Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Bitcoin and 11 other cryptocurrencies and stablecoins are now accepted as payment by a Minnesota-based jewelry store through BitPay.
Yesterday we told how an investor like Robert Kiyosaki, the author of bestseller Rich Dad, Poor Dad and also recognizes that it invests in Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. y Ethereum, has not ceased to do so in gold and silver, because it has prefers to have those physical assets as a backup to what he believes will be the debacle of the U.S. dollar.
Well, now, right in the midst of the also debacle of the price of cryptocurrencies because of the crisis generated by the fall of the stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. de Earth, a well known jewelry store located in Minnesota has decided to accept crypto through BitPay bitPay is a Bitcoin payment service provider. . Perhaps it is an opportunity for those who want to invest investing is when you put money in a financial scheme with the intent of making a gain. their cryptocurrencies in physical goods.
It is about Continental Diamond The company specializes in the sale of gold, silver and gemstone jewelry, as well as watches, and has been in business since 1981.
“We are constantly innovating and creating an oasis you can’t wait to come back to! Embracing cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. seemed like a simple next step in adapting to the changing behaviors and preferences of our customers.” Jimmy Pesis, co-owner and president of Continental Diamond, said in a press release.
Also, this is how the jewelry store retweeted the news:
Continental Diamond Becomes Minnesota’s First Jewelry Store To Accept Bitcoin https://t.co/BOydhIGw6M
— Crypto News World Feed (@CryptoNewsWF) May 11, 2022
According to reports in some media, this move turns Continental Diamond into the first jewelry store in Minnesota to allow its customers to use cryptocurrencies as payment. The jewelry store, as we said, will use cryptocurrency processor BitPay for your commercial services.
BitPay ofrece soborte para Bitcoin (BTC), Bitcoin Cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. (BCH), Dogecoin (DOGE), Shiba Inu (SHIBA) Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC) and five stable currencies pegged to the USD ( BUSD, DAI, GUSD, USDC y USDP).
The current crisis does not seem to be a problem given that BitPay protects companies from volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index. by ensuring they are paid every dollar charged for the purchase in BTC with daily settlements at a rate of 1%. .
This jewelry store joins other legacy companies that have started accepting crypto payments. An of the most recent was Gucci, who made the announcement last week.
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