Sunday, September 15, 2019

Can a Cashback System Boost Brazilian Interest in Cryptocurrencies?

It is difficult to convince people about the benefits of Bitcoin. That situation isn’t aided by the fact how most individuals perceive Bitcoin as either a speculative tool or a tool for criminal activity. Coins Go Live, a service primarily targeting Brazilian users, may have come up with a solution in the form of cryptocurrency cashbacks

What is Coins Go Live?

Ever since Coinmarketcap started to irritate a lot of cryptocurrency enthusiasts, platforms offering similar services have popped up around the world. Most people know about WorldofCoins, LiveCoinWatch, and so forth. In Brazil, the domestic service Coins Go Live has become increasingly popular over the past few months. That is a good thing, as everyone relying on CMC creates a whole slew of new issues to contend with. 

Monetizing a platform which provides so much data and information is not easy. Whereas most site owners would opt for using banners or other marketing tools, the Coins Go Live team has come up with a different approach. It is a very elegant solution, which may very well have some positive repercussions for Brazilian cryptocurrency enthusiasts as well. It is still a bit too early to determine if this approach will get more users interested in cryptocurrency, though.

The Cryptocurrency Cashback

It is not entirely abnormal to see users being offered a cryptocurrency cashback. Although multiple projects offer this type of functionality, it can be rather challenging for users to effectively get the coins in their possession. Even so, it is a tried and tested business model which not only helps out the likes of Coins Go Live, but also anyone who seeks to obtain cryptocurrency through less mainstream means. 

To qualify, users might order items or services through the growing list of merchants which offer an affiliate program to Coins Go Live. This list includes Amazon, AliExpress, Udemy, Gearbest, and several others. It is believed that users can earn cashback of up to 10%, which is rather lucrative to keep an eye on. It is a good way to boost the use of cryptocurrencies in Brazil, as that country is going through financial woes of its own. 

Supported Currencies

Considering how none of the affiliate-based service providers accepts cryptocurrency payments, it may be a bit challenging for users to get their cashback accordingly. For now, one has to wait and see how the Coins Go Live team handles that particular aspect. Even so, it is good to see service providers look for new ways to reward their users for their time. One has to applaud the group for trying a different approach, albeit its chance of success is never guaranteed.

Users who decide to participate in this new offering will earn their cashback in either Bitcoin or Nano. It is not surprising to see the team opt for Nano, as this altcoin is seemingly popular in South America these days. Bitcoin is the world’s leading cryptocurrency, thus it cannot be excluded from the list whatsoever. It is a bit unclear if support for other currencies will be added in the future. For now, the team will monitor the demand and appeal of this cashback feature first and foremost. 

Image(s): Shutterstock.com

The post Can a Cashback System Boost Brazilian Interest in Cryptocurrencies? appeared first on NullTX.



Can a Cashback System Boost Brazilian Interest in Cryptocurrencies?

Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.


Blockchain 101 · Crytpo Currency Market
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Trezor: Hardware Wallet
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange

Opinion: We Want Bitcoin Results, Not Predictions

Is it safe to say that people are tired of talking about bitcoin? While not necessarily bored by it, they are tired of hearing the same things over and over, one of which is that the currency is about to enter a huge rally of sorts.

 No More Bitcoin Predictions; We Want to See Change

Tom Lee, as reported by Live Bitcoin News earlier today, is back in the limelight again, commenting that the currency is about to hit a new all-time high once the S&P jumps up. Lee, despite claiming that he would never try to predict the bitcoin price again, has come out a few times this year to discuss where it could wind up, even stating the bitcoin could potentially strike the $40,000 mark in 2020.

This is a big prediction, but he’s not alone in the playing field. Others, such as venture capitalist Tim Draper, have commented that one unit of bitcoin could hit the six-figure range by 2022, spiking to as much as $250,000 each. He later revamped this statement to say that the currency would hit this mark six months later, so a bit of a delay is at hand, but not much.

This is all fine and dandy and likely to get some people breaking out the champagne, but for the rest of us, we’re getting a little tired of just hearing these predictions regarding where it will go later. We want to see change now and given how often everyone talks about the potentially bull rallies that the coin will soon allegedly enter, we can’t help but feel a little disappointed with the present results.

Everything takes time; we’re not children, and we understand this. In addition, bitcoin has shown major improvements this year considering how “in the trash” it was by the time 2018 said goodbye. At that stage, the currency was trading in the mid-$3,000 range and had lost more than 70 percent of its overall value.

Many of us thought recovery was completely out of the question, but five months later, it did begin to show signs of life once again, spiking to $5,000 per unit by the time April 2019 rolled along.

 Things Need to Improve

Since then, it’s more than doubled in price, but for the most part, it’s underperformed as of late, especially given the situation involving the trade war. While BTC did spike at certain points during the early moments of the trade conflict, these spikes didn’t last long, and many times the currency has dropped to new lows in the $9,000 range.

Everyone seems to have an opinion regarding where it will go and what will happen, and some are claiming good things will happen very soon, but at this stage, we’re tired of just hearing about it. We just want to see it happen already.

The post Opinion: We Want Bitcoin Results, Not Predictions appeared first on Live Bitcoin News.



Opinion: We Want Bitcoin Results, Not Predictions

Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.


Blockchain 101 · Crytpo Currency Market
---------------------------------------------------
Trezor: Hardware Wallet
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange