Karen Shidlo from Fiat24 talks about Digital Currency & the "Metaverse" and offers free Cryptocurrency for LifeHakx listeners on LifeHakx Media and Radio X Switzerland!
Audio Interview HERE
Video Interview HERE
"The following statements do not constitute investment advice or any other advice on financial services, financial instruments, financial products, or digital assets. They are intended to provide general information. "
What is Digital Currency?
Digital Currency is form of currency that exists only in digital or electronic form and that can operate independently of a central bank.
What is a Cryptocurrency?
Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a de-centralized system to record transactions and issue new units.
What types of digital currencies are there?
1. Bitcoin (BTC)
2. Ether (ETH)
3. Binance Coin (BNB)
4. Tether (USDT)
5. Solana (SOL)
6. XRP (XRP)
7. Cardano (ADA)
8. USD Coin (USDC)
9. Terra (LUNA)
10. Avalanche (AVAX)
Why are Crypto Currencies considered more secure but also risky?
Benefits of buying Crypto:
Easy Transactions.
Incredible Security.
Short Settlement Times and Low Fees.
Exponential Industry Growth.
Outsized Returns.
More Private Transactions.
Portfolio Diversification.
Inflation Hedge.
The Risks of Crypto:
Fluctuation of the value
Loss of password can lead to in-ablity to gain access to currency
Cryptocurrency scams are common.
Technology to create a secure, public, and uneditable ledger of transactions.
You can keep your crypto offline
More information about Fiat24: Website HERE
Youtube HERE
500 FREE Fiat Tokens (only till June 30th, 2022) Link HERE
More information about types of cryptocurrencies HERE
