Bitcoin is taking over the world in no time and all we can do is wait and watch. As the market expands and grows larger every day, entrepreneurs are looking at more advanced ways to make profit aside from simply buying and selling their Bitcoin. Cryptocurrency trading has also become more common and is a great idea for a startup.
Gambling
Gambling is possible everywhere if you try. You can simple create crypto-casino that are already ahead of all the competition bound by the law. This includes sports betting, poker, and online gaming item gambling. The good part is that the cryptocurrencies are not constrained by legal restrictions much like the normal money in the oh-so-normal world.
Cryptocurrency ATMs
Yes, cryptocurrency ATMs are also a thing now. Surprising, isn’t it? How far we have progressed into the world of crypto. Well, it’s fair as traders with huge capital, would like to operate their cryptocurrency with ease, they have an option to create a network of ATMs and BTMs. These boxes of ATMs or BTMs are quite small, so say hello to almost no rent. The main expense are the machines themselves, and the fact that you have to give them banknotes. However, you get to choose the commission’s s high or low
Becoming an Oracle
Establish yourself as a cryptocurrency oracle. This is done easily by posting basic information in the Bitcoin Blockchain stream or actually, you can use any other token. All you need is a Counterparty protocol. However, it’s based on the strength of your reputation. A counterparty is actually a person whose information feed is used. Oracles information is used financial forecasting, smart contracts, and peer-to-peer betting.
Selling Goods For Cryptocurrency
If you use the digital payment and a lot of your customers will be willing to pay you with their bitcoin. As the market grows every day, your retail business will be benefitted. This is help you earn more sells overtime. What’s better than that for a retail business owner? Setting up shops with POS cash registers or vending machines that accept cryptocurrencies will help the people who don’t like converting their earnings. Set these up in locations where Bitcoins are the most popular. You’re all set to go!
Ripple Gateway is All You Need
Ripple is also a cryptocurrency which creates a highly accessible payment site. It does not operate with Blockchain but has used a distributed ledger. This helps you to set up Gateways which allows you to transfer your funds. You can use Ripple or create your own tokens within the system.
You have to support your tokens value by bridging it with a real estate. This includes the value of your reputation and you should communicate properly. Like they say, communication is the key to everything. Incomes sources for you are the deposit or withdrawal or fee of the transactions. Ripple gateways is an amazing way to expend your finance business into the world of cryptocurrency. And everything is better in crypto.
A quick conclusion: There are many other ways to grow your crypto business, not only by trading and investing your bitcoins. So get in there and work it. may crypto be in your favor!
