In the era of the digital world, Cryptocurrency has modernized the way folks transact value, raise capital and invest savings with its decentralized digital cash system. Many experts like Michael Telvi say Blockchain technology is once-in-a-lifetime invention. Nobody in the history ever heard or seen such a breakthrough in financial technology. In 2018, entrepreneurs are well settled to become early adopters of blockchain technology.
Let’s check out how Cryptocurrency Can Help Entrepreneurs in The Year 2018:
Raising Capital
Cryptocurrency has changed the way early-stage companies raise capital. With initial coin offerings, startups across the world can raise money cheaply and quickly from a wide pool of global investors with an ease. The real picture of a company is immediately reflected by the market, a process that has traditionally been challenging for businesses who are in their early stage. Shares are issued as tokens and tradable almost with an ease and fetching large amounts of liquidity to the company. And the good news is, this new approach to raising capital has changed the world and empowered the best technical source to build companies at high speed.
Transacting Value
Cryptocurrency has made it easy to transact value without a centralized authority. It provides a quicker, cheaper, and more resourceful alternative to traditional payment networks. For companies, accepting payments in cryptocurrency is becoming increasingly efficient, saving on fees and bringing a faster settlement. In the coming years, startups will no longer need to follow the long process of setting up a business bank account to receive and distribute funds.
Investing for the future
Will you go to invest, if you come to know that cryptocurrency is going to be the investment opportunity of a lifetime? Yes, this is true, no one in the history every seen or heard that retail investors had investment access to high growth early-stage companies. Traditionally, private angel investors and venture capital funds have held monopolies on access to investment in the world’s best technical talent. Cryptocurrency provides a gateway for everyone around the world to invest in the world’s most exciting technology. Additionally, it is creating an advantage for retail investors to own a basket of high growth companies.
Developing on the blockchain
The blockchain technology offers opportunities for companies to create entirely new business models in a trusted way without the interference of centralized authority. Furthermore, it is already revolutionizing the way startups create value. This technology is a cost-efficient way of building decentralized applications that can scale to a global population.
Joining the blockchain community
The blockchain community offers access to best entrepreneurs across the world, who are actively investing and building upon this digital currency. Facebook, WhatsApp group, WeChat, and many other social media apps have contributed to building communities of decentralized cryptocurrency investors. As with the help of these apps investors can communicate with each other on a daily basis. A process that would traditionally take months in traditional venture capital is now can easily coordinate with this popular technology.
Final Thought
Michael Telvi says the investment in blockchain and cryptocurrency will provide the best opportunities to entrepreneurs and professionals in 2018 or beyond. So, if you are curious too for cryptocurrency investment, it is the time to bite the bullet.