cryptocurrency Archives - 2100NEWS

Guest authorJune 19, 2020
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1min359

Do you own Bitcoin? Do you buy with it, trade it, perhaps gamble with it?

 

The oldest, biggest, sturdiest cryptocurrency still rules over the crypto world however even the digital giant felt something when the COVID-19 pandemic began in March 2020. Charts swayed and some of the biggest Bitcoin enthusiasts were filled with doubt but don’t fear, Bitcoin is well.

 

For those of you who are considered experts in the Bitcoin community and everyone following Bitcoin’s price fluctuations for the sake of your own coin’s future, you probably already know at least some of the information pictured below. To get a better grasp of what was going on with Bitcoin during the pandemic and where Bitcoin is now, see the following infographic, courtesy of Gamblineers: Bitcoin vs. Covid-19 – Bitcoin’s journey through the COVID-19 pandemic.

 

 

 

Guest author: Rok


Guest authorMarch 25, 2020
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5min708

Cryptocurrency has become a global phenomenon, and it is a form of payment widely accepted today by many online and offline merchants. Two decades ago, this was not the story; cryptocurrency was initially written off as a scam project or something that would not stand the test of time.

The digital currency is proving doubters wrong, as more people gravitate towards cryptocurrency use and trading. In the year 2018, only about 21% of adults in the U.S had no idea what cryptocurrency is. As the cryptocurrency wave continues to sweep through the globe, even businesses are beginning to see how important it is to incorporate it into their payment system.

 

Cryptocurrency and Bitcoin: Do They Mean the Same Thing?

A 2019 Yahoo report states that there are approximately 2,957 cryptocurrencies available as digital currencies. While most of these currencies are not known to many, a digital currency like Bitcoin is probably the first thing anyone with interest in the crypto world would come across. Some people even find out about Bitcoin before understanding that it is just one of the many cryptocurrencies.

As the first cryptocurrency to hit the blockchain technology, Bitcoin accounted for over 66% of cryptocurrency value as at the end of 2019, and its acceptance all over the world continues to rise. Ryan Radloff, using data from Coinmap shows a 702% increase in worldwide acceptance of Bitcoin and key statistics reflect that there is over 17 million Bitcoin circulating in the digital currency market.

These statistics are astonishing, but what most people really want to know is “where is Bitcoin currently accepted?” and “who is currently accepting Bitcoin?’’

 

Who Accepts Bitcoin Today?

An increasing number of countries are beginning to embrace the acceptance of Bitcoin, as more than 11 currently allow it as a means of conducting business transactions. Almost all types of industries accept the digital currency in their business transactions today.

Worthy of mention are:

  • AT&T
  • Expedia
  • Microsoft
  • Burger King
  • Subway
  • Namecheap, etc.

Online stores are not left out of this new trend, too, Bitcoin.Travel, Pink Cow in Tokyo, Zynga, vendors of Etsy, Jefferson Store, MIT Coop Store, Shopify, and many others are among stores that accept the virtual currency.

SpendMeNot has provided a detailed list of over 120 companies that currently accept Bitcoin as a means of payment, and it’s definitely worth checking out.

 

 

Conclusion

Some years ago, Bitcoin was seen as just a form of investment. Today, it is way more than that. Businesses that incorporate the use of Bitcoin in their day-to-day transactions have increased their customer base considerably, as a lot of people are more comfortable making payments with the cryptocurrency.

This preference is mostly by consumers who are aware of the digital currency’s purchasing power and are cautious of cyber-attacks. Though Bitcoin still has a lot of ground to cover (in regard to its acceptance), its adoption is growing daily, and it is just a matter of time before it is accepted everywhere on the globe.

 

Guest Author: Stefan Ateljevic


Guest authorJanuary 30, 2020
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6min806

The cryptocurrency which may also be referred to as the digital currency has affected the digital marketing agencies in Dubai in the blink of an eye. The number of consumers of digital currency has been increased to a huge extent. The social media is also played a huge role to make the digital currency e popular

Bitcoin- a digital currency

Bitcoin is a new type of currency that has been introduced into the market. It is a very innovative method of payment. Cryptocurrency is a new type of digital currency that uses different patterns of security to protect your data and money. It was released in 2009 and after about a decade now it has become a huge platform where people can transfer their money from one person to another more securely. Also, it is a very good way of transferring money because it takes charging money through Bitcoin. Bitcoin is taking over the whole world and people cannot be happy about it. The best thing about cryptocurrency is that it gives us a decentralized feature and also is very fast. People can use it without having to spend a lot of money in a very secure manner. People are investing in cryptocurrency and are getting huge profits from it. This unique way of transferring funds from peer to peer is attracting a lot of people towards it.

Cryptocurrency’s backbone

Blockchain technology has helped a lot in bringing the cryptocurrency as well as powering it. If there was no blockchain technology, there wouldn’t be any way where the Cryptocurrency could establish. The blockchain technology is not what limited to just cryptocurrency. It has a very huge impact on digital marketing as well. If we look from a deeper perspective, we will realize that the block chain technology has both positive as well as negative impacts. This is the reason why there is a need to prepare a proper campaign so that proper advantage from the digital currency can be taken without affecting the market in one way or the other.

The impact of digital marketing on cryptocurrency

  • Accessing the data

The first and the foremost thing that comes in our mind when we want to make something popular is to bring it to the eyes of the people so that they can get influence from it. This is what digital marketing has done to cryptocurrency. That digital marketing agencies use social media apps like Facebook Instagram Twitter and more to collect as well as sell the information to the consumers. This approach is working well because most of the people use digital media apps to get the news. This makes it easy for companies to inform the people through these apps. Not just that this is a very cost-effective way to inform people about cryptocurrency but also it increases the popularity as well.

  • Consumer empowerment

Digital marketers are nowadays using cryptocurrency so that they may sell the information to the consumers by making money through the companies. This works in a way that the companies make digital marketing companies advertise their products. Another good thing about this is that the advertisers would not be able to get any data from the users. The end to end-users will remain anonymous.

  • No middleman involvement

The cryptocurrency becomes even better when we get to know the fact that there will be no involvement of a middle man like social media apps including Facebook, Twitter, and Instagram etc using the Artificial Intelligence and doing so much more stuff unknown to us. Due to the moving technologies, cryptocurrency has got benefited to a huge extent. It has already started bringing revolutions in the industry and we are looking forward to so many more of them.

 

Guest Author: Umer Ishfaq


Luka KovičNovember 26, 2018
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3min1173

The #1 cryptocurrency could soon overtake Mastercard’s daily transfer volume, judging by the official numbers released by Mastercard. This means Bitcoin is becoming a serious rival of the leading traditional money transfer system.

According to company’s public records, Mastercard has a daily volume of $11 billion, while Bitcoin on the other hand, transfers around $8 billion per day, meaning that it moves 73% of Mastercard’s volume. While Bitcoin daily transfer is especially noteable given the current situation in the crypto markets, it may seem that the cryptocurrency is already moving amount comparable to those handled by Mastercard.

Mastercardreports that it has processed transactions worth a incredible $4.4trillion since the beginning of the year. Although there’s no such statistic accessible for Bitcoin, it’s possible to accumulate it’s daily transfers. Supposably $8 billion daily transfer volume would mean Bitcoin could have an annual volume of $3 trillion, which is a incredible number for any transfer system, especially a cryptocurrency.

Ethereum, which transfers the second-highest daily volume, processed around $600 million in the 24-hour span. That would mean it equals approximately $0.25 trillion annualy. Moreover, Litecoin and Bitcoin Cash are also having a noteable amount of daily transfers, approximately $170 million and $120 million, respectively.

Despite having a far lower capacity in transactions per second, it could be speculated that all cryptocurrencies put together could rival Mastercard’s daily transfers. While Mastercards volume mostly stems from small purchases, cryptocurrency transaction could be worth millions. Although Mastercard’s main rival is Visa, which is handling 65.000 transactions per second, processes around $30 billion daily volume, that equals  roughly $11 trillion a year. Given that Bitcoin supports 7 tx/s on-chain, it would equal only 0.01% of Visa’s transaction capacity, the premier cryptocurrency still transfers around 25% of the value processed by Visa.



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