The Ultimate Guide to Understanding Cryptocurrency

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The Ultimate Guide to Understanding Cryptocurrency

We know that in ancient days, commodities essential to daily living were considered money (e.g. cows and chickens) and traded among micro-economies. Then the modernization of society and urban cities brought the need to track money and value across large territories of land, which resulted in the birth of paper and coin money issued from the ruling governments.

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The Ultimate Guide to Understanding Cryptocurrency

Present times have gifted us with another advancement, which is a new form of money that is native to the internet – cryptocurrency. Below we explore what this new type of money is, how it works, and how you can get involved.

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The Ultimate Guide to Understanding Cryptocurrency

A cryptocurrency (also called a crypto-coin, crypto-asset, crypto money, or token) is an internet-based medium of exchange that uses cryptography to secure the digital exchange of financial transactions, control the creation of new units, and verify the transfer of it.

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The Ultimate Guide to Understanding Cryptocurrency

Similar to a blockchain being a type of distributed ledger, tokens are a type of cryptocurrency. Much legal scrutiny has been exerted for lawmakers to define if a cryptocurrency is a token or a security. This is important because financial securities require extensive regulatory compliance, whereas a token would be considered a non-security asset and not be subject to the same compliance requirements.

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The Ultimate Guide to Understanding Cryptocurrency

With iPayTotal you not only get a merchant account but a full-fledged payment gateway which can be either integrated to your website or to any cashier system or software that you are using. We are integrated with Bridgerpay, Naspay, Airsoft and many more cashier systems for forex merchants. Our featured gateways provide powerful built-in fraud prevention filters and monitoring tools based on client behavior, ensuring any suspicious activity is blocked fast.

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The Ultimate Guide to Understanding Cryptocurrency

The launch of the Wirex Visa Travelcard is part of a general expansion of Wirex services for customers in the region, which includes 19 secure, cold-storage traditional and cryptocurrency accounts, including USD, SGD, AUD, JPY, EUR, GBP, BTC and ETH among many others and access to industry-best OTC and interbank rates for crypto and traditional currency exchange. To allow as many people as possible to experience the Wirex Visa Travelcard and gain exposure to its innovative services, Wirex is removing fees, including account management and traditional currency exchange fees, for a limited period. Crypto debit card asia

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