CRYPTO EXPLAINED BLOG POST 2

 How Cryptocurrency Can 
Help Entrepreneurs

Blockchain technology is a once-in-a-lifetime invention. 

Cryptocurrency has revolutionized the way we buy and sell, raise 

capital, and invest our savings. 

Here are some ways it can help you:

Raising Capital: 

Using Initial Coin Offerings (ICOs), startup companies worldwide 

can raise money quickly (and inexpensively) from a huge pool of 

global investors rather than trying to locate locals who might be 

interested. 

And the valuation of your company is reflected in the market 

practically at once, unlike the long, laborious process it once took. You can issue shares as tokens and they become tradable almost

instantly, giving your company the liquidity it needs to start. This

new cryptocurrency approach allows the best technical talents to

build their companies at a great rate of speed.

Transacting Value:

Cryptocurrency lets a company transact value between peers

easily, cheaply, and more efficiently than with traditional payment

networks.

Accepting cryptocurrency is becoming increasingly more efficient.

It saves on fees and allows a company to have faster settlements.

Pretty soon, a startup company won’t have to go through the

long, laborious process of setting up a bank account in order to

receive and distribute funds.

Investing for the Future: According to AMZcoin, cryptocurrency

“may be the investment opportunity of a lifetime.” Never before have retail investors had the kind of access to high-growth, early￾stage companies that they have today.

Traditionally, this access has been monopolized by private

investigators and venture capital funds. Cryptocurrency allows

nearly anyone in the world to invest in the some of the world’s

most exciting technology, giving them the ability to own shares in

high-growth companies.

Developing on the Blockchain:

“Blockchain technology ,” says AMZcoin, “is a cost-efficient way of

building decentralized applications that can scale to a global

population.”

Blockchain technology is already revolutionizing how startup

companies create value. Ethereum’s platform lets companies

build “unstoppable blockchain applications” without cost and with

a great deal of speed. One example of a company using Ethereum is OmiseGo. This is a

company that uses blockchain to provide banking services for the

2 billion people in the world without access to a traditional bank.

Joining the Blockchain Community.

This community offers access to some of the world’s most

successful entrepreneurs, engineers, and investors, who are

actively advising, investing, and building on that blockchain.

Platforms like Facebook, Telegram, WeChat, WhatsApp, and Slack

are popular places for groups of these entrepreneurs to stay in

contact with one another.

Communities of blockchain investors can coordinate large

investments, something that would take months in traditional

venture capital, within only minutes using these groups.

Cryptocurrencies provide entrepreneurs with a platform to raise

capital efficiently, quickly, and cheaply. Investors can transact value at high speed through the blockchain with limited setup

costs. They can also invest in high-growth technology companies

at an early stage.

Cryptocurrency will keep providing a means for entrepreneurs to

create value in the world.

Grow Your Business with
Cryptocurrency

Here are some ways you can grow your business:

Create your own cryptocurrency as a brand booster:

One way to draw attention to your business’ use of

cryptocurrency is to make your own digital branded version.

Your best approach is to build up your community first, including

your customers and social media followers. Share your plans with

them about creating your branded cryptocurrency, including how

this will benefit them.

You don’t even have to be a technology expert to do this, though

you probably will want to hire a cryptocurrency developer to

make sure your digital currency works properly.Buy and trade cryptocurrency:

Just like the traditional stock markets, you can buy and trade

cryptocurrencies to potentially fund your business growth.

There are even new platforms that can make this opportunity

more accessible, especially to the novice investor.

Coinbase is one example of such a platform. And then there are

other investor and asset manager platforms and forums to guide

your investment strategies.

Another opportunity is to become a Bitcoin broker, helping others

buy and trade cryptocurrencies and making extra money by

assisting their transactions.

Use cryptocurrency apps to offer additional payment acceptance

methods: More and more online retailers are adding cryptocurrencies as a

payment option. That even includes Microsoft and Overstock.

You can expand your customer base and reach people who may

not have a bank account or may not want to use a credit card

online.

Remember: the more payment options you can provide, the

better your chances of attracting and retaining new customers.

BitPay is one example of a payment service provider that allows

you to accept cryptocurrency as a payment option.

Encourage its use through social media: If you want to see an

example of using cryptocurrency to accept payments through a

social media platform, look at the messenger app, Kik. They operate in a way that’s similar to what Facebook does with

traditional currency. But Kik can work across countries instead of

trying to deal with all those different currencies.

This is becoming a popular way for millennials to use digital

currency—and other demographics are starting to catch on.

Kik also realizes that there are other ways to encourage your

users to earn cryptocurrency, ways that will keep them engaged

with your platform. You can have them watch ads, host a fantastic

group chat, build a great bot, or even create a fun sticker.

There are a lot of different ways that a consumer could come in

and earn value and then spend it. And how that makes money for

you is that you create a new cryptocurrency, but only a certain

amount of it.

Then set aside some for your own use. So, if you can get more and

more people trading in that cryptocurrency, its value will grow.Add a side business related to Bitcoin:

There are many new applications relating to Bitcoin and other

cryptocurrencies. A lot of them don’t take a lot of your time,

making them good side businesses.

For example, you might think about Bitcoin Teller Machines

(BTM), which work like an ATM, only with Bitcoins.

Examples include Skyhook and BitAccess. Another option is a

Bitcoin vending machine business, which lets people get items

from your machines using Bitcoins instead of cash or credit cards.

Bitcoin mining:

Here’s another way to grow your business, although it may

require a good bit of capital output to start with.

Adding Bitcoin mining to your service roster is a lucrative way to

expand your business. Miners, those participating in this process, are usually rewarded

for the use of their computers by receiving newly minted coins or

transaction fees paid by other members of the network—or both.

Although mining has become more competitive, there are still

considerable opportunities for a business.

Bitcoin franchises:

Cryptocurrency franchises that can expand your business include

NewsBTC, Coingala, and Coin Telegraph.

Fund another business:

Many high-risk industries are not being served by traditional

banking systems. You can become an “angel investor” and help

another business get its start with your cryptocurrency

investment platform. Your business can then reap a sizeable reward. Just be careful

where you invest your currency.

Offer a digital wallet—and the security to protect it:

With Bitcoin transactions on the rise, there’s an increasing need

for a secure wallet to store those coins. By developing or

partnering with a tech company that can offer security for those

digital wallets, you can reap even more profitable rewards.

Improve applications with blockchain:

You can even move beyond a focus on cryptocurrencies and seek

out applications, including those within the financial environment.

Leveraging this technology can deliver profitable outcomes and

help grow your business both directly and indirectly.

Examples: improved payroll or payment processing or more

secure contracts and data storage.

I hope this special report has provided you with the information

you need to venture into the exciting world of cryptocurrency.

To your success!