ALL YOU NEED TO KNOW ABOUT BLOCKCHAIN
What is Blockchain? •
Blockchain is actually a digital ledger that keeps record of every single Cryptocurrency transaction. It is more secure as compared to the traditional ledger used in traditional banking system.
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Coming to the point, Blockchain helps businesses maintain the transparency of transactions. More importantly, it helps them increase their consumer base and ROI unlike traditional ledger used in banking system. As for reason, the personal information and transaction related information always remains in the hands of consumers.
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More importantly, it works faster and helps businesses get their money credited to their bank accounts securely and quickly as compared to the traditional banking system.
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It removes the requirement paying fee to payment processors. That really adds to the profit of businesses from 1% to 5%.
Where To Invest In Blockchain This is another important question. There are multiple ways for businesses to invest in Blockchain. For example: ■ Investment in Coins and Tokens ■ Investment in Startups Wiling to Exploit Blockchain Technology. ■ Investment in Blockchain ETFs That Are Traded Publicly. ■ Investment of Time for Seeking Valuable Education about Blockchain Technology. In case you are a businessman thinking about investing in Blockchain for making money then these are some solid reasons why you should hire Blockchain developers in India.
Why We Need Blockchain Developers ■ Bitcoin took the whole financial world by storm. It was a kind of new financial trend on digital front. It really paved way for other Cryptocurrencies to get in and make their presence felt. More importantly, its super-fast popularity forced many people or businesses to think about how to invest in Blockchain. ■ Need for Developers Depends Upon Some Factors:1) Now Why Investment in Blockchain is Necessary for Businesses? 2) What is Blockchain? 3) How to Invest in Blockchain? ■ Now Why Investment in Blockchain is Necessary for Businesses? This is a million dollar question we need to seek answer to. However, there is something that everyone needs to know before seeking answer to the first question.
How To Make Money With Cryptocurrency ■ You must have heard a lot about Blockchain based startups like Agrello, Bloom, Everex and Selfkey. All of them are making progress in their respective fields on the basis of Blockchain technology. But how many Blockchain based platforms are helping people earn for their contribution? ■ The answer to this million dollar question is Steemit. It is actually a Blockchain based social media platform where people join and discuss various concepts of their interest. It is a kind of Quora, Answers and Reddit in itself. The only difference is that users make money with Cryptocurrency on Steemit because it is based on Blockchain technology. ■
Steemit is the first Blockchain based social media/discussion platform where users make money with Cryptocurrency for producing valuable content.
How Cryptocurrency Makes Money For A Businesses â– Some popular names include Amazon, Microsoft, Playboy, Subway, Reddit, Expedia, Wikipedia, Rakuten, T-Mobile Poland etc. Some businesses are also creating their own Cryptocurrencies. â– Why Businesses are Accepting Payments in the Form of Cryptocurrencies: I.
Running a business is constantly becoming an expensive task in 21st century. They have to pay for everything or every payment service they avail. But this is not the case with businesses accepting payment in the form Cryptocurrency.
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A lot of businesses now make money with Cryptocurrency as it saves them the money they pay as fee to payment processors. This actually adds to their Return on Investment (ROI) by at least 1% to 5%.
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Their consumer base increases as consumers also find payment in the form of Cryptocurrencies fast and secure. This saves their valuable time. More importantly, they face less chances of financial fraud. It is because their personal information is not leaked.
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