wants to transfer a cryptocurrency unit to another user is possible. They simply transfer it to the other user’s digital e-wallet. To complete the process, it’s added and verified to a blockchain. This is a process called mining. The creation of new cryptocurrency is also done by the same process.
Cryptocurrencies when used correctly will have many benefits. With easy access to the Internet, some use this illegally. People find ways to use it for money laundering. Worst, this is also used to finance illegal activities such as terrorism.
Everyone, at some certain point, need financial aid for various purposes which is why they apply for a loan. The most common reasons why individuals take out a loan is for automobile purchases, bill consolidation, medical expenses, projects for home improvements, and for vacation trips.
Transacting With Licensed Moneylenders Like accreditloan.com
Regardless of the reason people apply for a loan, it is imperative to transact with a licensed moneylender as they are regulated by the law. When you borrow from you are certain all transactions are legal and fees like interest and penalties for late payments are in accordance with the law.
Accredit Money Lender Singapore, https://www.accreditloan.com/, is a licensed moneylender in Singapore wherein they have developed modern digital solutions that is safe, secure, accessible and make the process of applying for a loan smooth and easy, allowing you to apply for a personal loan even if you are on the go.
Withhttps://www.accreditloan.com/, transactions are quick and efficient and don’t need to wait for days or weeks for approval as you can receive approval on the same day itself. Apart from the easy application, they have absolutely no hidden charges with their fees and rates as they are completely transparent about it. Hence, no unpleasant surprises for you.
Although taking out a personal loan from licensed moneylenders like https://www.accreditloan.com/ is a solution for you make that car purchase, consolidate bills, pay for medical expenses or make home improvements, you could also consider investing in cryptocurrency for you to achieve financial freedom.
Investing In Cryptocurrency – The Pros
While you do need to be cautious and sensible when investing on cryptocurrency, there are a lot of benefits to it. Let’s have a quick look: at the advantages of investing on digital currencies:
Profit Potential is Higher. Cryptos have a profit margin that’s really high. Similar to the stock market and forex, you could trade them in by having an account with a crypto exchange. But the fluctuations are relatively lower and more predictable compared to forex and the stock market combined.
Digital Currencies Are Almost Impossible to Copy/Counterfeit. One of the best features of cryptos is that it is impossible to counterfeit or copy. Nobody could generate a copy of a single bitcoin since they are produced in blocks via crypto mining. Other digital currencies go through the same mining process. As crypto are impossible to copy, the demand for it becomes higher.
Crypto Doesn’t Depreciate Unlike Fiat. Although cryptos aren’t an official currency, you could still purchase items or make use of it as payment method in many shops/stores across the globe. Cryptos are akin to gold, wherein gold could be traded for fiat. And similar to gold, digital currencies are inflation averse.
An Opportunity for a Long-term Investment. Most digital currencies cryptos have remained stable, and many have seen an upward arrow meaning they are growing and thus offer a terrific and big investment opportunity to individuals looking for a long-term investment that is safe with a greater ROI.
About ten years back, cryptocurrencies came into view. In that time, a lot of individuals have now muddled through deeply comprehending the potentials of the cryptocurrency industry with regards to its various advantages. However, it might only take a short span of time for it to become the leading contender and a substitute to the traditional system of finance. This has also lead to the development of crypto signals where it provides crypto holders or investors very useful information for a favorable crypto trade.
Crypto Signals – How Do They Work?
Cryptocurrency signals aren’t more than simply info from a proficient investor/s regarding arriving changes on the crypto market. Certain individuals in a single session could make thousands of dollars, whereas others could incur more loss in only a few hours. So as to steer clear of the latter, either expend a great deal of time learning everything about cryptocurrency trade or just have confidence in the expertise, experience, as well as assessment of professionals. It is an excellent solution, since individuals in charge of crypto signals frequently hold an undoubted authority as well as respect of others. If these individuals hope to be on top and remain the best, that respect must looked after by just sharing reliable signals that will soon bring about massive profits.
Crytpo Signal Providers – Why Do They Do It?
If crypto signals could offer huge profits, why do individuals share this and just keep these profit-making signals to themselves? There are a few substantial reasons why providing them are profitable. Firstly, if they are able to draw in ample subscribers, the crypto signal providers or individuals who impart crypto predictions will likely earn much more through their subscribers. Moreover, they lessen the risk of losing all investment or money in the event that predication is incorrect. Note that the accurateness of genuine providers of crypto signals is runs from 80%-90%. This indicates that every now and then there is a little possibility that the signal might not be profitable. In this manner, risks are lessened and profits are increased at the same time.
Genuine Sources Of Crypto Signals
Although cryptocurrency signals are turning out to be increasingly popular, the quantity of legitimate crypto signal providers that present spot-on predictions remain the same. It is then crucial to be wary of fake crypto signal forums and scammers wherein large and vast deductions as well as assumptions concerning a certain digital currency are present. Additionally, there will be a great deal of individuals who offer recommendations on crypto but are actually unacquainted and unfamiliar with the numerous aspects relating to the exchange and trader of these digital currencies. As a result, their views, although unintentionally correct, may be misleading and bring about more dilemma.
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.
When it comes to investing, there are a lot of choices to choose from. Where you will invest your depends on your goal. If your goal is to have material investments such as car and house then you can ask apply for loan for example. The risk of this is that when people are not that secured but they will already invest money on these. Hence, will result to negative credit. Because negative credit is inevitable, there are a lot personal tradelines wholesale here and there that people avail in order to properly monitor their credit and to be able to change their credit from negative to positive.
Aside from this material things, there are also people who likes investing where there money will grow such as stocks and cryptocurrency. However, since crypto is kind of new to the market these days, people get confused sometimes. They are always being compared to the stock market as if they are the same thing. While there are some similarities such as the prices are determined by demand. However, there are some differences between them and here are some differences:
1. Market Volatility
Cypto are volatile compared to the traditional stock market. It has not intrinsic or tangible value. The only cryptocurrency that could have somewhat of a tangible value would be Ethereum, since it is a block chain of a smart contract for other platforms.
2. 24/7 Market
Depending on the market, the value of coins changes over time. Since crypto are peer to peer because of the network, this simply means that they could be traded by any two individuals any time of the day.
3. Inconsistency of price
There is a slight mismatch of price when it comes to cryptocurrency exchange throughout from Poloniex to Okex because there is no centralized agents that ensures the limit orders to not be filled with the worst price in comparison to the best offers across all exchanges.
4. Upper Base and Revenue
For most of the coins, there is no such thing. In most cases, the price of the coins is strictly due to speculations. They are not legit companies with user base, revenue, or assets.
5. Vulnerable Assets
Investors themselves must store the coins themselves when trading crypto. These assets are really vulnerable because new traders are unsure on how to secure their storage. There are hackers that were able to stole 14% of supplies but they could still be recovered.
No matter the differences are, crypto and stocks are both great ways to make money,
In terms of collecting debts, no one would want to wind up in an uncomfortable situation. Every day, a lot of businesses deal with the challenge of debt collection, particularly with unpaid bills, debts or invoices for goods and/services that they have provided. If you have done all you can to get paid but wasn’t able to get any good result, hiring the services of private debt collectors may just be the action you need to do.
Dealing With Bad Debts
If you aren’t proactive when it comes to collecting unpaid invoices or bills, the odds of you being able to collect these debts are diminished over time. Reliable private debt collectors are frequently an excellent resource in order for you to recover and collect these unsettled debts.
If you have unsettled debts from your clients or customers that has reached 90 days to 120 days, then you have let it pass too long. Typically, the payment term is 7 to 14 days. Other have a 60-day payment term, but this is actually too long. Bad debt recovery isn’t an easy task or process. Moreover, slow payments can eat up a lot of your resources such as your time and your money. It is better to deal with unsettled debts now since the longer you leave it, the more you lessen the possibility of being able to get back the money that is owed to you.
Partnering With Private Debt Collectors
All types of businesses irrespective of its size require a good and steady cash flow in order for it to remain in great shape, prosper and expand, and continue to be competitive and relevant in the industry and market their business belongs to. Hence, recovery of bad debts is crucial and essential for any business.
It can turn into a sensitive subject and situation for you and your non-paying customer, which is why it is best to partner with professional private debt collectors so as to successfully retrieve those payments. In some circumstances, a single call from the debt collection agency is what it takes for the debtor to settle their unpaid account.
Normally, the debt collector will first send out a collection letter as a form of payment notice. This is referred to as a demand letter that states that the debt is already due. It also explains to the debtor that if the debt isn’t settled, legal steps may be taken. If it does come to this, the debt collection agency can contact the debtor and inform them of an imminent legal action.
A debt collector can also contact as well make negotiations with debtors in an approach that is firm but still respectful. Moreover, they can help you create a plan of action as well as follow up debtors to make certain that they pay up.
A debt collector can also assist in drafting quality and efficient terms and conditions on repayment. This is something that businesses should look into as it is a smart thing to have a clear and solid T&C. This will also better prepare you in the future when you unfortunately come across unreliable customers or clients.
When it comes to Gold in IRAs, there are a lot of complexities that surround it and may also involve processes that you may find complicated. So as to make certain you do things right the first time, it will be a smart move to seek the advice and expert serve of a trusted firm to help you in this endeavor. Advantage Gold may well help you with this.
While the company is relatively new in the financial industry, looking at the Advantage Gold reviews, it has already gained a solid base of pleased and satisfied clients which in turn has earned them very satisfactory ratings. Because of the security and trust it provided and continues to provide its clients, increasingly more people considering to have Gold in their IRA are seeking their professional services and entrusting their Gold IRA needs to the company. If you are contemplating on having Gold in your IRA, it is imperative that you know what it entails. Check out Advantage Gold reviews to learn more.
Gold IRA – What Is It?
For those who aren’t familiar, IRA, which stands for Individual Retirement Account, isn’t considered an investment per se. Rather, it is a kind of account the functions as a holder or keeper of your investments. You can put in numerous kinds of assets in your account, and your provider will serve as the caretaker of your account. Furthermore, your IRA provider will invest the money or assets for you but according to your own conditions. Also called Precious Metals IRA, a Gold IRA, is a special kind of IRA that make it possible for investors to hold physical gold, either coins or bullions, or other recognized and accepted precious metal as retirement investments.
Other Alternatives to Gold IRA
If you would want to make an investing in gold but not through Gold IRA, there are other alternatives that you can consider. Below are a few of the major possibilities:
Making an investment in gold funds or stocks wherein it can be kept or help by your IRA provider through a regular IRA account or perhaps a brokerage account
Trading is another alternative in which gold options are traded in the commodities market via a trading platform or a broker
Purchasing gold coins or bullions and safekeeping them on in your home or a vault but it is crucial that you have them insured by an insurance provider
Whichever option you choose in terms of investing in gold, there are benefits to it as well as associated risks. It is then imperative that you have a clear understanding of your options prior to making decisions. Nonetheless, opting for a Gold IRA can still be a suitable option especially for investors looking into diversifying IRA. So, do look into Advantage Gold reviews.
Nowadays, cryptocurrency poker matches are among the most well-known games online. This is since cryptocurrencies are incredibly volatile and gaming on them may be rather rewarding. The ideal approach to get this potential would be to research a few essential tips and strategies when playing internet poker.
You might check out gaming Toto sites like 먹튀검증 first or you might have special requirements when determining which money you’re likely to play with. At first, it’s typically better to stay with a couple of currencies.
The very first thing you will want to realize is that there aren’t any rules. This allows for anyone to earn money playing with. With the uncertainty of the costs, some people decide to choose money, but some decide to go to all. This makes it effortless to determine why some folks today earn more cash by gaming on a single cryptocurrency, but some earn even more cash by waging on the whole market.
Bearing this in mind that you wish to begin learning about the monies which are used in an online poker game. Here is the perfect approach to specify whether the other players will also be doing the same. Whenever you do so you’ll discover your odds of winning increase appreciably.
When you decide which ones are great, you will have to pick which one you’re likely to wager on. You ought to play only one at one time. This provides you with an upper hand in regards to betting since you’re going to learn precisely what the other players will be gaming on.
There are several distinct forms of sites where you are able to play your sport. You’re able to find one at which the bets are reduced or one in which the stakes are large. You have to select one in which you feel comfortable using all the risks and benefits involved.
As you find out more about the sport, you’ll determine that the only method to win would be to learn about the approaches involved. You have to have the ability to adapt to unique conditions, and that is the point of the place where the plans arrive. Though you might have one plan working for you today, you have to understand that things might change, and you have to be prepared to accommodate.
You’ll never be able to understand when one of those aspects which work against you could alter. It’s crucial to know this can be an erratic sport, and you want to remain on top of your sport. Finding out how to use the approaches will make you a much better player, and also a person with a larger prospect of winning.
As a side note, this gives us enlightenment on how PAGCOR-licensed 918kiss, an online casino trusted by Southeast Asians, is able to offer online bitcoin gambling.
As a hub, CVA offers services and amenities, including living spaces to support business incubation, for acceleration and back offices for providers overseas virtual cryptocurrency exchange (OVCEs). CEZA has recently confirmed reports that CVA is now home to 25 Asian and European financial technology (fintech) firms, out of the overall 40 companies licensed by CEZA.
To further attract overseas fintech companies to establish their virtual currency operations in the Philippines, CEZA and Northern Star Gaming and Resorts, have embarked on a project that will see the establishment of an airport dedicated to serving CVA licensees.
Type of Cryptocurrency Licenses Offered by CEZA
CEZA has two types of licenses to offer businesses engage in cryptocurrency operations and services. One is a principal license called “Offshore Virtual Currency Exchange (OVCE)” that permits licensees to bring their offshore fintech operations and cryptocurrency exchange activities companies in the Philippines. The second type of OVCE poses as a regular license as it restricts offshore fintechs to conduct only crypto exchange transactions.
On its part, the Central Bank of the Philippines (Bangko Sentral ng Pilipinas) has already granted license to thirteen (13) offshore fintechs to operate in the country as cryptocurrency providers, exchangers and/or blockchain technology operators.
To help the Philippines establish itself as reputable and reliable market for crypto assets, the International Monetary Fund has been providing the BSP with technical knowhow and training about blockchain technology and cryptocurrencies.
Frequently, credit cards get a negative reputation. However, they could actually be a good financial tool as long as you make wise and responsible use of it. In doing so, you could make the most of the nearly limitless rewards and perks that comes with it.
Traditional Credit Cards
Quite literally, a credit card is a plastic card, whereas some are made of metal, which you could utilize to obtain loans form financial institutions or credit unions so as to make purchases or payments. With each purchase or payment you make using your credit card, you are basically taking out a small loan. If you are able to settle your credit card payment on time and in full at the end of each month, there will be no interest charge. Isn’t that just wonderful? If you have an American Express card, you might want to check out americanexpressconfirmcard.live to confirm your card and start using it.
While you don’t pay any interest charge with full- and on-time payments, a missed payment will of course mean you paying the interest charge, which could be very expensive. But then again, on the upside, you have until the end of each month to pay your credit card bill and still be offered a numerous perks and rewards that could me extremely useful and even practical for consumers. Let’s have a quick look at three of the plus side of credit cards.
CONVENIENCE. With a credit card or a debit card, you don’t have to be concerned about how much cash you carry with you. While they are a convenient means to pay for things, you have to keep track of your spending so you would be able to pay it off easily.
BUILD UP GOOD CREDIT RATING AND HISTORY. Making use of a credit card and paying them off on time will help build up your credit rating and history. So that in the event you need to borrow a bigger amount of loan from a financial or lending institution, you will have a better chance of being approved a loan.
MEMBER PERKS. If you are a very smart shopper, you could pick out from an extensive scope of cash backs or discounts which are based on the purchases you’ve made.
Cryptocurrency Credit Cards
With the rise of digital currencies, cryptocurrencies are now also used as mode of payment in many markets. And with the increase use of cryptocurrencies, developers have also innovated credit cards and debit cards for these digital assets. Similar to traditional credit cards and debit cards, cryptocurrency credit cards and debit cards works almost the same way and have their own set of benefits. Below are three:
MAKE PAYMENTS AND PURCHASES. Cryptocurrency credit cards and debit cards allow users and holder of cryptocurrency to make payments and purchases for daily activities like bills payments and shopping.
MONEY TRANSFER. With crypto credit cards and debit cards, user could do money transfers any time and place in the globe.
HOLD VARIOUS CURRENCIES. Unlike traditional credit and debit cards, these types of cards allow its users to hold various currencies such as USD, EURO and more.
Cryptocurrency has been one of the leading trends in the world of Business and Finance in recent years. Each year its value and popularity continue to shoot through the roof. Although the pandemic has affected millions of lives and business, the cryptocurrency still stands tall.
There have been slight drops in value in recent months but overall, many people still try to invest in it every day. According to many crypto enthusiasts, 2020 is going to be the best year to invest in cryptocurrencies because of the various kinds and types available in the market, therefore the choice in deciding which to invest in may be very difficult.
Crypto ETF or Exchange-Traded Fund works basically like any other ETFs in existence. While majority of the ETFs are tracking basket or index of assets, crypto ETF works a bit differently by tracking one or several digital tokens. Much like other known ETFs, digital token ETFs will be trading like the typical stock on exchanges. At the same time, it will be subject to price changes within a day as investors sell and buy.
How ETFs for Cryptocurrency Works?
For crypto ETFs work properly, it is essential that the organization that is managing the fund owns the underlying asset that it is tracking. Simply speaking, the ETF needs to own commensurate stake of the digital tokens. Having ownership of such tokens will be represented as shares. By buying these shares, it allows the investors in that ETF to own the tokens indirectly. ETF investors will then exposed to the upside potential of underlying assets.
On the other hand, before you actually plunge to using crypto ETF, it is wise if you are going to opt for Bitcoin tester to gauge whether it is something for you or not. That is the only time you can ascertain whether you should jump into crypto ETFs.
The Advantage of Using Crypto ETFs
As a matter of fact, majority of the successful cryptocurrencies have observed significant gains. On the other hand, there are still lots of uncertainties surrounding the industry and not to mention, it is being plagued by volatility. With such thing, there are a lot of investors who prefer using a vehicle similar to ETFs when participating in crypto arena.
Traditional ETFs let investors to realize the full potential of that token while leaving the security and management to the experts. The fact that digital token and crypto exchanges are regularly targeted by scammers and thieves, it is totally understandable why countless investors may wish to take extra layer of precaution.
There are plenty of benefits of choosing crypto ETF than crypto investments. If you are into crypto arena, you’d know that digital exchanges and wallets are vulnerable to theft and hacks. Investors who hold digital tokens are running the risk of having their assets to disappear without recourse. With investors of digital currency ETF, it creates additional security in custodian bank that is supporting ETF.
Another known advantage of using crypto ETF is the fact that it could be used in monitoring several tokens simultaneously. This is extremely great tool especially if you have heavily invested in cryptocurrency to grow your money.
BTC or also known as Bitcoin is a form of digital currency. Given that it’s a digital currency, you would not be able to see any of it in its physical form or shape. You can’t keep them anywhere. Rather, it is the private keys that are used in accessing your public BTC address as well as transaction signatures that should be encrypted for safe storage. A combination of the receiver and recipient private key is what makes it feasible to complete a Bitcoin transaction.
Basically, there are various types of Bitcoin wallets that are accommodating different requirements. These wallets are varying in terms of its accessibility, convenience and security.
In essence, paper wallet is a kind of document containing public address to receive Bitcoin and as well a private key allowing you to either transfer or spend Bitcoin that’s stored in that address. With paper wallets, it is typically printed in QR codes so by that, it can be scanned quickly and add the keys to the software wallet which then generates the transaction.
The keys generated can be actually printed with other services offer tamper-resistant design or the option to order holographic labels. The most notable advantage of using paper wallet is that, the keys are stored offline making it hacker-safe which includes malware that may log the keystrokes for the user.
Usually, a Physical Bitcoin comes with fixed amount. The main goal of this is that, its value can’t be spent so long as the private keys are hidden. In most cases, this can be achieved by using tamper-evident seal. As a matter of fact, these Physical Bitcoins are the ideal option for storing funds safely and be so effective when you are trading offline. Aside from that, they have eventually become a collector’s item.
As for those who are using Bitcoin actively on a day to day basis, trading it in person or perhaps, using it to pay for goods in stores, being able to have a mobile Bitcoin wallet would be an invaluable tool. This mobile wallet is actually running on your smartphone and so, letting you to keep your private keys and also, allow you to pay on stuff directly from your mobile device.
Not only that, some applications are enabling users to make use of their smartphone’s NFC feature which basically means, they could just tap their phone against any terminal without providing any details.
So before you make use of your SMS lån to buy Bitcoins, learn first which wallet to use.
The common method for businesses to come up with capital was either to make contact with private investors or through an IPO (through the public). Then the ways of raising capital had been modified, be it through institutional investors or through crowdfunding. In recent years, however, new technology has emerged that is changing corporate fundraising. This technology is the blockchain on which the cryptocurrency Bitcoin and other altcoins are issued.
What is an Initial Coin Offering?
Blockchain is a decentralized, distributed, digitized public ledger that records transactions based on a peer-to-peer verification process. The method of raising capital via the blockchain was called Initial Coin Offering (“ ICO ”). Any kind of organization, regardless if in the physical sense or within the virtual decentralized independent organization, can undergo an ICO. To make understanding easier, many people compare an ICO with an IPO. This linked the term ICO to the meaning of an IPO.
Regardless of whether the IPO and ICO serve the same purpose, they are not identical. In the case of IPOs, the company offers investors a stake in the property with all associated rights, while this is not necessarily the case with coin (also token) sales. In addition to an IPO, the company can raise funds before launching a product in an ICO. In general, all the entrepreneurs ICO needs to prepare a white paper explaining how they want to use blockchain technology. The white paper is not a prospectus, nor does it contain detailed information.
In fact, it is better for companies wishing to distribute coins or tokens to avoid similarities with the IPO. The term ICO itself is, therefore, better to avoid for the impression it creates from the perspective of the authorities that the virtual coins are linked to securities. A term like a coin distribution could serve the purpose the company is aiming for. In all cases, the structure of the token sale is what really matters, as explained in more detail below.
Token sale event
In fact, the lack of specific legislation in most countries dealing in coin sales has led some countries to apply their securities rules to them. For these provisions to apply, the tokens must meet the definition of a security. The face of the issuers is that when authorities qualify the sale or distribution of their tokens as collateral, many obligations, mainly disclosure and registration, are imposed. This could hinder their early development and growth.
Before we turn to the legal part of this article, let’s examine how ICO works. ICOs would typically include an entity that sells tokens on the blockchain to people, which in turn are exchanged for assets. The assets can be Fiat Money (so-called “real” money), virtual currencies such as Bitcoins or Ether, services, or other assets. These assets are then used to fund projects that typically include blockchain technology to make a profit. Those distributed tokens may grant their holders various rights, including voting rights, ownership rights in the company, rights to participate in the profits generated, or just the right to access or use products or services. Based on the properties of these rights, the tokens may or may not be classified as securities.
A newly founded fintech company hopes to use the token sale model for investments in real assets. But it is different from many previous projects.
Two Prime, based in Hong Kong, (founded by Marc Fleury) refers to the sale as Continuous Token Offering or CTO, in contrast to an Initial Coin Offering or ICO, where almost all tokens are traded at an earlier stage. The goal is to use the funds raised to make crypto a suitable new asset class that appeals to the financial world.
The company will initially release five million tokens (only five percent of the total 100 million to be created) on the secondary markets, the rest will be released in the next 10 years. This is similar to Ripple’s approach to its XRP sales, and the company said the process is similar to that of raising capital.
At the end of February, Prime’s two FF Accretive Tokens (FF1) will initially be traded on the Japanese crypto exchange Liquid. Prices start at $ 3 per token, the company said.
“One of the greatest successes of cryptocurrencies has been the rapid formation of funds, as demonstrated by the initial boom in coin offering,” said the company’s chief operating officer, Alexander Blum.
According to Blum, seed financing for start-ups through token offerings on exchanges overtook private equity in 2017. “Since VCs generally avoid the seed phase, [ICOs] filled a niche that traditional financial players have not addressed,” he said.
According to Two Prime, the token offers a purchase option that “combines the features of a closed-end fund, an asset-backed token and a secure store of value”.
CEO Fleury has invested $ 2 million of his personal wealth in the fund. The company also announced to CoinDesk that Hong Kong-based private equity firm SIB Investment Ltd. is the first external investor.
Fleury founded JBoss, a Java-based open-source application server, in 1999. The company was sold to Red Hat in 2006 for $ 420 million. Red Hat is now owned by IBM.
As with other startups venturing into token deals, the company must also avoid getting on the wrong side of investors or regulators.
Ripple, which has raised billions from the sale of XRP and equity financing rounds, has been involved in a class-action lawsuit filed by investors accusing the company of selling unregistered securities.
A number of companies have launched ICOs, which are later charged by the United States Securities and Exchange Commission with failing to register their tokens as securities.
Two Prime reported that it has consulted with law firms in various jurisdictions and has developed an approach that will reduce the potential challenges for financial regulators.
The company will first list the tokens on the Asian trading exchanges to determine how much grip the investment could earn from traders. Then it will be set up for Special Purpose Vehicle (SPV) in the United States to offer the tokens as security.
Unlike many other ICOs, the fund’s tokens are backed by real assets that, according to the company, are managed by professional portfolio managers. The underlying assets include a structured portfolio of debt, cryptocurrencies and equity instruments.
The first investments are focused on the blockchain sector, while according to Blum, the company could in future expand to other sectors such as green technology and smart city management.
“Our goal is to create a new asset class by applying traditional investment models and theories to crypto and giving the industry confidence and professionalism,” said Fleury.
Many people have been affected by the corona outbreak. People who have lost their jobs are now relying on government help to survive the pandemic. They are also looking at short term loans from private financial institutions like https://looselending.com/. But others are trying their luck on cryptocurrency mainly because the blockchain industry seem to be unaffected by the virus. Let’s take a look further.
The corona pandemic has affected many aspects of the cryptocurrency markets and the blockchain as a whole. Due to the outbreak of COVID 19, over fifty percent of the encryption conventions in 2020 were cancelled or delayed, and mining producers needed to shut down equipment development in China. Simultaneously, other companies took advantage of new options by digitizing business procedures and bringing employees online.
It appears that in terms of capital, the roadmap of the 20 largest crypto projects is not affected by the Coronavirus. This is because the implementation of key updates designed for 2020 is done by the blockchain rather than by personnel, and the staff required are working within a decentralized manner.
Coronavirus outbreak fears weigh on crypto as bitcoin slumps over 10% this past week
Blockchain companies make an effort to minimize budget and employees
For companies in the blockchain industry, this move can reduce the economic impact of the COVID 19 pandemic. Major blockchain analysis companies (Elliptic, CipherTrace, and Chainalysis) report that they have cut their entire staff or budget, or may do so in the future. The marketing aspect is another point that can reduce the spending of cryptocurrency and blockchain technology companies. Many blockchain companies have already canceled meetings and other conventions.
Large cryptocurrency exchanges (such as Kraken, Gemini, OKEx, and Bitstamp) do not seem to be affected by the coronavirus pandemic, and report increased user logins and transaction volumes. Binance ’s monthly futures trading report shows that by January 2020, the exchange ’s futures contract trading volume increased by 85%. In February, OKEx exchange OKChain was launched in the test network and its first decentralized financial application OKEx DEx, followed by the purchase of the Fiat gateway service “Buy Crypto”, which allows users to convert their Fiat to cryptocurrency in March.
The large-scale spread of coronavirus in Asia does not hinder the launch of Huobi Thailand. The other two major cryptocurrency exchanges-Poloniex and Bitfinex-did not postpone the planned launch this month-LaunchBase or Staking Rewards.
Vincent Poon, the company ’s vice president, said: “Since most of our business is digital, the pandemic has no real impact on our growth.” Bithumb Global ’s CMO Sunny Ng added that the company has accelerated diversification Development of trading products.
Ali Beikverdi, the founder and CEO of exchange software provider bitHolla, said that existing cryptocurrency exchanges used the company’s Exchange Kit software to achieve record transaction volumes. Beikverdi added: “This may be because more and more people are segregating online and trying to make a living through online cryptocurrencies.”
However, according to Beikverdi, potential exchange operators who want to start an exchange business are increasingly hesitant, causing providers to delay advertising and marketing content and reduce the creation of new content.
Will we settle our messages with Bitcoin, or will the government come up with a digital alternative? Today FTM journalist Thomas Bollen joins a round table discussion on cryptocurrencies in the Lower House. His commitment: the emergence of crypto coins will radically change our monetary system.
How the blockchain will radically transform the economy
Today, the Finance Committee is organizing a round table discussion in the Lower House on cryptocurrencies. As a journalist who regularly publishes articles on FTM, I have been invited to participate, alongside, among others, Teunis Brosens from ING and Rutger van Zuidam from Dutch chain. The reason for this round table discussion is the worldwide popularity of crypto coins. More and more Dutch people also have crypto coins, of which more than 1,450 are now on the market. The total market value of crypto coins fluctuated between 400 and 700 billion dollars last week. “Ten years ago nobody had heard of bitcoin and now it is well known, ” writes the Bank of International Settlements (BIS). Nobody can care for the emergence of crypto coins not including the Dutch government.
While cryptocurrency is rising, not all are confident in the new trading trend. Traditional investors still prefer investing in stocks including stocktrades in Canada, check out a list of best Canadian stocks.
What I want to put on the table, among other things, is the idea that the popularity of Bitcoin and other crypto coins could cause a revolution in the payment system that turns our monetary system upside down. To understand why we must first answer a few questions about the money we use now. Where does our money come from and what are the distinctive features of crypto coins, cash, and bank balances?
We hardly pay with real money
We have a European System of Central Banks (ESCB) in the eurozone, of which our Dutch Central Bank (DNB) is a part. These central banks are public institutions whose main task is to ensure the stability of the euro.
Central banks issue physical banknotes(cash) out and commercial banks can hold (digital) funds. The inhabitants of the euro countries only have access to the physical banknotes of the central bank. Citizens cannot open an account there.
If we pay with our debit card or via the internet, we do not pay with money from the central bank, but with book money, which is issued by commercial banks. In Van kauri to euro, a book about the history of money, DNB describes it as follows: ‘Nowadays many people bank via the internet, so even without paper. All those payments no longer require “real” money, so no coins or banknotes. We call such money “book-entry” money.
In this context, we must take the term ‘real money’ literally: non-cash money is not ‘real’ money issued by central banks – as ‘legal tender’ – but a claim on a private bank: a common but not legal tender. For our payment transactions we therefore largely use claims on private banks instead of real money. That which we call money is therefore not a clear concept.
Monetary objects versus monetary claims
The definition of money is a complicated issue: books have been written about it. In order to have a good discussion about money, I, therefore, want to introduce two new concepts: monetary object and monetary claim / monetary claim. The distinction between monetary objects and monetary claims is essential for the discussion about our monetary system.
Cash is a physical form of a “monetary object” – an object used for payments. Physical monetary objects are ‘movable property’ with ‘payment power’. That means you can pay with it by transferring the item to someone else. They are essentially not a claim on the entity that issues them (although the central banks do register them as such). A monetary object is not a claim, but the property of the beneficiary.
This may sound a bit complicated, but it comes down to this: the payment power of monetary objects does not depend on the gold or debt paper that the central bank has on the balance sheet, but on public confidence in the object itself as a means of payment. Even if the central bank goes bankrupt, these objects can retain their payment power, because the public continues to use them as money. The coins and banknotes continue to circulate in the economy as a means of payment. To give another example that we have all seen in a movie: in prisons, cigarettes are used as a means of payment – in that case, they are also monetary objects. If Marlboro should go bankrupt, the cigarettes in circulation continue to serve as a means of payment. The moment the cigarettes are smoked, there will naturally be a need for new monetary items to pay with.
Only last October, China’s President Xi Jinping made a short-term price increase of 40 percent with his positive comments on Bitcoin. In the past, however, disclosed hacks from crypto exchanges or government bans on digital currencies have caused prices to plummet. Therefore, the assumption that the negative messages about the coronavirus also have an impact on the course would only be logical.
However, neither the official closure of the mining pool BTC.top, nor the cancellation of some crypto conferences, could actually have a negative impact on Bitcoin and most altcoins. With the cancellation of the HongKong Blockchain Week, the Token2049 conference and the niTROn2020, several important events were canceled at very short notice. However, most cyber currencies have skyrocketed since the beginning of the year. Bitcoin, in particular, is returning to values above the $ 10,000 mark after a long losing streak.
It is therefore clear that the effects of the pathogen affect the currencies rather than the people themselves. So far, however, the effects of the disease have not yet been so fatal that the reports could have a serious impact on cryptocurrencies.
This year 2019, Donald Trump is struggling with raising tariffs in trade with China by 25% while China wants to abolish all extra tariffs in force. The incident heats up after the US raised tariffs on Chinese imported products valued at US $ 200 billion. The US government said that China had violated a previously agreed agreement namely that Chinese law would be amended to enact new policies on trade matters ranging from intellectual property protection to technology transfer.
At the same time to this day, BTC has risen by 35% in October impacting investors in the market including private investors funding auto accident loans. Here is a picture of the increase taken from bitcoin trading.com against USD.
Is there a relationship between the two? Price War with Rising BTC Prices?
As we all know, at the same time, Bred Sherman, a senate from the Democratic party, said that the end result of cryptocurrency would not only weaken U.S. foreign policy but also state tax collection and traditional law enforcement. So he is gathering several state legal advisers to ban Crypto, whose position is certainly threatening the position of the U.S. Dollar. Meanwhile, as is well known, developers to form the Bitcoin (bitcoin network) are mostly U.S. citizens themselves, who want freedom from the influence of Central and FED banks.
Then what about China?
China is considered as one of the most important players in the cryptocurrency market. The Chinese government’s decision affects the entire industry, but cryptocurrency and Bitcoin are in a precarious position in terms of regulation. Chinese cryptocurrency laws are quite strict. Financial institutions are prohibited from using Bitcoin for trading and ICO is also illegal in China. The Chinese Bitcoin exchange is advised to stop operations in the domestic market until a license is made for them. At the beginning of the year 2018, China’s top financial authority advised that Bitcoin mining must be progressively halted via local government councils.
Chinese media present cryptocurrency as a tool for criminals and money laundering devices which of course will create negative background information that might have a bearing on the future of the Chinese Bitcoin ban. However, who is not familiar with Binance, OKEx, Huobi, and others, where the founder and operation of the BTC Exchange from China, which controls nearly 60% of the circulation of bitcoin circulation, has now reached 17,699,225 BTC from a total supply of 21,000,000 BTC. Just 24 hours ago, there was a 3.7 million BTC turnaround bitcoin which was equivalent to $ 29B USD (1 BTC ~ $ 7,863.83). In fact, as we discussed together, Binance as the largest Volume Exchange in the world, around May 8, was hacked with a total of 7000 BTC. Usually, consider it happening, then the market will experience daily changes such as when Coincheck, Mt.Gox, Bitfinex, Bithumb, etc.
There is a lot of speculation among traders about this. Among them, Douglas Tan (CEO & founder of Bitpascal) said that it was unlikely to reach its ATH, but its volume in the last 5 days was the highest from before. On the other hand, Danny Taniwan (co-founder of YIBN) said it might happen by the end of 2020. While the opinion of Bang Robby (Director of my account) said it would rise before the half-day, but sometimes the market would be corrected and profit-taking and for now it tends to rise. According to Oham (Executive Director of ABI), “bitcoin always makes us all surprised, always monitor it, it’s interesting, bitcoin doesn’t care what people think”.
Then, will the price of bitcoin always rise, even though it has been hit by FUD (fear, uncertainty, and doubt) both from the world government that is continuously banned, or the occurrence of hacking in exchanges, or trade war between superpowers?
On the other hand, from the existing FUD, there is also good news which is often referred to as the FOMO (fear of Missing out), which is about Bakkt. Bakkt is a bitcoin-based cryptocurrency retail payment platform developed by ICE (Intercontinental Exchange) formed in November 2018.
Before 2018 ended, Bakkt announced a very successful fundraiser. They managed to get the $ 182.5 million that had come from various Wall Street institutions such as Boston Consulting Group, Goldfinch Partners, Pantera Capital, Protocol Ventures, Galaxy Digital, and Microsoft M12 ventures. On May 13, it was announced that bitcoin-based futures will be tested until the end of July 2019. Of course, this will provide a breath of fresh air for traders on the futures exchange to increase the type of investment. This is in accordance with the approval of the CFTC (Commodity Futures Trading Commission) located in the U.S., which is one of the leading bitcoin regulators and other digital currency transactions in the world.
Technology in cryptocurrencies and blockchain has been the star of many financial conversations recently. There are haters and lovers alike. Nonetheless, the truth that the organized system of distributed ledger can soon disturb finance institutions as well and the world market is undeniable. That is as outlined by one of the powerful titles in world finance, Christiane Lagarde, director of the International Monetary Fund.
Accounting is the monetary spine of virtually any decent industry, and the accounting community has constantly flourished as money developed all over track record. Considering that the future of financing gradually unveils, cryptocurrencies such as Bitcoin and Ethereum happen to be priming the way toward general public approval of online money. Many organizations are searching for better approaches to monitor, control and be aware of crypto resources, be it because of their growing interest and execution, institutional ventures into crypto and financial technology or the high-performance development that is included with everything.
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.
Cryptocurrencies in the form of bitcoin and altcoin, the bitcoin alternative, have made its big leap to the investment industry. With this new investment option, experienced investors were joining the bandwagon. However, investing on cryptocurrencies entails one big question. Do banks permit you to liquidate your home loan in order for you to unseal your equity to purchase cryptocurrencies?
Investing in Bitcoins, is it good?
Somehow, it is reasonable to have at least a small portion of cryptocurrency as fraction of the total varied investment tactics. On the other hand, it is also recommendable if you must place all your bucks in just one asset category. For example, savvy investors used to diversify all their assets from shares, cash, and property into managed funds, business, and others. But, keep in mind that borrowing money to invest in an asset that is volatile entails an extreme risk.
Amount of equity to release in order to purchase Bitcoin
Basically, the amount of equity that can be released in order to buy Bitcoinswould be based on your investing experience. The net asset position and income is also a factor in releasing the equity amount. Experts may assist you to estimate this value. Moreover, there are online equity release calculator which is also a big help in determining it. Furthermore, a low income with asset position along with no experience in investing will result to a lesser equity release.
The value of equity release for bitcoin purchasing do not have any rules to follow. It basically depends on the idea which the lender founds “reasonable”.
The amount to borrow and requirements for borrowing
Here are requirements in order for you to borrow through your equity for the purchase of bitcoins:
Must possess real estate in order to secure for the home loan
Up to 80% of the total value of your property is available for borrowing
Limits on equity value for releasing is also available
Turnaround time for home loan liquidation
Proper timing is really important especially in investing. This may apply even in investing in all shared funds existing in the stock market and can grow your cryptocurrency investment. In case you decide to invest in cryptocurrency, you can control the quick mortgage liquidation using your equity with the following:
No need to have valuation as it is not required
You are covered by the policy of your lender
You must be a pay as you go employee
Have great mortgage repayment status
Can provide all the documents immediately
Having all the requirements mentioned above, a good interest rate must be provided for you with just a span of two weeks. But, through equity liquidation, this may really take about 3-4 weeks time. Moreover, a private mortgage can also be given in a faster timeline but expect that it is already expensive.
You may be spending hours searching for that perfect engagement ring at the shopping mall or specialty boutiques. You may even have done your research and learned about the 4Cs of valuation which is the Color, Clarity, Cut and Carats. On the other hand, investing in gemstone is a totally different thing than just buying retail jewelry. Many people are even willing to apply loans online from https://www.californiatitleloans.org/ because they understand how much potential it can bring if they’ve made the right investment.
If you too are considering to buy and sell gemstone as a form of investment, then you certainly have plenty of things to learn. The best advice that you can get is purchasing one from well known gem dealer until you accumulate the experience necessary.
Once you are really decided to be in this business, you need to set yourself apart from the rest. Most likely, you will need to secure a wholesale license or also called as sales privilege license or tax license. This is crucial as it would give you quick access to primary dealers, secondary dealers and even wholesalers. Not having the appropriate license and you are facing to pay sales tax to the state on the purchase of gemstones.
Meaning to say, if the sales price is around a thousand dollars and the tax rate is at 5%, then you are automatically giving away 50 dollars of your profit.
There’s no such thing as investment-grade gemstone. The terms semi-precious and precious stones does not have standard meaning too. The terms sapphires, emerald, diamond and ruby are used in defining some gemstones. However, they’re bandied by less scrupulous dealers who are using them in selling inferior gemstones.
Some are selling Arkansas Diamonds which is basically made from Quartz, Evening Emerald that’s made from Perido, Cape Ruby that originated from Garnet as well as Lux Sapphire that’s sourced from iolite.
These are only few of the examples of how dealers are tricking unsuspecting consumers. Keep this in mind, gemstones are sold in rough form directly from the mine or polished and cut. It can be a bad or good investment, which will depend on how much you are willing to spend.
Yes it is true that size counts but it doesn’t indicate that big is best. It’s more like how much the gemstone do weigh. Different stones have different weights, regardless if they are of the same size. Perform additional research regarding this subject to make sure that you will not be fooled by dealers.
Get access to capital not only through an unsecured business loan but by using your cryptocurrency as collateral to gain access to loans. This is called Crypto Loans.
Get a Loan Using Cryptocurrency
What is Crypto Loans?
Crypto loan is a platform that allows you to use your cryptocurrency as collateral in order to take a loan out with low-interest rates. If you have ever taken a loan out in the past, you will notice that many of these companies will actually check your credit score but not all of us have credit scores so it is very hard for us to get a loan. Even if our credit score is good, sometimes simply reject us because they don’t feel confident that we’ll be able to repay them back in the long term.
This kind of service is offered by various lending services like Salt lending. They offer a very unique service whereby instead of using your credit score, all you need is to have some Bitcoin, Etherium, or any other cryptocurrency that you can use as collateral that the lender feels comfortable with.
How does it work?
How it works is very simple. Once you are ready to take out a loan and you agree to the terms, you actually take your cryptocurrency that they accept and you are going to send it to the salt lending wallet. Once it’s in the salt lending wallet, they’re actually going to send you US dollars to your bank account. Just like most loans, you will have to pay on a monthly basis.
Important note: It’s important to know that when you send your cryptocurrency, you still own that cryptocurrency. They are just holding it as collateral in case you can’t repay. For instance, let’s just say that you can’t repay your loan, when your monthly payment comes up, they’re going to sell some of your cryptocurrency in order to offset what you owe them in line. So they are simply holding this cryptocurrency in case you can’t repay but at the end of the day, it’s still yours.
What is loan-to-value?
This means that if your cryptocurrency drops in value while your loan is out, there’s a chance that you are going to ask you to deposit more of that cryptocurrency. They want to make sure that the cryptocurrency that is stored with them is enough to pay off the loan that you owe them. It’s a way for them to reduce their risk so they’re trying to keep the loan-to-value in balance.
Conversely, if bitcoin goes up in value, that means that there’s a chance that you can actually take out a bigger loan as it goes up and down in value because once again this cryptocurrency that they’re holding is still yours. So if Bitcoin appreciates, you can still use and leverage that to take out more loans. So bottom line, it all depends on what that loan-to-value ratio is.
When you actually pay back the loan in full, they are going to release the collateral or cryptocurrency back to your wallet and back into your possession.
Why is this service (gaining loans by using cryptocurrency as collateral)?
There are two reasons why this service is great. First, it frees up capital. That means that when you make an investment, that capital that you invested is tied up. But it would be so nice to be able to take that capital that’s invested and ultimately be able to invest it elsewhere. This is possible through salt lending. The second reason is that it allows us to take a realized game but not have to pay taxes because you are not really taking it out as a realized game but you are actually taking it out as debt.