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IOTA News: Microtransactions For Media Companies

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IOTA news

The latest IOTA news involves a new use case for IOTA microtransaction in a digitized version of the media industry.

Online media’s revenue problem

Numerous media companies have suffered greatly ever since the media industry experienced digitization. This has been especially troubling for print media firms since they were forced to change their ways and move their market online. While a lot of these companies managed to find a way to exist on the internet and still make revenue, many of them did not.

The issue arose when they started losing profit due to the lack of interest in print, which was enough for a lot of these companies to eventually go under. Others have tried to force a subscription model, which included a monthly fee. Their consumers were expected to pay a certain amount each month for free access to their website and published news.

However, this also did not help change matters for the better, since not that many people were willing to pay. This had made a subscription model dead before it even started, and the companies were left without options. However, thanks to the rise of cryptocurrencies, this might change soon.

IOTA news brings a new use case

Cryptocurrencies and blockchain technology have become known as a force of change, especially because of their efforts to solve numerous problems that were previously seen as unsolvable. Now, thanks to IOTA (MIOTA), the issue that media firms have been struggling with might finally be settled.

Cryptocurrencies, IOTA included, have brought a unique method of dealing with this issue, which is a new form of payment that everyone seems to be satisfied with — microtransactions. In other words, there would be no need for charging large fixed amounts for online media. Instead, they can simply charge a few cents for each article that their consumers wish to access. That way, the company can continue making money, while the consumers will not feel like they are actually paying for content.

The involved amount would be very low, but still enough for the company to continue their business. This is all thanks to IOTA’s design, which is especially focused on making microtransactions as painless and as simple as possible. Thanks to it design, microtransactions can easily be made in a feeless environment, which will also make IOTA more attractive to users.

Additionally, there are not a lot of cryptocurrencies that can offer such a deal, since most of them are fee-based. In contrast, sending a few IOTA coins as a method of paying for access to specific news is completely fee-less. This is a great IOTA news since it allows it to have a huge use case in the media industry. Especially because its methods are attractive to companies and consumers alike.

If the media companies were willing to adopt IOTA, they would be able to make revenue as they did before. At the same time, the cryptocurrency would receive a new use case, but it would also receive a lot more exposure. Eventually, the coin would also gain a lot more users and holders, which would additionally expand its community, as well as price.

IOTA news doesn’t stop there, of course, as the coin has already partnered with numerous large firms that can make use of its technology. Its largest partnerships to date are with carmakers since IOTA is in a unique position to dominate this industry. Thanks to its technology like TANGLE, IOTA can revolutionize the methods of updating the software of the cars. While a lot of this is still nothing more than a concept, both IOTA and the car-making industry are working hard on making it a reality.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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