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Now You Can Pay For Your University Degree With Cryptocurrency

Now You Can Pay For Your University Degree With Cryptocurrency

Now You Can Pay For Your University Degree With Cryptocurrency

Cryptocurrency has taken the online e-currency market by storm in recent years. The likes of Bitcoin have gone all out and it’s currently the fastest growing e-currency in the world by a considerable margin. As of July 2017, Bitcoin has made investors billions and it’s currently worth more than $2,200 apiece. It’s uncertain how much further the value of Bitcoin is expected to grow, but as its market cap alone was valued at more than $40 billion in May 2017, it’s certainly a cryptocurrency worth implementing online.

That’s why many merchants and businesses and e-commerce stores have sided with cryptocurrencies such as Bitcoin. It seems they are the go-to e-currencies right now, along with the standard PayPal and Skrill payments.
 

THE E-COMMERCE INDUSTRY HAS SEEN A RISE IN MERCHANTS IMPLEMENTING BITCOIN

Popular domain registrar, Name Cheap, has been accepting Bitcoin for a while now and it’s businesses like that that have seen a rise in consumers because of the popularity of cryptocurrencies like Bitcoin.

Many web developers now use Bitcoin as a standard payment method for their web development resources such as domain registration, web hosting, and even as their primary method for their own web development businesses.

 

ONLINE BOOKMAKERS HAVE BEEN USING BITCOIN FOR YEARS

While many official bookmakers haven’t quite got to grips with cryptocurrency yet, there are still several online bookmakers that have implemented it as a deposit and withdrawal payment method. It looks set to grow in popularity with bookmakers in 2017 because it offers a fast and easy deposit method, much like the process PayPal and Neteller offers.

UNIVERSITY OUTLETS HAVE SEEN A RISE IN CRYPTOCURRENCY IMPLEMENTATION

Those studying for an online healthcare MBA using a healthcare MBA online program now have it easy when it comes to paying for their online courses. With cryptocurrency now available as a payment method, many more students have opted to obtain their degree using online courses provided by multiple universities around the United States.
 

POPULAR ONLINE MARKETPLACES NOW USE BITCOIN

While the likes of Amazon have still yet to implement Bitcoin as a payment method, there are still other stores that use it. For those with Shopify stores, for example, Bitcoin is a payment available to both you and your customers.
 

Shopify is one of the few stores and e-commerce set ups that have provided Bitcoin as a payment option for more than three years. Shopify announced in November 2013 that the cryptocurrency was available for all merchants to implement into their own set ups. It’s unclear whether any of the other big marketplaces will implement it anytime soon, but it’s not a matter of if they are going to implement it, it’s a matter of when.

Although Bitcoin holds the number one spot as the most popular cryptocurrency available, there are still other fast-growing currencies that are providing much bigger competition. It is clear Bitcoin is loved by many and it’s almost certain to be a popular payment method with bigger e-commerce stores in the future.
 

David Ogden
Entrepreneur.

David ogden Cryptocurrency entrepreneur

 

Author: Oliver Wood

 

Top 3 Reasons Not to Use an Exchange Wallet to Participate in a Cryptocurrency ICO

Top 3 Reasons Not to Use an Exchange Wallet to Participate in a Cryptocurrency ICO

Top 3 Reasons Not to Use an Exchange Wallet to Participate in a Cryptocurrency ICO

Even though cryptocurrency ICOs have been going on for quite some time now, a lot of basic questions continue to show up. It appears there is a lot of confusion as to why one should never send funds to an ICO from their exchange wallet directly. There are several good reasons as to why this should not be done, though, as we outline below.

3. TRANSACTION DELAYS CAN COST MONEY

Contrary to what some people may think, exchange wallets do not always send out withdrawals right away. In some cases, it can take an hour or longer until your withdrawal is effectively processed. Depending on which cryptocurrency we are talking about, it may take even longer to get the necessary network confirmations. This is anything but a fun experience, especially when it comes to dealing with a cryptocurrency ICO.

These ICOs often provide early investors with some sort of a bonus. Having to wait until the exchange sends out your funds can result in buying less ICO tokens than initially anticipated. It is not something anyone wants to deal with. Even if an ICO is scheduled to last multiple days, there is no reason not to transfer funds to your own wallet first before participating in a crowdsale.

2. AN EXCHANGE WALLET IS NOT YOUR WALLET

It may be hard for novice users to understand this principle, but a cryptocurrency wallet is not like a bank account. With a bank account, you rely on a third-party service provider to safeguard your funds. That is exactly what exchange wallets are, yet they do not let users spend their funds as they want. You always need “permission” from the exchange wallet service provider to move funds around, which is both annoying and risky.

There is a big difference between an exchange wallet and a private wallet. With a private wallet, you are the only one controlling the wallet address and its associated private key. An exchange wallet is generated on your behalf, yet you have no control over it whatsoever. Although you can freely use an exchange wallet, it is not your digital property by any means. Unless you own its private key, it’s not yours, nor is any of the money associated with it.

1. YOU WON’T GET YOUR TOKENS (RIGHT AWAY)

Perhaps the biggest complication that arises when using an exchange wallet is how the purchased ICO tokens are not yours to control by any means. In most cases, a cryptocurrency ICO smart contract will send money back to the address the deposit was made from. If that wallet is an exchange wallet, the exchange is the actual owner of the tokens you purchased using their wallet. That is a rather disturbing way of buying ICO tokens, yet the end user cannot claim ownership of the tokens, as they do not own the wallet’s private key.

Granted, in some cases, exchanges will eventually support these ICO tokens and return the purchased amount to the customer. However, one has to keep in mind they have no legal obligation to do so by any means. If you send money to a cryptocurrency ICO address from a wallet, you do not fully control as the sole owner, it is your own fault. All ICOs clearly warn users not to send funds from an exchange to avoid any complications.

 

David Ogden
Entrepreneur

 

Author: JP Buntinx