The stock market is old school
thinking, I believe new types of digital currency will continue to be invented
as new stocks or forms of old hard currency were invented in the past. Cryptocurrencies
such as Bitcoin have created new types of digital currency for the world.
Countries may eventually use digital
currency instead of cash as countries continue to go bankrupt and start using
digital currency such as in Venezuela
First there was Bitcoin https://en.wikipedia.org/wiki/Bitcoin
that was developed by a group of programmer under the name of Stoshi Nakamoto
in 2008. There are system peer-to-peer transaction directly between individuals
without intermediary banks involved making interest off your funds. “
Read from the blog in coinbase “Bitcoin
mining uses the algorithm SHA-256
which is processor intensive while Litecoin mining uses scrypt which is more
memory intensive.”
There has been a 4 fold increase in
the number of merchants accepting this type of currency.
Bitpay is the world’s leading
payment processor for Bitcoin payments, has announced it has integrated its
service with Amazon’s FBA web services.
A quote from Bitpay illustrates the
growing demand for and use of digital currency by people all over the world.
“While obviously good news
for the Bitcoin currency and for those that own Bitcoins, this development is
also good news for Amazon. Investors and consumers frustrated with non-stop
money printing by central banks are increasingly looking for ways to hedge
themselves against future currency depreciation. Bitcoins can play a role
within a currency hedging strategy. Bitcoins allow consumers in different
countries to conduct business transactions without the normal currency
translation hassles.”
When one of the most valuable company’s “Amazon is getting
into Bitcoin it knows the growing trend of digital currency as a new medium for
currency exchange.
“Fulfillment-by-Amazon allows a seller with inventory
in Amazon's warehouses to sell the items on the seller's own website, and have
Amazon fulfill and ship the order. Products sold through FBA are eligible for
Amazon Prime and FREE Super Saver Shipping. The service from BitPay and Amazon
is available to Amazon sellers in the USA, UK, Germany, France, Italy, and
Spain. Coin Publishing LLC, the operators behind Bitcoin Magazine, have been
using this new feature from BitPay for several weeks now, and they are
extremely happy with the performance.”
http://www.investopedia.com
has a lot of interesting articles on finance.
They have start using Bitcoin type of IRA for individuals,
in so much as millions of Americans are nervous of Roth IRA’s and many
companies retirement plans being taken from them without notice for use in the company’s
operations.
References:
Comments
Post a Comment