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Companies are now accepting Bitcoin payments – How does it affect Bitcoin exchange and trading?

The main reason for it being able to touch new heights is probably because it has the strong support of many major companies and investors.

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Bitcoin has emerged as a formidable force in the financial market. Last year’s coronavirus pandemic has brought an immense spotlight to this cryptocurrency. Its emerging popularity has prompted many companies to start accepting it as a proper currency.

Tesla announced this February that they are mulling over accepting bitcoin payments for their vehicles. Even its chief, Elon Musk, has voted for bitcoin repeatedly. And Tesla isn’t the sole player here.

Big conglomerates and corporations such as Microsoft, Home Depot, Etsy, Starbucks, Twitch, KFC-backer Yum brands, PayPal, Namecheap, Whole Foods, have agreed to break the status quo and start welcoming the decentralized digital currency. This strong foothold has given markets the confidence to indulge in crypto trading.

Let’s first know about bitcoins

Before going any further, let’s learn about the basics. What is bitcoin and how did it become such a favorite for entrepreneurs like Musk or even Bill Gates.

For starters, it’s a digital asset or currency and has no central bank or single administrator. Though the real value of bitcoins is highly volatile, it is still preferred because of certain reasons:

  • Ideologies such as anarchism, decentralization and libertarianism
  • For the sake of convenience
  • For investing in currency
  • The privacy of the transactions.

The growing importance of bitcoins

Many analysts are of the opinion that bitcoins are here to stay and this widespread acceptance will have ramifications for the upcoming decade.

The main reason for it being able to touch new heights is probably because it has the strong support of many major companies and investors.

To recall, it was earlier slammed for being illegal, but nowadays, bitcoins are gaining prominence in the business world. Many are indulging in crypto trading or buying bitcoins worth millions.

Noted rapper Jay-Z and Twitter founder-CEO Jack Dorsey have bought 500 Bitcoins to create a Bitcoin Development fund, which will be a “blind irrevocable trust” keeping in mind Africa and India. Even Musk’s Tesla invested $1.5 billion in bitcoin. All these are pushing its prices north and upwards, solidifying its reputation.

Bitcoin and currency trading

As mentioned earlier, the popularity and increasing legitimacy of bitcoins has given traders the confidence to rope in bitcoins in currency trading. In recent times, many forex traders are going for crypto trading and have also started accepting bitcoins.

So if you want to engage in forex trade with bitcoins, you must keep certain things in mind:

  • Look for a broker who accepts bitcoins and open a forex account
  • From your digital wallet, transfer 2 bitcoins to the broker’s
  • Choose a forex brokerage that is locally regulated
  • Till the time you are aware of what you are doing, do not use leverage

So now what is crypto trading?

As the name suggests, crypto trading is the investing and buy-n-sell of cryptocurrencies. Do note that bitcoin is not the sole cryptocurrency in the market. There are others such as Ethereum, XRP and Tether. But since bitcoin is the original one, it is the most famous, trustworthy and significant.

Crypto trading may be scary at first because people have lost a lot of money via scams or otherwise. Also, it is highly unstable in comparison with any other traditional currency. But if you want to indulge in crypto trading, the time is now.

Leaving doubts aside, crypto trading has its benefits as well:

Volatility: It may sound like a disadvantage. But, experts mark out that it is this factor that makes trading in cryptocurrencies so much more exciting. Yes, you can suffer losses, but the profit earning can be huge as well. But, do good research before diving.

Market hours: Since this has no central bank or administrator controlling it, the crypto trading market is open all the time, the entire week and for 24 hours.

Deposit amount: You can start with as low as $25, but make sure the broker is registered.

Safety and security: There is no need for you to reveal your card details or even the tidbits of your bank account. So this is a big bonus in terms of financial security.

The way ahead for cryptocurrencies

In some countries, bitcoin-type currency comes as a saving grace and a messiah. Venezuela, for example, is reeling under economic downfall, with its domestic currency witnessing a sharp decline. In that case, it’s considered as a protection against rising prices and inflation.

However, experts are also of the opinion that a crash in cryptocurrencies may have a severe impact on the market. This can spark a massive financial crisis across the world. However, it needs to be noted that the size of the market is still not that huge to spark the systematic risk.

So, investors think cryptocurrencies are a hedge against inflation or a medium for speculation. But the market capitalization of all the digital currencies is much less than companies. So, the world is still not at that much risk.

"NM Partners" represent articles published in partnerships with Corporate Organisations, Government and Non-Governmental Institutions, and other stakeholders seeking to publish content on Nairametrics. Content includes Press Releases, Targeted content, and other forms of corporate communications targeted at our readers. Some of these content are paid for.

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JustLiquidity; The best place for easy and decentralized Crypto

JustLiquidity aims to be the leading top decentralized exchange on the Binance SmartChain, with revolutionary developments and product’s

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JustLiquidity; The best place for easy and decentralized Crypto

Introduction of Julwallet feature (NFTs minting and NFTs shop)

NFTs and NFT artists have been trending a lot in the African art space

NFTs or NonFungibleTokens as it stands, are redefining the very outlook of various forms of creative work like art, video, music, characters in a game etc. NFTs by their very definition represents unique data on the digital ledger or blockchain. Unlike Fungible tokens on the blockchain, these tokens are not interchangeable as they represent something unique in themselves.

Justliquidity has introduced a few products to the general public that makes creating, storing, selling and sending NFTs all on the Binance SmartChain as BEP1155 token, the Julwallet is one of its revolutionary products that has all these features in it and more in development currently.

Our Telegram group and Twitter handles are:

JustLiquidity
https://t.me/justliquidity

JustLiquidity Africa
https://t.me/JustliquidityAfrica

https://twitter.com/JustLiquidity?s=09
https://twitter.com/JulSwap?s=09

https://justliquidity.medium.com/

A few of other products JustLiquidity are:
The most popular one is julswap.com which is our popular decentralized exchange

Our community token JULD can also be used for bookings on Travala.com

Our Blackhole is a fully Decentralized protocol for private transactions on the #BinanceSmartChain.

We also have a token Bridge between the Ethereum blockchain and the Binance SmartChain .

$Juld can also be used for payments on shopping.io

More features coming soon including our Julpad which is which is launchpad for new projects and also a debit card feature.

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CHI Limited celebrates its maiden Hollandia Dairy Day

The Hollandia Dairy Day Conference is a public interest initiative created to highlight the importance of dairy in everyday nutrition and healthy living in Nigeria.

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CHI Limited celebrates its maiden Hollandia Dairy Day

Nigeria’s leading dairy brand, Hollandia, is set to hold the maiden edition of its Hollandia Dairy Day. The event which will be celebrated on the 18th of May 2021 will provide a veritable platform to drive national discourse on the unrivaled health and nutrition benefits of dairy consumption to people of all ages.

Set to be hosted as a conference, the theme of this year’s event is “Dairy Nourishment to Support Healthy Living”, and it focuses on the vital role dairy consumption plays in our everyday nourishment, its benefit to our overall health, and why dairy products should be included in our diets every day.

This conference, which is designed as a hybrid of physical and virtual event, will feature presentations, interviews and panel discussions from health experts and nutritionists as they provide insights and share perspectives to guide informed decisions about dairy consumption as part of a daily balanced diet. The event is opened to the public through the brand’s multiple social media platforms.

According to a report by the Food and Agriculture Organization of the United Nations, 2019, Nigeria has low dairy consumption levels per head – 15 to 20 liters’ per capita consumption. This is partly attributable to low purchasing power of the average Nigerian household, who rank milk and dairy products as non-essential luxuries and prioritize other staple foods such as rice, beans, and yam.

By provoking the conversations and stimulating public action/intervention, Hollandia aims to drive consciousness for dairy consumption and its importance to achieving optimum health, and to get many more Nigerians drinking, using, and consuming dairy products.

The past year has presented unprecedented shocks and disruptions, including a global COVID-19 pandemic. As communities throughout the world look for ways to minimize the risk of COVID-19, maintaining and boosting good health is top of mind for many. Dairy foods such as milk and yogurt contain essential nutrients, including Vitamins A and D, Zinc and Protein, which support immune function.

The Hollandia Dairy Day Conference is a public interest initiative created to highlight the importance of dairy in everyday nutrition and healthy living in Nigeria.

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