Nothing great was ever achieved, without enthusiasm.

Nothing great was ever achieved,

Without enthusiasm. 

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The Difference Between Money Trade Coin and Bitcoin

There are over a 1000 different cryptocurrencies available in the digital currency market. Are they all the same or is there something that differentiates them? Is one inherently better than the other?

There are various differentiating factors that distinguish one from the other. For example, Ethereum makes use of smart contracts, which is partially the reason behind its rise. Some make use of different hashing algorithms, which mean different mining techniques have to be employed.

                                                                                                         

Today, we’ll be looking at what separates Money Trade Coin and Bitcoin from each other.

Money Trade Coin is an intellectual property that is jointly owned by Bitcoin Global FZE, UAE and Money Trade Coin Ltd., UK.

How are they Different?

Bitcoin has been around since the inception of cryptocurrency. It is the first one, and consequently, the most mature. It holds the largest share of the cryptocurrency market and is the highest value. That’s why it requires a lot of capital for an investment today.

Money Trade Coin, on the other hand, is still in the early stages of growth. It has 84 million partially pre-mined coins, making investment and entry into it a comparatively easy matter.

Also, unlike Bitcoins, Money Trade Coin has protocols that prevent it from being used in illegal transactions. Bitcoins have a long history of controversy regarding use in illegal transactions. MTC follows Know Your Customer and AML guidelines which protect against misuse.

Mining for Bitcoin these days is also a troublesome affair. So much of it has been mined already that the only viable option is to join a group of miners and hope that you’ll crack the next coin, of which you’ll only get your share, usually a minor portion. This is not true for Money Trade Coin.

Money Trade Coin has something else going for it: it is the first cryptocurrency to incorporate the SWIFT code system, making a recognizable form of transaction across the globe. Furthermore, the wallet it uses is also highly secured, the most secure of its kind.

What does all of this mean? It shows that Money Trade Coin is an increasingly lucrative cryptocurrency option. As it is in the nascent stages, it makes an ideal choice for you to throw some backing behind it. It also plans to expand to other areas, including academies and e-commerce.

A prepaid card, powered by Visa, is in the works. It will also be possible to obtain gift cards, book airline tickets, shop in online malls and plan travel with Money Trade Coin.

The intention is to make Money Trade Coin an all-purpose cryptocurrency that will serve users in financial services like wealth management and loans, as well as exchange and e-commerce transactions. The true strength of Money Trade Coin  lies in an ability to cover an individual for all of their digital financial needs.

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Winners are not people who never fail, But people who never stop believing in them

Winners are not people who never fail,
But people who never stop believing in them.
Trust your journey!

#MoneyTradeCoin #Newage #Cryptocurrency #MTCOIN

Life begins at the end of your comfort zone

Life begins at the end of your comfort zone. 
Step out of your comfort zone!
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What is Initial Coin Offering?

What is Initial Coin Offering?

How does a cryptocurrency gain an initial value? Does it stick to blockchain’s underlying ethical principle - the democratic one that the authority lies with the public? Or is there someone or some group who decides its initial value?

Well, it works very much like an Initial Public Offering (IPO), where a private company releases stock to the public at a certain price, after much deliberation.

When a company goes public and offers its stock to the masses, it makes an IPO. It does this to raise capital and is typically carried out in the early stages of a company’s life. In exchange for stock in the company (and therefore a chance to profit), you make an investment corresponding to its initial valuation.

It is not different with an Initial Coin Offering, barring a few minor differences. It also shares a lot of similarities with crowdfunding.

What’s the Process Like?

When a new cryptocurrency venture decides to launch its new currency, it plans how much capital will be required and how many tokens necessary for it to be a successful venture.

When all has been decided, they open the project to the public, who make donations via fiat or digital currency. The amount received through this crowdfunding is entirely dependent on whether the funders see value in the cryptocurrency. As an example, Ethereum did well with its ICO partly because of the integration of smart contracts. Ethereum has over 50% of the market share in ICOs.

The Good and the Bad

ICOs have brought great disruption to the economy. While it has for the most part been genuine, there have been instances of fraud, so it does well to do research on the digital currency before participating. The lack of regulation has been one of the reasons why China has banned it.

There are plenty of good reasons to consider it though, both as an investor and as the entity making the offering. ICOs are commonly used by start-ups to raise capital for their business, which is common difficulty faced by them.

As a result of the lack of regulation, different countries have different policies that attempt to limit fraudulent activity. For instance, the United States requires celebrities to disclose the compensation paid for ICOs, while China has banned it entirely until the proper policy has been established.

The success of Ethereum’s ICOs have spurred other currencies to do the same. Today, Rootstock and Hivemind are much anticipated ICOs. EtherEx, which will be a part of the Ethereum ecosystem, is also expected to make an ICO. While no announcements have been made regarding any of these, it is expected as their nature is that of a token system. They’ve also got to make their initial distributions somehow.

Money Trade Coin will bring you the latest news in ICOs, the hottest cryptocurrencies and tips and tricks on how to succeed in investing in cryptocurrency. Visit daily to learn about it all.

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Inhale Courage, Exhale Fear!

Inhale Courage, Exhale Fear!
Let yourself overcome your fear.

#MoneyTradeCoin #Newage #Cryptocurrency #MTCOIN

How is Mobile Payment Evolving with Introduction of Digital Currency?

There’s no doubt that, with the advent of mobile technology and the popularity of smartphones as a portable computer, mobile payment systems have trumped and continue to trump other forms of payment as the primary method of payment.

Almost 5 billion individuals are expected to be using a mobile phone by the end of 2017. As a result, merchants and financial institutions would do well to pivot onto mobile payment systems, if they wish to increase revenue and meet the increasing demands of customers. 

The advantages of mobile payment systems lie in their convenience of a transaction. A few taps on your smartphone is far more appreciable than a visit to the bank or the signing of a cheque. Think about yourself: How would you rather make a payment?

Broadly speaking, there are a few different mobile payment options. You’ve got your well-known e-commerce cart system, where you make transactions online and receive the confirmation. You’ve got an application which stores your payment data on your phone - Android apps are an example of this. 

And then you’ve got mobile wallets, among which cryptocurrency wallets are quickly becoming a top option. 

The latter form is growing because you don’t need to remember any of the data yourself. Through strong security measures, your data is protected. It benefits companies to have it this way, as customers can browse and buy their wares without having to worry about how they’re going to pay for it. The fewer steps involved in the buying process, the more likely the buying will take place.

What’s more, brands can launch loyalty programs - which is available on cryptocurrency payment systems - through their mobile apps that have mobile wallets integrated into it. This further attracts and retains customers.

The current focus in this payment is to beef up security. More and more companies are embracing tokenization, where a unique ID is associated with a customer. Through this, no critical financial and personal information is passed onto the seller, preventing fraud and false payments. 

Another key aspect of its evolution, as we mentioned, is its focus on loyalty and customer retention. Major brands like Walmart offer discounts and points to users when they use the mobile payment system. Like how credit cards have offered loyalty rewards, the same is being introduced to mobile wallets. 

How does digital currency fit in? As Bitcoins and other cryptocurrency grow in use, we can expect the same interest and development in its digital wallet. Such features already exist, but cryptocurrency’s inbuilt security features and tokenization system make it ideal as a mobile wallet. Traditional mobile wallets will fight to keep up with this as it tries to fend off the rise of cryptocurrency.

Financial experts state that mobile payments will soon become the dominant form of payment. And who’s to argue with them? We all know how easy and swift the process is. While it may not be the dominant form right now, the changes that are taking place and the constant evolution of its security and feature are soon to make it so.

For more on the cryptocurrency and financial world, visit Money Trade Coin. You’ll get the latest on how to enter the world of digital currency, tips and news on its developments.

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