Cryptocurrency has been a lot I find lately. The newspapers have published several articles about people who have won, or lost, big summers thanks to an investment in cryptocurrency. If you are one of those who have become curious, we will tell you more about what cryptocurrency is and, not least, what you can use it for.
Digital, encrypted currency
Cryptocurrency is not money you can have in your regular wallet. This is digital currency, which is encrypted. This means that they are only available on the internet. There are several variants of cryptocurrency, but Bitcoin is still the most common. The encryption of the currency makes it more secure than digital currency, which is not encrypted.
Cryptocurrency was created in many ways to give us the ability to make faster, easier and cheaper payments. Since it is not a central authority behind currency, it is popular with anyone who believes that the authorities’ control over your spending is an outing.
Blockchain technology is the technology behind currency, and it is the one that ensures that there is no need for an intermediary, or bank if you will.
The use of cryptocurrency
In some countries, the use of cryptocurrency has found its place in everyday life. In Pakistan, India and Tunisia, there is reportedly an active use of cryptocurrency among all those who do not have a bank account or card. You can, for example, use cryptocurrency when renting a moped. There are many experts who have argued that cryptocurrency can help reduce poverty in the world’s poorest countries as well as help reduce corruption in the countries where this is common.
Switzerland is an example of a western country, where the use of cryptocurrency has come a long way. There you can even pay municipal bills up to a certain amount in cryptocurrency.
The use of cryptocurrency in Norway
In Norway, the use of cryptocurrency has not come very far. Among other things, Norway considers this currency to be an invalid payment service, and this has had the consequence that the use of cryptocurrency is VAT charged.
Hers to land, therefore, its use has been limited to investments and casinos. Namely, more and more people have thrown themselves into the opportunity to invest in Bitcoin, among other things. Here it is while important to find serious investment platforms, and read up, so you know what you are doing. As for the latter, Bitcoin and other cryptocurrencies have become a popular payment option online casino. This has several causes.
Open an e-wallet for cryptocurrency
One is that the Norwegian authorities are constantly placing restrictions on which means of payment are used. Thus, cryptocurrency opens up for you to pay for what you want online without leaving a trace. There are also many who do not like to leave sensitive information, such as credit card information online, and then there is again cryptocurrency and a good alternative.
All you need to do is open an e-wallet suitable for cryptocurrency. Once you have done that, you will receive a private key and a public key. The first you use when you log in to your e-wallet and the second you use when you send or receive Bitcoin. It is important that you do not lose or forget your passwords. You do not get new ones.
Source: The Nordic Page