What are the merchants that accept Ripple as payment? If you are not familiar with Ripple, the company’s official site describes itself as “the only enterprise blockchain company today with products in commercial use”. A July 2020 article by the Daily Hodl notes that Ripple has grown more than 45% in the first half of 2020.
The Ripple global payments network features some “300 customers across 40+ countries and six continents”. Ripple (also referred to as XRP) is considered by some as one of the most popular cryptocurrencies behind Bitcoin, Ethereum, etc. And the list of investors is impressive; Seagate, Accenture, and SBI Group are just a few of the companies working with Ripple.
Should you invest in Chainlink? Chainlink is an Ethereum token associated with the Chainlink decentralized oracle network. If you are new to this technology, the network facilitates the use of “smart contracts” on Ethereum to securely connect to external APIs, payment systems, and more.
When deciding whether or not to invest in anything related to cryptocurrency, there are three factors to consider–the longevity of the entity you want to invest in (Are they a fad or a long-term player?), the reputation of the investment, and the volatility of it.
Chainlink has been a force to be reckoned with in 2020, and the most important thing you can do when deciding whether to invest or not is to learn as much as you can about the past performance of your investment and what the overall feeling is in the community about the future where your investment is concerned. Read More
Do you want to learn how to buy Bitcoin using Amazon gift cards? There is really not much to the process; you find a website serving as an exchange platform, you get matched or find matches for those seeking Amazon gift cards in return for Bitcoin, and make your transaction. Easy, right?
Except that people asking “How do I buy Bitcoin using Amazon gift cards” might not have the experience dealing in cryptocurrency to know the reputations of the platforms involved, the people buying and selling there, etc. How do you know if you are being scammed? How do you avoid getting ripped off?
Investing in Bitcoin (and other types of cryptocurrency) has definite pros and cons. Are you a newcomer to Bitcoin and digital currency in general? Here are some things to keep in mind when exploring your options for Bitcoin mining, spending, and investing.
Being digital, there are claims that Bitcoins can’t be counterfeited like paper money. That would seem to be a definite check in the “pro” column, but remember that while cryptocurrency may have some advantages in this department over physical currency, there are plenty of scammers out there operating everything from botnet spam email scams to bogus websites designed to look like legitimate operations–this “con” requires Bitcoin users to be more vigilant about the sites they visit and the offers they respond to.
Is cryptocurrency an investment? Some think that is a dumb question, but there is a big difference between a traditional type of investment and a different type of investing known as speculation. What you don’t know can definitely hurt you in both worlds–do you know the difference?
I have a family member who was badly burned by a lack of understanding about the rules of investing. This person lost roughly $20 thousand because they did not fully comprehend the rules of online trading, especially where investment behavior that looks like day trading is concerned.
A year or two after this incident, I got interested in investing myself–the same kind of investing my family member was involved in. I purchased six different books trying to learn about the ins and outs of online trading–especially day trading and related issues. But I could not find any rules that addressed the issues that led to my family member’s financial loss.