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Have You Heard About The New Cryptocurrency?

There’s a New Monetary Instrument called Cryptocurrency.There thousands of  Bitcoins and Cruptocurrencies within the exchange each day.   Here are some  details and support tools that will help you to  understand how and what they are.  

First, Lets break down the basics of what Bitcoin represents:

Bitcoin is the world’s first form of decentralized money. The decentralized structure Bare it’s own economy, without intermediaries or third party providers.

 Blockchain, technologies has it’s pro’s and con’s and rewards. To protect the consumers, regulations are put in place around the Globe. OMINEX is the leader in making this happen.  They are the ones to watch.

Cryptocurrency – How to Protect and Operate within Compliance and Legality Globally:

OMINEX is the leader  in this company and is backed by  engineering and regulatory guidelines. In 2017 they took their knowledge and understandings of regulations to  Blockchain and ICO space.  Their role in the new future is offering Compliant Token Solutions.                           

 

To handle this huge task is OMINEX  who put together the “Open Compliance Project”.   This allows the ongoing platform and support community keep up with this infinite space of growth.  New tokens are being produce daily and  there needs to be in place regulations to protect  users and investors.   The new Coin Offerings has surpassed the 20 new Token Solutions  and they need to be regulated  and this is where OMINEX comes in.

Solutions offered include:

• Solutions for vetting out and verifying the legitimacy of  new coins offered to the World.
• Allowing the Users (via the OMINEX WALLET) to participate in new vetted ICO’s .
• Easy access to view top Coins and to be able to buy,sell, and acquire easily within a single Wallet.
• Paving the way of the Future will be the #1 User for Wallet and Solution accessing and working with Cryptocurrencies.

The things that OMINEX is doing is growing in scale and they are rolling out new benefits and features in order  to handle the demand that Cryptocurrencies and Blockchain deployment is and will create.

What can you do with cryptocurrency 

 A merchant that accepts cryptocurrency is very hard to find. These days,  the situation is completely different.

Cryptocurrencies can be exchange for coins for BTCs.  Gift Card selling websites like Gift Off,  accepts around 20 different cryptocurrencies. Through gift cards, you can essentially buy anything with a cryptocurrency. 

Many people believe cryptocurrencies are the hottest investment opportunity currently available. There are many stories of people becoming millionaires using Bitcoin investments. It is the most recognizable digital currency to date, and  valued at $800. In November 2017, the price of one Bitcoin exceeded $7,000. If you decide to invest in cryptocurrencies, Bitcoin is the dominant one.  Many options are currently available with some coins being privacy-focused..

 Mining is an Investment

An important part of the Cryptocurrenncy network are the Miners They provide a bookkeeping service and contribute their computing power to solving complicated cryptographic puzzles, which is necessary to confirm a transaction and record it in a distributed public ledger called the Blockchain.

A lot of people made fortunes by mining Bitcoins.  Bitcoin mining can become profitable if you’re willing to invest in industrial-grade mining hardware. This can incurs huge electricity bills on top of the price of all the necessary equipment.

 How do miners make a profit? The more computing power they  accumulate, the more chances they have of solving the cryptographic puzzles. It’s nice to solve the puzzle and receive a reward and transaction fee.

If you own a business and are  looking for new customers, accepting cryptocurrency as a form of payment may be a solution for you. The interest in cryptocurrency  is going to increase and along with the growing interest, also grows the number of crypto-ATMs located around the world.

In the US, Bitcoins cryptocurrencies   is recognized as a convertible virtual currency, which means accepting them as a form of payment is exactly the same as accepting cash, gold or gift cards.

Future of cryptocurrency

Al Gore, former Vice President of the United States:

“When Bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the Bitcoin universe an algorithm replaces the function of the government …[that] is actually pretty cool.” [SOURCE]

Bill Gates, co-founder of Microsoft, investor and philanthropist:

It is exciting to see how cheap Bitcoins can be and it is better than Cryptocurrency. You don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” Source

Richard Branson, founder of Virgin Galactic and more than 400 other businesses:

“Well, I think it is working. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin. — People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too.”  Source 

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