Digital currency exchanges (DCEs) or bitcoin exchanges are businesses that allow customers to trade digital currencies for other assets, such as conventional fiat money, or different digital currencies. They can be market makers that typically take the bid/ask spreads as transaction commissions for their services or simply charge fees as a matching platform.
DCEs may be brick-and-mortar businesses, exchanging traditional payment methods and digital currencies, or strictly online businesses, exchanging electronically transferred money and digital currencies. Most digital currency exchanges operate outside of Western countries, avoiding regulatory oversight and complicating prosecutions, but DCEs often handle Western fiat currencies, sometimes maintaining bank accounts in several countries to facilitate deposits in various national currencies. They may accept credit card payments, wire transfers, postal money orders, cryptocurrency or other forms of payment in exchange for digital currencies. They can send cryptocurrency to your personal cryptocurrency wallet. Many can convert digital currency balances into anonymous prepaid cards which can be used to withdraw funds from ATMs worldwide.
Some digital currencies are backed by real-world commodities such as gold.
Creators of digital currencies are often independent of the DCEs that trade the currency. In one type of system, digital currency providers, or DCPs, are businesses that keep and administer accounts for their customers, but generally do not issue digital currency to those customers directly. Customers buy or sell digital currency from DCEs, who transfer the digital currency into or out of the customer’s DCP account. Some DCEs are subsidiaries of DCP, but many are legally independent businesses. The denomination of funds kept in DCP accounts may be of a real or fictitious currency.
Archive | December, 2017
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Coinbase is a digital asset broker headquartered in San Francisco, California. They broker exchanges of Bitcoin (₿), Ethereum (Ξ), Litecoin (Ł) and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
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Business as usual (BAU) – the normal execution of standard functional operations within an organization – forms a possible contrast to projects or programmes which might introduce change. BAU may also stand in contradistinction to external events which may have the effect of unsettling or distracting those inside an organisation.
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Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency – the system works without a central repository or single administrator. The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by Cambridge University estimates that in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
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Business correspondence means the exchange of information in a written format for the process of business activities. Business correspondence can take place between organizations, within organizations or between the customers and the organization. The correspondence is generally of widely accepted formats that are followed universally.
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Bitcoin Cash (BCH) is a hard fork of the cryptocurrency bitcoin. The fork occurred on August 1, 2017.
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Risky Business is a 1983 American romantic comedy film written and directed by Paul Brickman, making his directorial debut. It stars Tom Cruise and Rebecca De Mornay. The film launched Cruise to stardom. It covers themes including materialism, loss of innocence, coming of age and capitalism.
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Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities. The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin.
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No Money may refer to:
No Money (manga)
No Money (song), 2016 house song by Galantis
“No Money”, song by Kings of Leon from Come Around Sundown 2010
No Money, EP by The Dugites 1970
How to Know EXACTLY What to Charge for Your Products
Wouldn’t it be great if there was some way to know exactly what to charge for your products, so you could make the most money?
After all, if you price low you’ll make more sales. Price high and you’ll make fewer sales, but each sale will be worth more.
You could look at your competition for clues. That’s how most marketers do it.
You could ask your customers.
You could ask your peers.
You could draw random numbers out of a hat…
…do you see where I’m going with this?
NONE of those answers is the right one.
The only way to know for a FACT which price point will make you the most money is to TEST.
Yet very few marketers do this.
And when you test a price, remember to take into consideration the number of refunds, too.
If it’s a membership site, keep track of how long members stay at each price point.
Here’s a quick example of why this matters so much:
You test two different price points on your membership site:
$47 a month and $17 a month.
At $47 per month, you get 2% of prospects to sign up, and on average they stay for 2 months.
At $17 per month, you get 4% of prospects to sign up, and on average they stay for 6 months.
Out of hundred prospects, the first month you’ll make $94 at $47 apiece, or $68 at $17 apiece. So it looks like $47 is the winner.
But when you take into account how long each member stays, it’s an entirely different story – $188 versus $408.
Always always always test your prices. You might be shocked to discover you’ve been leaving a heck of a lot of money on the table.
