In a nutshell, online marketing coin (or cryptocurrency, depending on what kind of blog post you’re reading) is a form of digital money that is only used for online transactions. This means that you cannot use it to purchase items that you intend to ship to another location. For that matter, you cannot use online marketing coin to make a purchase in a physical store. In theory, this form of digital money is supposed to be used solely for online transactions, which makes it pretty much impossible to use anywhere else but online. That being said, it’s still a relatively new form of currency, and since most people aren’t used to dealing with it, there aren’t many established rules regarding proper usage.
Features
Unlike traditional fiat currencies (such as USD, GBP, and CNY), online marketing coin does not have any printed symbols on it (hence the name “coin”). Instead, its symbol is the word “ORO” (often referred to as the “brand name” of the currency). That makes it much harder to counterfeit. In theory, all ORO coins should look the same: they should be composed of the same materials, have the same dimensions, and their numbers should be evenly distributed (i.e., there shouldn’t be any “fracture” in the coin’s visual appearance). Luckily, even though it’s a brand new form of currency, the people behind ORO have taken the time to make sure that all of their products meet those requirements, and thus far, the cryptocurrency has lived up to the hype.
History
Founded in 2017, ORO (formerly known as “One Dollar”) launched with a bang, gaining popularity as the dollar plummeted in value compared to other cryptocurrencies.
In September of that year, the price of a single unit of ORO rose from less than a dollar to over a hundred dollars in the space of a few hours. That’s when people began to realise the potential of this relatively new currency. Since then, the price of a single coin has remained relatively stable, hovering around the 80-120 dollar range. In general, the more popular a coin becomes, the more expensive it tends to get.
Conversely, the value of other cryptocurrencies (such as bitcoin, ethereum, and ripple) has seen an inflection point, rising and falling as the general economy rises and falls. Interestingly, many coins have seen a rise in value followed by a decline, which is known in the industry as “polarisation”.
This is mainly because there’s been a major shift from traditional investment towards more of a “hodl” (i.e., holding onto your coins for the long term) mentality. In other words, even though many people have turned a blind eye to the recent market correction, it has merely served to strengthen the resolve of cryptocurrency enthusiasts. For the moment, these coins remain an excellent store of value, seeing as every day brings a new peak or valley in their value.
Uses
Any form of digital currency that is not suited for everyday use (e.g., credit cards) is best suited for use in online transactions and commerce, especially if the purchasing power of these coins remains relatively stable.
However, even with those advantages, many cryptocurrencies still struggle to find their place in the world. One of the main reasons for this is that, in many cases, you cannot use them to purchase items that you intend to ship to another location. That brings us to our next point.
Unlike traditional fiat currencies, which are legal tender for all debts, cryptocurrency transactions aren’t necessarily “good” or “bad”. This is mainly because there’s no government or bank to rule them either “good” or “bad”. Instead, it depends on the circumstances surrounding the transaction and the parties involved. If you’re considering making a purchase with bitcoin, for example, you would need to check the price of bitcoin against the cost of the item you wish to purchase, to ensure that you’re not overspending.
Who’s Using It?
While many cryptocurrencies have enjoyed a relatively good repute in the marketplace, a select few have turned out to be the real deal. One of the best known and most popular cryptocurrencies with genuine uses is Monero.
This is largely because of the platform’s emphasis on privacy, which makes it a relatively untraceable purchase. If you’re looking for a coin that is both popular and offers privacy, then you should seriously consider trying out Monero. Not only does it provide a safe and untraceable way to make purchases, but it also gives its users the ability to remain anonymous if they so choose.
Where Can I Spend It?
Thanks to its status as a “cryptocurrency”, the world of online marketing coin is fairly open to interpretation. In theory, it should serve as an excellent medium of exchange for online transactions and commerce. This makes it particularly suitable for use in E-commerce stores, where its anonymity features could prove useful for shielding consumers’ personal information.
Unlike traditional fiat currencies, cryptocurrencies are not bound to any one country or region. This means that the opportunities for spending and trading them are truly global. For example, given its focus on online commerce, it would make sense that online marketing coin is available to be spent on online stores, as well as social media platforms, such as Twitter and Facebook.
Overall
Overall, the rise of cryptocurrencies over the past few years has been nothing short of phenomenal. As mentioned, cryptocurrency enthusiasts have taken the recent market corrections in their stride, reaffirming their belief in technology over institutions. Furthermore, the increased adoption rate by businesses indicates that even more people are seeing the benefits of this fledgling technology, which is still in its infancy.