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Sunday, 8 July 2018
How Cryptocurrency Creates Value For Entrepreneurs Cryptocurrency has certainly brought about a paradigm shift in the manner entrepreneurs transact value, raise capital, and invest their savings via a decentralized digital cash system. Continuing with this trend, entrepreneurs in 2018 are quite well positioned to openheartedly adopt the blockchain technology. Let’s take a look at some of the key ways in which cryptocurrency will create value for entrepreneurs in 2018. Raising capital is easy With initial coin offerings easily available, it has now become quite easy for start-ups across the world to raise funds cheaply and quickly from a wide array of available global investors. Shares are disbursed as tokens which are immediately tradable. Thus they can generate an inflow of liquidity to the company. Easy Transacting Value Cryptocurrency now facilitates entrepreneurs to transact value amongst their peers sans a centralized authority. Thus it offers a faster, cheaper, and more efficient alternative as against traditional payment networks. Very soon start-ups will no longer have to bear the hassle of the long process of setting up a business account in order to receive and distribute funds. It also helps in saving on fees and brings about faster settlement of dues. Investing for the future According to Entrepreneur India, earlier venture capital funds and private investors used to have the monopoly in terms of access to investment in the best technical talent across the world. However, now cryptocurrency provides a pathway for almost anyone to invest in the most exciting technologies available. This facilitates retail investors to own a list of high growth firms. Offering powerful infrastructure Robust infrastructure is now being offered to entrepreneurs by blockchain to run their technology and create a completely new business model in a trusted manner sans any centralized authority. Becoming a part of the blockchain community By joining the blockchain community, entrepreneurs can easily access some of the ace entrepreneurs who are actively advising, investing, and building upon blockchain. The blockchain community members are all committed towards a common objective of taking forward the blockchain technology. Thus with these simple facts mentioned above, cryptocurrency can create value for entrepreneurs in 2018. Must Read recommended by The post How Cryptocurrency Creates Value For Entrepreneurs appeared first on OWLT Market.
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