The Crypto Market Offers Infinite Opportunities for Budding Entrepreneurs

Cryptocurrency or digital currency has completely revolutionized the way of transacting the value, raising capital and invest our savings with the decentralized peer-to-peer payment system. When talking about the Blockchain technology, it is a revolutionary invention that have presented a breakthrough in the financial industry. In the year 2018, businesses or entrepreneurs are adopting the blockchain technology. Continuing the discussion, here is a blog post that explains the five ways in which cryptocurrency will help business persons in 2018. Read on!

1. Raising Capital

Digital currency has totally changed the way through which companies used to raise the capital. Through ICOs (Initial Coin Offerings), startups can easily raise funds and affordably from the investors all across the world. The company’s valuation is reflected in the market. The shares of the company are allotted as tokens that can be traded soon and brings huge liquidity to company.

This innovative idea of raising fund or capital has completely changed the world and helps techies to create their own companies at a faster rate. In the year 2014, a Canadian teenager, Vitalik Buterin collected money for the startup, Ethereum via ICO. As he desired to improve the blockchain of Bitcoin, so he created a decentralized platform of Ethereum for those who wants to create applications. With a strong vision and whitepaper, he successfully raised around $18 Million for the new blockchain that possess a value of more than $100 Billion in January 2018.

2. Investment for a Better Future

Digital currency might be the lifetime investment opportunity for industrialists or entrepreneurs. In the past, retail investors didn’t had an investment access to the rapidly growing startups. If talking about traditionally, investors and venture capital funds had certain monopolies on investing in the best companies across the world. On the contrary, cryptocurrency offers a fantastic gateway to the investors across the world that allows retail investors to access the highly growing companies. In the year 2011, Erik Finnman invested in Bitcoin cryptocurrency and became a Millionaire at the age of 18 years. This kind of investment story is not at all possible with traditional/fiat venture capital fundraising.

3. Transacting Value

Cryptocurrencies or digital currencies helps in making transactions or transferring the value in between the peers without any involvement of centralized authority. It is definitely a faster, efficient, and cheaper alternative when compared to the centralized payment networks. Accepting virtual currency payments is highly efficient as it helps in doing faster settlement and save the fees too. A point of time will come when startups don’t need to go opt for the lengthy banking process in order to distribute and receive funds. At present, there are plenty of retailers accepting Bitcoin, including Overstock.com that receives more than 800 orders that are worth $126,000 Bitcoin in the initial 22 hrs. Now, the retailer has an amazing $403,000 worth cryptocurrency in its kitty.

4. Developing the Blockchain

Blockchain technology provides influential infrastructure to the companies so that they can create innovative business models with no intervention of financial authority and government. Following this revolutionary technology, the Ethereum platform helps companies to create decentralized apps free and instantly. One such company is OmiseGO. It is basically a payment company that works on the blockchain technology and provides banking services to the unbanked population of the world. All-in-all, the technology is an affordable way of making decentralized apps that scales the global population.

5. Be a Member of Blockchain Community

Blockchain community is the one that offers beginners or experienced miners an access to the best entrepreneurs of the world that are advising, building, and investing in the blockchain. The social media platforms like WeChat, Telegram, Slack, Facebook, and WhatsApp are some popular mediums of building blockchain investors communities. Investors can talk to each other via these media platforms on a regular basis. The major decisions like large investments can also be shared within a few minutes through this process; however traditionally it takes around months or so on. For instance, in the year 2017, the Basic Attention Toke sale of Brave was sold out for $35 Million just in 30 seconds. Blockchain community helps all the members to achieve a goal of blockchain technology advancement to be adopted globally.

Last Words

Overall, the cryptocurrency offers a great platform for business persons to raise fund or capital cheaply and quickly. They can make the transactions via blockchain at faster pace with affordable costs and even invest in the instantly growing tech startups. In addition, Ethereum platform helps entrepreneurs in building decentralized apps free of cost. In a nutshell, the community of blockchain provides access to top most engineers, investors and entrepreneurs across the world and in the year 2018 too, digital currency will continue to provide a great platform for entrepreneurs and create their unique value or identity in the world.