It is an alternative currency, just like your debit card, which is backed by the cash you have in your banking account. Cryptocurrencies are not like your credit card or any of the other 180 decentralized currencies under the control of the United Nations, whose currencies are backed by a central bank, whereas the U.S. dollar is backed by the “Full faith and credit” of the U.S. government. Cryptocurrencies are maintained, and the value of […]
The term credit generally refers to a financial agreement in which a borrower receives a certain amount of money or a valuable and repays the lender at a later date, mostly with interest. Creditors grant credit to individuals and businesses based on trust and mutual agreements. For instance, banks will let a person borrow money through a credit card, in hopes that they pay it back within a stipulated period. The individual gets the loan […]
We caught up with Dwight Jones, a serial crypto investor from Las Vegas, Nevada. Mr. Jones was one of the visionaries in this space. He saw the value of bitcoin back in 2009 as an alternative to money or fiat in the world of currency. Wow! He was, of course, spot-on in the decision to take action. At the time, bitcoin was a mere $450.00 per coin and Mr. Jones acquired 20 coins despite the […]
According to a report by Mode Banking, a Bitcoin banking app, Gen-X is the one at the forefront of Crypto investments. The report states that Bitcoin investments have been doubling every month since February 2020 among Boomers and Gen-X, indicating wider crypto adoption. Typically, we expect new technology to have an adverse impact on the older generations. So why does Crypto, which is a relatively newer industry, gain such traction from people in their golden […]
Bitcoins, digital wallets, ICOs, and other cryptocurrency terms are increasingly invading the real estate space and news headlines. Not all of the coverage has been positive, but it has been a riveting rollercoaster ride for real estate professionals, entrepreneurs, and others interested in the newest innovations, technology, and alternative currency. What does it all mean? How are these digital currencies being used in real estate today? What’s in the pipeline? How risky is it? What […]
