Since the introduction of the first cryptocurrency, Bitcoin, in 2009, the general public’s awareness of crypto has gradually been increasing. However, those that are actually engaging with crypto, buying, investing and using crypto whilst also rising, are rising at a much slower rate. There are many reasons for this, but there are three main ones. We take a look at what these are and take a look at how miBoodle, as well as being a fantastic opportunity to earn extra money, can be a fantastic way to engage with crypto for the very first time.
“We don’t know what crypto is”
Perhaps the biggest obstacle preventing cryptocurrencies going mainstream is that many people simply don’t know what it actually is. While there are an increasing number of stories in the news about crypto, if you ask many people what crypto actually is, then they’ll struggle to explain. Sure, they may know the buzzwords such as blockchain and Bitcoin, but ask most people to define what crypto is and they will struggle.
“We don’t know where to get crypto from”
Even for those people who know about cryptocurrencies and are savvy as to what they are and how they can be used, one of the big barriers is that it’s not always really clear to many people where you can get cryptocurrency from. Unlike FIAT currency which we all use on a daily basis in a variety of circumstances, getting hold of cryptocurrency is relatively easy, as long as you know what you are doing. And it is in that where the issue lies. There is a steep learning curve for most people to get to this stage and understand the blockchain and the need for digital wallets for example.
“Crypto us too difficult to spend”
This is one of the most common reasons cited as to why cryptocurrency still hasn’t become more popular with the general public. Although there is an increasing awareness of cryptocurrencies such as Ethereum and Bitcoin, there is still a lack of opportunity to spend it. There are very few high street or online retailers that accept any form of cryptocurrency. Even though according to a recent study by LendEDU that saw more than half of respondents said they would consider using an Amazon coin for their purchases, although actually doing so remains an impossibility.
miBoodle: The gentle introduction to crypto
miBoodle is the fantastic new way to earn money online by automatically building informative and engaging websites on any subject you wish. These are then shared across your social channels, the more they are read and shared, the more you get paid.
The innovative way that the platform uses crypto is in its payments. Users can choose to be paid by Paypal but they can also choose to be paid in miBoodle tokens, the more they get of these, the greater the rate they earn from miBoodle. These blockchain based tokens are a simple, easy and risk-free way of being introduced to the exciting world of cryptocurrencies and the blockchain. Is miBoodle, a truly international phenomenon grows in popularity across the world, so will the general public’s understanding and engagement with crypto.Read Article