CRYPTOCURRENCY: THE DIGITAL MONEY BUSINESS OF THE MODERN ERA
Cryptocurrency, or cryptocurrencies, has been widely introduced to the public by central banks.
Cryptocurrency, or cryptocurrencies, has been widely introduced to the public by central banks. The characteristics of this digital currency are almost identical to those of regular paper or metal currency.
Many people are interested in cryptocurrencies because they are very popular among teenagers. According to some speculation, investing in cryptocurrencies is more profitable than buying stocks.
To satisfy readers' curiosity, I will explain a little about cryptocurrencies.
What is cryptocurrency?
Strictly speaking, cryptocurrency is a digital currency that has economic value even though it is invisible.This digital currency cannot be taken to a supermarket or market to be purchased because it is invisible. All we can do is transact online.
Therefore, anyone attempting to counterfeit this digital currency must be mentally retarded or impossible.
Types of Digital Currency
Currently, there are a large number of digital currencies, or cryptocurrencies, in circulation.- Bitcoin is the most common digital currency.
- Ethereum is the digital currency used on the blockchain platform,
- Binance Coin.
Many businesses use these three cryptocurrencies for transactions, so we can use them too.
Having a digital wallet is the main requirement for using this digital currency for buying and selling. It serves as an intermediary for online transactions such as sending and receiving digital payments.
Advantages of cryptocurrency
In short, there are several advantages to using cryptocurrency, namely:1. Decentralization
This means that cryptocurrency transactions don't go through government banks, making them safe from surveillance and manipulation.2. Exceptional transparency
All transaction processes are publicly documented, so everyone can see them.3. International access
The use of this digital currency for transactions spans regions worldwide.4. Fast and low-cost
Transfers between countries are very cheap and fast compared to the general banking system.Methods used for digital currency
The process is quite simple for anyone who wants to transact with this digital currency. You simply need to purchase it from several trusted websites, such as Triv, Tokocrypto, Luno, and Zipmex.Having a digital wallet is the main requirement for using this digital currency for buying and selling. It serves as an intermediary for online transactions such as sending and receiving digital payments.
There's no need to worry anymore, as many business websites now accept digital payments.
Cryptocurrency Entrepreneurs
According to data from the firm a16z, there will be 617 million cryptocurrency users worldwide by 2024. Meanwhile, the Financial Services Authority (OJK) recorded 14.78 million cryptocurrency users in Indonesia by 2025.This is double the number of investors involved in stock trading, which will reach 7 million by 2025.
So, don't wait any longer; let's get involved in this digital currency.
Read also tips to avoid invesment risk
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ECONOMIC AND BUSINESS