The world of cryptocurrency is changing, the acceleration of cyber security and innovation has led many companies to trade with confidence and there is an increased interest from institutions and large companies.
What is cryptocurrency?
Cryptocurrency is a decentralized system to record transactions and issue new units of digital or virtual currency. It doesn’t rely on banks to verify transactions. Cryptocurrencies run on a distributed public ledger called blockchain – a record of all transactions updated and held by currency holders. Users can also buy currencies from brokers, then store and spend them using cryptographic wallets.
How does it work?
When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. Public blockchains are usually decentralized, which means they operate without a central authority such as a bank or government.
How do you buy?
If you’re a first-time buyer, you’ll very likely have to use regular money to buy cryptocurrency. You can buy and sell cryptocurrencies using bank transfer or your credit/debit card at sites like crypto.com which serves over 10 million customers and is the world’s fastest growing crypto app.
Is it safe?
Crypto owners use digital wallets to store their holdings safely as on-platform storage. A cryptocurrency wallet functions like a traditional wallet, but instead of paper currency, it holds proof of your digital cash. These digital wallets can be a device, a program, an app or online website, or a service offered by crypto exchanges. Most of these digital wallets are password-protected, and many offers other security features including encryption and two-factor authentication.
Selecting cryptocurrencies
You can track largest trading cryptocurrencies by market capitalization at CoinMarketCap. The first cryptocurrency was Bitcoin, founded in 2009 and it remains the best known today. You can buy Bitcoin through exchanges and stockbrokers, or from other owners. Regardless of where you get it, consider the risks of investing in digital assets. Buying Bitcoin is often the first step that investors take into the world of cryptocurrency. But there are Bitcoin alternatives like Ethereum, Cardano, Solana or Stabolcoins. Before you buy the only thing to ask yourself is what your goals are for the investment.
Cryptocurrencies are innovative payment systems and Matica can provide integration to these frameworks.
About Matica
Matica is a fast-growing and innovative global company, which develops, manufactures, and markets a vast range of products in the secure ID, and payments industries. Matica has a strong international network, operating globally providing local sales and services through its offices in Switzerland (HQ), Italy, UK, India, Malaysia, China, USA and the UAE. The company supports thousands of customers with its global network of certified resellers, value-added distributors, and system integration partners. For further information, please visit maticagroup.com