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Years after Bitcoin was born, people began to pay serious attention to cryptocurrencies and blockchain by the end of 2017. In 2018, entrepreneurs began to explore the way they make money apart from trading digital currencies alone.
Below are the five ways you can make money by investing in virtual currency or its technology, the blockchain.
1. Facilitation of the international financial remittance through Blockchain
Sending money from one country to another has undergone significant transaction costs over the years, as well as requiring days before funds can be withdrawn from the other side.
However, with blockchain, payments can be made from one corner of the world and arrive from the other side in a few minutes or even seconds.
For example, an entrepreneur can choose to use a blockchain-based mobile or desktop application that uses the XLM token to facilitate cross-border payments. Save time and costs.
2. Exchange of virtual currencies
These exchanges facilitate the trading of digital currencies. They are also used to convert digital currencies to fiat.
To meet the increasing needs of cryptocurrency, the number of cryptocurrency exchanges must also increase. There are even ways to clone the script of an exchange by letting the entrepreneur deal only with the security aspect.
3. Provide cryptocurrency portfolio services
2018 saw an increase in hacks targeting cryptocurrency trade. Cryptocurrency traders are themselves less dependent on the cryptographic portfolios provided by the stock exchange and choose to use non-swapped portfolios to increase security.
Developing the cryptocurrency service and improving its capabilities, e.g., allowing the sending and receiving of cryptography will facilitate its use and adoption. You can choose to earn from transactions or subscriptions.
4. Facilitate encryption and loans
Globally, lending has seen tremendous growth over the years. It is the same with cryptocurrencies. Borrowing cryptocurrencies from individuals and cryptographic companies and setting a guaranteed return on the same can be profitable.
Cryptographic credit can also be profitable. You can choose to issue fiat mortgages with crypts as collateral, or you can decide to lend cryptocurrencies to a given interest.
5. Collection of money via Blockchain
Crowdfunding activities such as initial coin offerings are often limited to specific regions. But with the nature of the decentralization of the blockchain, the barriers of the region are being eliminated, giving investors all over the world the opportunity to contribute funds to a project they believe in.
By executing a blockchain platform to support crowdfunding activities, you can make money by charging withdrawal fees.
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