Did you know that in the world there is a great variety of forms of payment, usually we are used to receiving money from your employer and most of the time your money is deposited into a bank account, once you collect your money then you go to a cashier and you get cash, this is what people do regularly.
Now, each country has its own currency and usually you have no problem paying someone if you make a transaction in your country, but if you have plans to pay someone in another country, then this is where we have to convert our money to that currency and make the transaction. What is the problem with this? The charges, the reality of things is that banks make a lot of money when you transfer money to other countries, in the same way we have companies like Paypal and Western Union that allow you to transfer money to another country, the problem with this is also that they they are going to charge you a fee for the transaction and, on top they are going to convert the currency to the local cost, in most cases, you are going to lose money.
So, this is where Cryptocurrency can help. Visualize Cryptocurrencies as a type of virtual money, imagine being able to send and receive money worldwide using your cell phone instantly, or in the same way if you are going to buy something from a store instead of having to take out your wallet and deliver money in cash and go through a bank, you can simply make the transaction instantly without having any type of charge, Cryptocurrencies are the future and they will be used as much as what is used in current money.
Some of the most popular Cryptocurrencies are:
How can we make money with Bitcoin and other currencies?
We already have an idea of how Bitcoin, Litecoin and the other currencies work, now we are going to see what we can do to make money and what we can do to take advantage of the popularity of Cryptocurrencies.
1. Trade coins and buy and sell Bitcoins depending on the valuation you give it. Like Forex, it is possible to buy and sell Dogecoin, Etherium and the others based on prices. If a Cryptocurrency falls in price you can buy and sell it after it rises in value.
2. Invest in Bitcoin and watch your money grow over the years, with this method it is not necessary to sell your Cryptocurrencies, all you have to do is buy when prices are low and not sell in 5, 10 or 15 years. Usually, these types of investments appreciate over time like real estate, a platform that I use is Robinhood (Android and iPhone).
3. Write about these currencies and generate income through affiliate programs or Google Adsense links. To do this is very easy, register your domain in Namecheap and create a blog and publish the latest news about Bitcoin and the other Cryptocurrencies, there are many companies that are willing to pay a commission such as eToro and Coinbase or you can use Adsense ads, The more original content you write, the more ads you will get and the more traffic, which over time will generate extra income.
Bitcoin and all other currencies have a future that will benefit humanity, the ability to have a world currency and the fact that we will not need banks to make transactions is something that will allow all people to be able exchange goods, in addition to this, Cryptocurrencies prevent inflation and help the economy, invite in the future and learn and inform your friends and family about what is coming in the coming years.
Related: Here are the brokers that I use.