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pexels fauxels bit indexai kodd magazine culture lifestyle bitcoin crypto monnaie currency
  • Advice

How cryptos outside of Bitcoin can benefit businesses

    Accueil > CULTURE > Advice

    Cryptocurrency is often misunderstood or only associated with Bitcoin.

    But behind the currency lies a complex algorithm that companies can also use for practical business applications like bit index ai. The term is increasingly used in the media without going into detail. Basically, it is a program code based on a blockchain.

    The code is stored on the blockchain and executes transactions once specified conditions are met. The programmers define these conditions and use them to execute the automation. Certain actions are then triggered if the previously defined conditions are met.

    pexels rodnae productions bit indexai kodd magazine culture lifestyle bitcoin crypto monnaie currency
    pexels rodnae productions bit indexai kodd magazine culture lifestyle bitcoin crypto monnaie currency

    By using smart contracts, agreements can be executed without the need for an intermediary. It is also easy to reduce costs. The advantage lies on the one hand in the cost savings due to the saving of fees and at the same time a smooth transaction is also made possible.

    Compare with online marketing

    The procedure can also be compared with online marketing from a distance. Compared to traditional marketing methods, pre-programmed steps can be carried out. A better basis for data analysis is created.

    This automation can also be used for so-called remarketing. This works in a similar way, because here too the contact with a potential target group of advertising companies takes place after visiting a website. The processes are sometimes very complex, which is why you use the services of a remarketing agency.

    Remarketing allows visitors to a website to contact them in a targeted manner. It can also be used to increase the sales of a company in a targeted way. In remarketing, different approaches are used to achieve the desired success. Different objectives are pursued with remarketing.

    pexels fauxels bit indexai kodd magazine culture lifestyle bitcoin crypto monnaie currency
    pexels fauxels bit indexai kodd magazine culture lifestyle bitcoin crypto monnaie currency

    What are the advantages of remarketing

    By re-displaying the content that has just been viewed, the content can be remembered. One of the biggest challenges in online marketing has always been not to get people to make a purchase decision.

    Users visit a web page, scroll down, and then switch to another web page. With remarketing, companies can remind these people of the page they just visited. There is repeated brand exposure and you can also take full advantage of the key benefits of retargeting.

    The easiest way : trading crypto-currencies in the form of cfd

    Investors who are primarily interested in participating in the performance of a crypto-currency can trade various crypto-currencies relatively easily via a CFD broker. Whatever cryptos you wish to trade, a CFD is the easiest way to do so.

    pexels rodnae productions bit indexai kodd magazine culture lifestyle bitcoin crypto monnaie currency
    pexels rodnae productions bit indexai kodd magazine culture lifestyle bitcoin crypto monnaie currency

    You can think of a CFD as a security. As an investor, you participate directly in the price movement of the crypto-currency. If the digital currency rises, your CFD will also rise. However, you do not physically own the internet currency, so you do not own a coin or digital file.

    Speculative investors can take advantage of CFDs to do this. With a leverage factor of 30, the CFD goes down or up 30 times more than the price of the crypto-currency. Participation in a 1:1 ratio is of course also possible.

    Crypto etp : trade crypto-currencies via exchange traded products

    WHAT IS A CRYPTO ETP ?

    ETPs are ETNs, which stands for Exchange Traded Notes. They are exchange traded debt securities that track the performance of an underlying asset. ETNs offer investors a low-cost way to invest in asset classes such as Bitcoin, Ethereum and other crypto-currencies.

    HOW DOES AN ETP CRYPTO WORK ?

    Investors can participate in the performance of crypto-currencies with ETPs. You don’t need to switch to unregulated crypto trading venues for this, crypto wallets are not required for trading either. Trading and holding crypto currencies is done via regulated security.

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    Angela Anz
    Angela Anz

    The brain behind KODD, Angela is a passionate writer in her free time. Don't be surprised to find some of her articles written with passion.

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