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Cryptocurrencies, much more than a rumor

Currently, cryptocurrencies are gaining immense ground in the field of investments on a global scale, perhaps many of us have heard about Bitcoin (the most famous and controversial of all) but we have no idea how to get it, how to give it utility or if it really is a reliable project.

In this article, several elements will be put on the table that will help you, as a reader, to obtain a clearer vision of this growing and interesting digital universe, taking Bitcoin as a reference.

The beginnings

Let's start by talking about its beginnings, the creator of Bitcoin proclaimed himself as Satoshi Nakamoto, his true identity is still a mystery, according to his own statements made in 2012, he was a 37-year-old man who lived somewhere in Japan. However, there are many doubts about this, for example, you are fluent in English and the Bitcoin software is not documented in Japanese, leading many to think that it is not actually Japanese.

In an eagerness to find Satoshi, a Swiss coder analyzed the times of the day that Satoshi posted on Bitcoin forums and found that the most common posting times aligned with the average sleep time of someone living in North America. .

So let's go back to the year 2009 when someone, a person or a group of people, published that Bitcoin is classified as the first cryptocurrency that is fully decentralized using blockchain as its operating system. Currently there are many types of cryptocurrencies that have been based on Bitcoin, since it was the initiator, with variations of all kinds.

Her CARACTERISTICS

But, what are the characteristics of these cryptocurrencies that are catching the eye of many investors in the world?

Cryptocurrency systems guarantee the security, integrity and balance of their account statements (accounting) through a network of agents that verify (distrust) each other called miners.

Breaking the existing security in a cryptocurrency is mathematically possible, but the cost to achieve it would be unaccountably high.

Cryptocurrencies make possible the so-called internet of value, also known by the acronym IoV (internet of value), also called the Internet of money: they are Internet applications that allow the exchange of value in the form of cryptocurrencies.

It goes directly from the buyer to the seller. In this way, there is a universal value transfer system, free from intermediaries.

Reduce times. Although payments online are fast, settlements between the parties take time and the seller receives the amount days after payment. With cryptocurrencies, the delay is of the order of minutes.

Eliminates the need to use financial agents to transact.

In this way, one of our questions is resolved, is it a reliable project? Yes, it is, but in addition to being reliable, it is not traceable, because a Wallet-to-Wallet transaction only generates an operation "hash", which is only useful to know that the beneficiary received the transfer, but does not provide details of your location.

How to generate Bitcoins?

Once these aspects have been defined, let's talk about how to generate Bitcoins, for this we will define their value, which currently is around 10,300 USD, there are several ways to obtain Bitcoin as a payment method, some ways will be exposed below:

As a payment method for the provision of a certain online or face-to-face service.
Through mining, an activity for which high-powered mining equipment (Computations) would be needed.
Through "Faucets" (Internet pages that pay small portions of Bitcoin to generate visits)
By investing in certain platforms (of doubtful origin) that promise a certain monthly, weekly or even daily return. This method is not recommended at all, since most of them end up running away with our capital.
Buying directly with FIAT (USD, EUR, ETC) on high reliability exchanges or directly from a person.
Investing in TRADING (the most recommended). The Bitcoin fluctuates its value in a matter of seconds, this volatility allows to obtain profits.

It should be noted that the previous investment mentions carry a risk (depending on your choice it will be the magnitude of it)

How do we make it useful?

There are many ways that mobile apps can benefit a business, and we'll tell you why:

List of top Internet merchants

Overstock - the first major online retailer to fully accept and support Bitcoin payments. You can buy from furniture to laptops and televisions.
Newegg - an electronic retail giant that accepts payments in Bitcoin for most of its products.
WordPress - the popular platform for launching blogs and web pages announced that improvements within its portal can now be purchased with Bitcoin.

Shopify - an e-commerce platform that allows users to create their own online stores similar to Etsy and eBay.
DELL - a giant of the computer industry and one of the companies that has believed the most in Bitcoin. He started accepting it as a form of payment in 2014, when he was still not well known.
Etsy - around 100 sellers accept Bitcoin payments currently.
Microsoft - one of the largest companies in the world allows users to add money to their accounts using Bitcoin.
Amazon - With the help of the Moon company and the Lightning Network, Bitcoin can now be used to buy anything we want on Amazon. We do not buy directly from Amazon, but we can use BTC for whatever we need.

Services

Dish Network - an American direct broadcast satellite service provider.
ExpressVPN - high speed and secure VPN network.
PureVPN - high speed and secure VPN network.
OKCupid - online dating site.
Reddit - you can buy premium features with Bitcoins.
Namecheap - domain name registration.
Treehouse - a specialist in interactive online education, who is accepting Bitcoin for a variety of courses.

Video game

Xbox - pay for games, add-ons, and Xbox Live subscriptions.
PlayStation Network - pay for games, add-ons, and PS Network subscriptions.
Humble Bundle - Indie gaming website.
Big fish games - a casual games company based in Seattle, Washington.
Green Man Gaming - games, game serials and digital games.
Zynga - mobile and online games.

Travels

Expedia - one of the world's largest online travel booking agencies currently accepts payments in BTC for hotel reservations, but is planning to introduce the Bitcoin payment option for flights, activities and more.
AirBaltic - the first airline to accept Bitcoin for a variety of flights.
Webjet - a travel booking website offering flights, hotels, cruises, car rentals, and more.
CheapAir - online travel booking website where you can pay for flights, car rentals, train tickets and more.
Bitcoin Travel - a travel booking website with one of the most comprehensive lists of companies using Bitcoin.

Travel For Coins - a travel booking website that allows users to make their travel arrangements and pay for them with BTC.
Virgin galactic - Richard Branson's company, the world's first commercial space line to accept Bitcoin.
Corporate Traveler - The UK's leading travel manager notified in mid-2019 that it would accept BTC thanks to a partnership with BitPay.
Casual Hoteles Chain - The Casual Hoteles chain of hotels in Spain has started accepting payments in Bitcoin since February 2019.

Food, Bars that accept Bitcoin

Subway - you can buy sandwiches with Bitcoins in various places around the world.
PizzaForCoins - a service that allows you to order pizza with Bitcoins.
Pembury Tavern - a tavern in London, UK.
Old Fitzroy - a pub in Sydney, Australia.
The Pink Cow - a restaurant in Tokyo, Japan.
Burger Bear - a food stall in London, UK.

Cab

There are various taxi dispatch services as well as airport shuttle services in various parts of the world that accept Bitcoin payment.

Gift cards

A large portion of Bitcoin-related transactions are gift card purchases. It is by far the easiest way to buy products from massive companies around the world and small local businesses with cryptocurrency, online and offline.

One of the most famous and secure online platforms to make this type of purchase is Bitrefill.com

By way of conclusion, it can be added that cryptocurrencies are positioning themselves in the sights of the new and more advanced generation, showing a really positive face for years to come, establishing a new world economic order with trends towards security, transparency and anonymity.

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