The quick unfolding of new online payment systems to support e-commerce and m-commerce offers us amazing opportunity to trade favorably. Over the last couple of years we’ve been watching the evolution of digital currencies in general and particularly, the cryptocurrencies. Its increasing popularity and rapid growth in the number of exchanges to trade the different cryptocurrencies has brought a strategic shift to our trading dynamics. We’ve been increasing our staking in trading bitcoin and other alt coins. To our surprise, we’ve been able to make a major impact to our trading results and grossed up higher margins in relatively short timeframe. We continue to build our portfolio in the segment and plan to enhance it further. Cryptocurrency trading is our number one profit spinner and we visualize a great future for our investors based on our great performance in this new arena.
A cryptocurrency is a decentralised payment system, which basically lets people send currency to each other over the web without the need for a trusted third party such as a bank or financial institution. The transactions are cheap, and in many cases, they're free. And also, the payments are pseudo anonymous as well.
A cryptocurrency is a medium of exchange such as the US dollar. Bitcoin, the first cryptocurrency, appeared in January 2009 and was the creation of a computer programmer using the pseudonym Satoshi Nakamoto. Cryptocurrency is said to be one of the greatest technological breakthroughs since the advent of Internet. And rightly so!
The main feature of a cryptocurrency network like Bitcoin is that it's totally decentralised, which means that there's no single central point of authority or anything like that. This implies that everyone is having a full copy of all the transactions that has ever happened with Bitcoin. This creates an incredibly resilient network, which means that no one can change or reverse or police any of the transactions. The term cryptocurrency is used because the technology is based on public-key cryptography, meaning that the communication is secure from third parties. This is a well-known technology used in both payments and communication systems.
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