Change cryptocurrency to cash 4 brends

He has worked at the BIS and for two central banks. Over the weekend, Tesla chief executive Elon Musk suggested his company could sell off its Bitcoin holdings, sending the cryptocurrency plummeting. Bitcoin is created via high-powered computers solving complex mathematical equations. These computers use a lot of electricity , which is often generated by fossil fuels. The development has also shone the spotlight further onto the carbon footprint of cryptocurrency — an issue that will not go away soon.

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Content:

• 12 most popular types of cryptocurrency
• Coinbase Strategy Teardown: How Coinbase Grew Into The King Midas Of Crypto
• The New Get-Rich-Faster Job in Silicon Valley: Crypto Start-Ups
• What You Need to Know Before Accepting Bitcoin Payments
• Forget cash. Pay me in bitcoin
• How top 15 cryptocurrency prices changed for long-term investors in 2021
• What is cryptocurrency and how does it work?
• Top 10 Cryptocurrencies In February 2022

WATCH RELATED VIDEO: Selling Your Cryptocurrency For CASH - 4 Methods

12 most popular types of cryptocurrency

Interest in cryptocurrency, a form of digital currency, is growing steadily in Africa. Some economists say it is a disruptive innovation that will blossom on the continent. Cryptocurrency is not bound by geography because it is internet based; its transactions are stored in a database called blockchain, which is a group of connected computers that record transactions in a ledger in real time.

Created in by a person or people with the alias Satoshi Nakamoto, investors hope Bitcoin becomes the new mode of financial transaction in the digital age. It is no surprise that some of these countries are among the main Bitcoin economies in Africa. The BBC adds that cryptocurrency is gaining ground in Uganda. There will be million mobile phone subscribers in Africa by , according to the GSM Association, which represents the interests of mobile operators globally. That means more Africans will have the tools to plug into the cryptocurrency ecosystem, says Mr.

That African governments are not now regulating cryptocurrency may be a factor spurring its growth on the continent; however, there is no guarantee that governments will not change their current mindset. Rather than simply not wanting to, governments may be powerless to regulate cryptocurrency, the Nigerian central bank indicated recently. Fearing a collapse of the banking industry or arbitrary appropriation of money by the government, Africans without access to banks and who live in politically unstable countries could be attracted to cryptocurrency.

Darko explains. Some 15 cryptocurrency-related operations began in Africa in the past year alone, reports Mr. But South Africa—based Luno Exchange, established in and now boasting 1. Others, particularly cryptocurrency-based remittance services, are popping up in various countries. The Plaas Application is a mobile app that enables farmers to manage their stock on the blockchain.

Not to be left out, some governments are moving into the virtual currency terrain. Senegal is in the process of creating eCFA, which, if successful, could be emulated by other Francophone countries in Africa. There will be government-issued cryptocurrencies in Africa in the near future, predicts Shireen Ramjoo, ceo of Liquid Crypto-Money, a South Africa-based cryptocurrency consulting firm. Industry experts believe that cryptocurrency will be around for years.

That Bitcoin users can send money to just about anywhere there is an internet connection for relatively small fees and with no third-party interference is an advantage that standard government-issued currencies cannot offer.

Without regulations, cryptocurrency is a double-edged sword; there may be gains from time to time, but any precipitous crash in price could leave investors with no escape route. There is also the fact that cryptocurrency can be used by criminals to funnel funds. Countries such as Bangladesh, Ecuador and Kyrgyzstan believe the risks outweigh the gains and have banned Bitcoin as well as initial coin offerings or ICOs, which are used by start-ups to evade the demand for capital by banks and other financing institutions.

Those guidelines could be a slippery slope to regulation. Also, poor power supply in many countries continues to impede the internet access on which cryptocurrency largely depends. Despite some analysts likening Bitcoin and other cryptocurrencies to a Ponzi scheme, many Africans are taking the risk to invest in them. Other experts, such as Mr. Darko, believe Africa should warmly embrace the innovation. Skip to main content. Get the free mobile apps Get the latest news from us on our apps.

Welcome to the United Nations. Toggle navigation Language:. Africa Renewal. Africa could be the next frontier for cryptocurrency Get monthly e-newsletter. Africa could be the next frontier for cryptocurrency. Experts say conditions on the continent are great for virtual currency.

From Africa Renewal:. April - July Pavithra Rao. Bitcoin spreads That African governments are not now regulating cryptocurrency may be a factor spurring its growth on the continent; however, there is no guarantee that governments will not change their current mindset. Also in this issue.

Cover Story. African youth demand a seat at the table. By Busani Bafana. Africa Watch. By Africa Renewal. Youth Leadership. The hashtag revolution gaining ground.

By Eleni Mourdoukoutas. Nurturing young leaders. By Franck Kuwonu. Youth can be agents of positive change. By Zipporah Musau. Youth Profile. Raphael Obonyo: From poverty to the pinnacles of power. By Raphael Obonyo. By Gayane Alikhanyan. Gwendolyn Myers: A peace advocate. By Gwendolyn Myers. Eric Kaduru: Agripreneur with a passion. By Shu Zhang. Gogontlejang Phaladi: A social change activist.

Bringing rural women to the frontline. By Kingsley Ighobor. Mission accomplished: 15 years of peacekeeping success in Liberia. How we disarmed Liberian fighters. By Pavithra Rao. UN signals new era of partnership with Africa. By Lansana Gberie. Cape Town water taps running dry. By Masimba Tafirenyika. South African tourism holding steady.

By Kerry Dimmer. Africa Books.

Coinbase Strategy Teardown: How Coinbase Grew Into The King Midas Of Crypto

Exploring the paradoxical rise and uncertain future of crypto. The last 18 months have transformed cryptocurrency. Its growth has been faster than ever, yet its future has never been so unclear. Flush with time on their hands and few activities to spend money on, many consumers have forayed into crypto trading for the first time during the pandemic. This all leads to one big trend. Cryptocurrency, once only understood among a relatively fringe community of anti-establishment investors, is now becoming a household name — and quickly.

The New Get-Rich-Faster Job in Silicon Valley: Crypto Start-Ups

Home » Topics » Cryptocurrencies. The digital currencies story is a continuation of the long-running saga of economics, markets, and commodity exchange in human society. With the constant rise of the global network, we have witnessed many global services becoming widely accepted and in a way changing by adding to our experience of mutual interaction. Looking back in history of the Internet we can conclude that public-key cryptography and digital signatures make e-money possible. The main difference between e-money and virtual currencies is that e-money does not change the value of the fiat currency euro, dollar, etc , but virtual currency is not equivalent to any fiat currency. In other words, all digital currency is electronic money, but e-money is not necessarily digital currency. Electronic money or e-money in short is the money balance recorded electronically on a stored-value card or remotely on a server. E-money is usually associated with so-called smart cards issued by companies such as Mondex and Visa Cash.

What You Need to Know Before Accepting Bitcoin Payments

Bitcoin has not only been a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, but has also become the de facto standard for cryptocurrencies, inspiring an ever-growing legion of followers and spinoffs. Cryptocurrencies are almost always designed to be free from government manipulation and control—although, as they have grown more popular, this foundational aspect of the industry has come under fire. The cryptocurrencies modeled after Bitcoin are collectively called altcoins, and in some cases, shitcoins , and have often tried to present themselves as modified or improved versions of Bitcoin. First, though, a caveat: It is impossible for a list like this to be entirely comprehensive. One reason for this is the fact that there are more than 8, cryptocurrencies in existence as of January

Forget cash. Pay me in bitcoin

Cryptocurrency made many of the strangest headlines of Boosters touted digital currencies as a world-changing technology with the potential to create new economies and empower people who don't have access to bank accounts. Critics pointed to crypto's massive environmental footprint , as well as its popularity in online crime. The chasm between these views will be hard to bridge. Much of the cryptocurrency industry functions as a hype-monster, powered by oddball memes of cute dogs and outer-space emoji. The same industry boasts a staggering amount of funding from venture capitalists and private enthusiasts, along with real technical innovations that could radically alter the way we interact with money.

How top 15 cryptocurrency prices changed for long-term investors in 2021

These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend. As part of its quest to be an advanced economy, China initially appeared to embrace cryptocurrency. In , just two years after bitcoin was born, the country opened its first bitcoin exchange. By , as both a center of trading and a maker of equipment used to mine bitcoin, China was a deeply influential player in the industry. But since , when Xi Jinping took over leadership of China, that crypto calculus has changed. Now, as China starts enforcing its toughest crackdown on crypto yet, the digital yuan is coming closer to reality.

What is cryptocurrency and how does it work?

Top 15 Cryptocurrency Prices in : Almost all top crypto assets brought big returns to investors in Despite extreme volatility in crypto markets throughout the year, long term investors hodlers have made significant gains this year. Bitcoin, which is also often referred to as the digital equivalent of gold, continued to remain the top crypto asset by market capitalisation.

Top 10 Cryptocurrencies In February 2022

RELATED VIDEO: Binance Tutorial: How To Convert Cryptocurrency Into Fiat (Money/Currency)

Digital currency may not be quite mainstream yet, but a growing number of companies are now are accepting Bitcoin as payment. The question is, should your small business do so too? The answer depends on your business goals, and exactly what you plan on doing with your digital gains. Let's start with a definition: Bitcoin is just one type of cryptocurrency, which is decentralized, digital currency that can be used to buy goods and services but can also lose or gain value, like stocks. Many companies have turned to crypto during the pandemic to store their cash reserves, viewing currencies like Bitcoin as a safe bet amid economic uncertainty.

Blockchain technology is most simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. By inherent design, the data on a blockchain is unable to be modified, which makes it a legitimate disruptor for industries like payments, cybersecurity and healthcare. Our guide will walk you through what it is, how it's used and its history. Blockchain, sometimes referred to as Distributed Ledger Technology DLT , makes the history of any digital asset unalterable and transparent through the use of decentralization and cryptographic hashing. A simple analogy for understanding blockchain technology is a Google Doc. When we create a document and share it with a group of people, the document is distributed instead of copied or transferred. This creates a decentralized distribution chain that gives everyone access to the document at the same time.

There are several factors an individual might want to consider before converting cryptocurrency into cash. Cryptocurrency is now a popular investment option for younger people but you can't exactly spend your crypto in order to pay for your dinner. Well, you can if you want to choose from a few limited options as big businesses get on board but for the most part, people still need to convert their crypto into cash. The good news is that this is very easy to do.