DITCHING THE DOLLAR FOR CHINESE YUAN OR BITCOIN?

Will the entire world ditch the US Dollar for the Yuan? Probably not and here’s a couple of reasons why Bitcoin would be the more appropriate choice. Also, looking back at Hal Finney

0:00 – Market Recap | Topics Overview
2:40 – REPLACING THE DOLLAR WITH THE YUAN V. BITCOIN
19:13 – HAL FINNEY – THE FIRST BITCOINER
27:01 – VOYAGER DEBIT CARD/STAKING STORMX/TOM BRADY, SPACEX & WMT
30:02 – Q & A

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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! This channel is for entertainment purposes only and is just my opinion as I am not an expert or a financial planner. Please perform your own research.

Many companies are turning to crypto as a way to attract new customers and retain existing ones. The technology is free of intermediaries and is censorship-resistant. While some cryptocurrencies are simply a way to transact in a faster and more convenient manner, others are designed with broader use cases in mind. For example, many users of cryptocurrency choose it over traditional bank transfers for convenience, privacy, and security. But even without these benefits, cryptocurrency can have serious implications for a business.

While Bitcoin has been the focus of most of the recent attention, it has also come under scrutiny. While Bitcoin is the most popular digital currency, many other cryptocurrencies have emerged, including Ethereum and Litecoin. A few of these cryptocurrencies are categorized according to their uses and prices. For example, a stablecoin is a type of cryptocurrency that maintains a $1 price, while a meme token may skyrocket in 2021.

Ethereum is another cryptocurrency with similar functions to Bitcoin, but its uses go beyond the financial realm. In addition to using a blockchain to support transactions, Ethereum also has a programming language that allows for smart contracts. This means that Ethereum applications can use this programming language to make payments, transfer Ether, and mine Ether. Compared to Bitcoin, however, Ether has a more complex system than Bitcoin, and its value is increasing every day. Regardless of whether you are looking to invest in a crypto or not, it is always wise to research the pros and cons of your new investment.

Cardano has launched smart contract functionality in September, and currently has more than 1,200 dApps running on its network. Eventually, it will launch the Hydra protocol, which is designed to improve throughput, speed, and the amount of work the network can process at a time. Its price has surged by over 8% today, but its ranking has been falling for months. It has been overshadowed by rivals such as ethereum and ripple. The Biden administration has signed an executive order focusing on crypto technology, requiring various government departments to look into the risks associated with it. While the executive order is not yet fully implemented, cryptocurrency prices quickly gave back their gains.

While cryptocurrency has many advantages, it is not for everyone. For example, cryptocurrency is not right for everyone. You need to decide what you want to achieve before investing in it. Depending on your goal, you may want to use it for transactions. Or, you may wish to use the technology behind a decentralized app. Currently, Ethereum is the most popular among cryptocurrencies, but competitors include Cardano and Solana. You should carefully research the differences between these cryptocurrencies and the various currencies.

As the cryptocurrency market continues to evolve, there are several ways that companies can avoid becoming a victim of a cryptocurrency scandal. The first option is to use a third-party vendor. This vendor is an independent third-party who acts as a company’s agent. They will then convert XRP into fiat currency and handle all the details. In this way, the business will avoid any financial complications, and will remain compliant with the law.