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IOTA News: Microtransactions For Media Companies

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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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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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