Here we are, about to wrap up 2019! It's been a wild year watching the boom and bust of the Bitcoin cycle once again. For many of you out there, many want to partake in the big swings, but have a hard time accumulating satoshis on a limited budget.
It is best at this point to take a step back and look at the burgeoning ecosystem, and to use this big picture to look at the new opportunities that are out there today.
For many Americans, the on and off ramps have increased greatly, but access to many ICO's and many coins have diminished. Overall, this should be a good thing- companies and organizations will need to take more responsibilities to maintain proper vetting, and this should help protect consumers from the inevitable crap coins that used to follow those failed projects.
These new on/off ramps are a result of better scrutiny in the system, and do provide some tantalizing opportunities that were not recently available.
For instance...
Square's CashApp has been making some really big changes this year by providing the ability to not just buy Bitcoin, but also store and sell it. Another exciting change is also the ability to invest in the traditional stock market by buying portions of your chosen stocks for as little as $1. The CashApp connects directly with your standard checking account, and you simply load up cash into the app. You can also send money to friends, and received payments- with the ability to send those funds back to your account.
It may sound incredibly "dated" to the faster money apps and crypto in general, but there is still a solid category that Paypal still fits into- funds from a side-hustle. You might have a side-job, a niche project, or be working on huge plans, or..... not. For those of us with few goals, Paypal does solve a very "unique" problem. Paypal is still the "go-to" for most menial skill / task programs online. Yes, there are now a plethora of crypto GPT (Get Paid To) sites and a minefield full of faucets, but typically the best paying gigs pay out via check, bank transfer, or good old Paypal. By linking up Paypal to an actual bank account, you can now complete the funnel from "side-gig's" sending payments via Paypal to your bank to your CashApp and finally to your Bitcoin wallet.
There and back again.
More apps and techniques in the next post.
Let me know what you like, or what you would like to see more of.
White Lion
