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Why IN4X Global is Encouraging Mass Adoption of Crypto

A few facts about the Crypto market

By this point, you must not have heard of cryptocurrencies only if you have been living under a rock. Or were in a coma for the past twelve years, in which case, we apologize. But posts about BTC appear every 3 seconds on social media. This makes it is very likely that you would have heard about it while you are exploring your feeds.

Moreover, the global market cap of crypto is currently 1.09 trillion USD. However, it is one-third of the peak of 3 trillion USD reached in November 2021. Although anyone who invests anywhere knows that all markets follow a cycle of highs and lows.
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Image obtained from CoinGecko.
The number of cryptocurrency owners in the world now amounts to about 320 million.
Out of these around 25 million owners have bought cryptocurrency during the first half of 2022.

Crypto Payments

According to research done by Deloitte, around 75% of merchants surveyed are planning to accept crypto payments within the next two years. On other hand, 80% of merchants that offer cryptocurrency payments have attracted new customers. There are a host of benefits that cryptocurrency payments offer. Not only do their benefit merchants, but also customers.

A blockchain is responsible for processing crypto payments. So, there is no need to store the transaction details on any centralized server. Hence, there is no risk of consumer data being breached.

Merchants have the choice to accept crypto payments through their crypto wallets, or through a crypto payment gateway like IN4X Global.
Furthermore, using IN4X Global’s payment solution offers the following benefits:

  1. Faster transactions from anywhere in the world.
  2. Enhanced security for payments.
  3. Lower transaction costs.
  4. Elimination of fraud and chargebacks.
  5. Supporting major cryptocurrencies and stablecoins.
  6. Locally available and accessible team
  7. Settlement in crypto or fiat in any bank in the world.

Crypto Trading

Cointelegraph defines Crypto Trading as:
“The act of speculating on cryptocurrency price movements via a contract for difference (CFD) trading account, or buying and selling the underlying coins via an exchange is known as cryptocurrency or crypto trading.”
In simple terms, crypto trading refers to the buying and selling of crypto coins or tokens. This is via centralized and decentralized exchanges or peer-to-peer platforms. Now since the cryptocurrency market is relatively new as compared to other asset classes, it is still in the early stages. Despite this, blockchain technology (which is what cryptocurrencies are built on) has several other investment products including NFTsDeFi, and GameFi products.

Since cryptocurrency trading takes place round the clock, you get access to trading at your convenience. And most exchanges offer the option to buy through cash or card.

Moreover, crypto trading opens up several other investment avenues including:
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  1. Staking – Locking cryptocurrency to the blockchain to receive interest-based rewards.
  2. Lending – Similar to staking, but crypto is lent to borrowers, instead of a blockchain.
  3. Futures – Ability to open long or short positions on cryptocurrency prices.
  4. Margin & Leverage Trading – Capital is borrowed from a broker to trade cryptocurrency.

There are various strategies that traders use like buying the dip (and selling it for higher prices, scalping, arbitrage, and others. Meanwhile, you should always have a clear plan in mind while trading. Also, it is important to remember that no matter what you trade, you should always DYOR.

Future Scope

Despite the drawback this year, the number of cryptocurrency owners continues rising. Merchants and businesses are more open to accept crypto payments. And governments across the world are considering cryptocurrency regulations. This will encourage even more people to consider entering the field. A few countries like UAE, Singapore, UK, Japan, and a few others are already implementing programs to encourage blockchain economies.

Conclusion

After the recession of 2008, people became disillusioned with the role banks played in the financial system. The first crypto, BTC was launched with the aim to eliminate the monopoly of banks and other financial institutions. Even though BTC is now more of a speculative asset, cryptocurrencies like Ethereum and Ripple are spearheading the change to more convenient cashless societies.

And not just cryptocurrency, the possibilities that blockchain offers are endless. As a result of this, platforms are being developed that solve the current problem of centralization. Since decentralization ensures that the power to own and control lies with the community, it gives users more freedom.

Our motto is ‘Your Crypto Enabler’. And we sincerely believe that cryptocurrencies are the future of the economy. Hence, we are creating products and solutions to encourage the mass adoption of cryptocurrencies.
IN4X Global is a gateway to build a transparent financial economy that is powered by crypto and accessible to all.