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It has been a good ride with cryptocurrencies for the past months with Bitcoin beating and taking over expectations with some huge leap in terms of price. That looks quiet insane, but does it mean you are late for the Bitcoin party? Certainly not, the price of Bitcoin now is no surprise at all. In fact I am even expecting it to be more than $25,000 before the year ends. It will be worth to note that Bitcoin started this year with a little below $1,000. What you may be wondering is why it has grown in value. That is 10 times the price it began with this year. That makes you think it is possible for Bitcoin to be $100,000 by December, 2018. Well it is possible now that it is being considered as a store of value. Let me take the time to enlighten you on why Bitcoin has grown in such magnitude. Cryptocurrencies are created with a limited supply. Unlike our cash that is printed without boundaries each and every time. Our cash is even printed to deal with weak notes in the system. T

The topic of Cryptocurrencies has become a confusion for many and makes people wonder what at all it is, due to the rush in people trying to talk more about the money aspect of it. All many have heard about is Bitcoin. My goal is to make it as simple and easy for you to understand. After which you can get all the confidence to explore its possibilities. Bitcoin is just one of the many cryptocurrencies in the system. There are many options for you. So let us get on with it. What is a Cryptocurrency? Cryptocurrency is a secured digital representation of the money we use daily. Talk about the coins and notes we are used to depositing and withdrawing from banks. Simply its money. The money we use every day for our banking is printed by the central bank. The amount of money in circulation in the economy or country is also determined and regulated by the Central Bank. On the other side, that is the reason why you see very new notes in the system. New notes replacing old notes and fu

You may still be doubting and fighting yourself on whether to start getting some cryptocurrencies or not. Will give you 6 reasons not to invest in cryptocurrencies. 1. To begin with the chart and Prices. The price of Bitcoin has increased over 600% since January 2017. Ethereum has also risen over 700% since January and you know unless you are an outstanding guru in something, these figures will be a problem of most businesses. But it is possible with cryptocurrencies. The choice lies in you to be part of this revolution or you can keep watching as the prices soar to even greater heights?? Most cryptocurrencies have seen significant growth. 2. Very portable.   If you have ever tried travelling with large amount of money on you? Cryptocurrencies are the best and reduces the risk since you can carry $1million simply on your phone to anywhere in the world. No cash carrying problems, no stress. Why get worried keeping money at a bank when you can have access to your money a

Over the years, we have seen rather a subtle talk over cryptocurrencies but it has been one of the major headlines in the business world and has really profited investors both young and old who took advantage of it earlier. It may look foreign, scary but in essence it is very vital for it to be considered as one of a must look portfolio to be held by any investor and at the end of this article, you will understand the reason you need to have it going forward. With technological innovations springing up in our world today, the financial and payments sector is definitely has its own coming in a rather disruptive way, Cryptocurrencies. Cryptocurrencies simply, is a digital representation of money with added complex security called cryptography such that all transactions are securely placed on online ledgers accessible for all to see called the blockchain. Cryptocurrencies addresses the need to make money easily accessible by anyone anywhere in the world with little or no fe

I am going to make this so simple for you to get the basic concept of cryptocurrencies. Don’t expect a long write up here. This is to give you a reflection of this whole crypto thing. Are you ready? Let’s get into it. Cryptocurrency is a secured digital representation of the money you use daily. Talk about the coin and notes you are used to depositing and withdrawing from your bank. Simply its money. The money we use every day for our banking is printed by the central bank. The amount of the money in circulation in the economy is also regulated by the Central Bank. On the other side, that is the reason why you see very new notes in the system. New notes replacing old notes and further enhancing cash flow in the economy. Believe me, it is expensive printing bank notes for use by people. A big problem, which is why money is moving digital. Unlike bank notes, cryptocurrencies are not controlled by a central government, they are not printed and does not get old. It doesn’t have

Blockchain is increasingly evolving and shaping the way things are being done in various facets of life. Talk about finance, education, legal, transportation, telecommunications, trade etc. Unfortunately it is another disruptive technology that is going to affect the way businesses are done. In fact it has already begun. I will take a look at how it will affect banking especially in the retail side for now. The main principle of blockchain technology is to securely record successful transactions on a general ledger seamlessly using cryptography. Another key area of blockchain is to make the transfer of value possible from one person to another in a secured network without the need for a third party verification or bank. What does this mean? It implies that, banks or clearing houses are going to be cut off in the transaction when it comes to movement of funds. Another area is the reduction of huge transaction fees that results in the movement of funds across