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How To Pay with Crypto Using a Cryptocurrency Exchange?

5Oct

By Africa BusinessNo Comments

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How To Pay with Crypto Using a Cryptocurrency Exchange?

By Kirik.pro Cryptocurrencies are digital money with the same application scope as conventional currencies, with the addition of a few interesting use cases such as in-game tokens, metaverse crypto, DeFi crypto, NFT marketplaces, etc. Trading and investing are the most common ways to use digital coins. Besides, the application of cryptocurrencies in the real world is also increasing. Here is what you can buy with crypto in the real world: luxury items such as yachts; real estate - apartments, houses, etc.; book accommodation in hotels; pay for travel tours; fill the car and pay with crypto; even order pizza or coffee. The number of businesses accepting settlements in crypto is expanding. Let’s see how it actually works when you need to pay for service with crypto....

Cryptocurrency and herding behaviour

By: Udette Kirsch - behavioural economist & strategic marketing specialist Cryptocurrencies refuse to play by the rules. People rely on experts for all sorts of advice, but when it comes to cryptocurrencies, they seek advice from peers and the internet. So, what causes this behaviour, and what are the implications? Hint: it’s rooted in behavioural psychology. Recent studies suggest that crypto-currency investors rely less on expert advice and increasingly follow peer investor communities for guidance. The daily value of South African crypto trading recently exceeded $141 million for the first time, indicating that many South Africans consider the risks of this complex, unregulated market to be acceptable for the returns which it may deliver. Digital advocates have hailed cryptocurr...

Top 5 Reasons Why Nigerian Pioneer Bitcoin Remittances

A survey by Statista found that around 32 percent of people in Nigeria use cryptocurrencies and this is the highest proportion of a population in the world. In terms of trade volume, the country stands in 3rd position after the United States of American and Russia with a transaction value of more than 400 million dollars. This virtual currency is booming in Nigeria although there is a banking ban on it, traders discovered ways against government ban like the other parts of the world. As per the blockchain research firm Chainalysis, the amount of crypto received by the Nigerian crypto community has been constantly growing. The use of crypto in international trade also surged in Nigeria, people tried to use the currency to proxy the US dollar. Since the beginning of 2021, Nigerians traded 50...