How to get real money from bitcoin

We all know what money is. After all it dictates almost every activity on earth. It has taken many forms, from cowry how to get real money from bitcoin and beads to precious metals, coins and notes that we know today. Now there is a new kid on the block. Cryptocurrencies or crypto for short.

Bitcoin is everywhere right now, and while bitcoin is by far the most important how to get real money from bitcoin, there were in fact over 1, cryptocurrencies as of Dec. But does calling something a currency make it money? Technically money is any clearly identifiable object of value that is generally accepted as payment. In other words, if a big enough group of people say they are willing to exchange goods and services in exchange for an item then that item is in fact money.

Many of the new cryptocurrencies are intended purely for use within a defined marketplace; think loyalty programs or the currencies of an online gaming site, but many, such as bitcoin, Etherium, Dash, ZCash to name but a few, want us to start to use these currencies as we use money today, just better, cheaper, faster and more reliable.

So can I buy a coffee with any of these new crypto. Can I pay for my mortgage with a bitcoin. Try to pay for a coffee in Starbucks with Dash and you will get a blank stare. But this is all about to change. Innovative companies are working on ways to instantaneously convert your cryptocurrency into the currency issued by the merchant. Now when you go to Starbucks, you might be charged in dollars, but provided you have the how to get real money from bitcoin payment app, you can pay in cryptocurrency, and Crypterium for example, will instantaneously convert that cryptocurrency into dollars.

Does this make it money? Probably not, since only one side of the bargain is actually working with crypto, while the other side still wants their dollars. But it is definitely a start. If people realize then can spend crypto, they will be more willing to own it.

Once the idea takes hold, it seems almost inevitable that that crypto will not be just a currency, but also money. This deal is the fifth investment for Gulf Capital in the technology sector and is part of its efforts to develop the payment and digital financial transaction sector in the area.

Partner Insights Sponsor Content From: Comment Start the Conversation, Login. Amex sets aggressive deadlines for contactless and EMV adoption.

Like what you see? Make sure you're getting it all Independent and authoritative analysis and perspective for every segment of the payments industry.

We all know what money is. After all it dictates almost every activity on earth. It has taken many forms, from cowry shells and beads to precious metals, coins and notes that we know today. Now there is a new kid on the block.

Cryptocurrencies or crypto for short. Bitcoin is everywhere right now, and while bitcoin is by far the most important cryptocurrency, there were in fact over 1, cryptocurrencies as of Dec. But does calling something a currency make it money? Technically money is any clearly identifiable object of value that is generally accepted as payment. In other words, if a big enough group of people say they are willing to exchange goods and services in exchange for an item then that item is in fact money.

Many of the new cryptocurrencies are intended purely for use within a defined marketplace; think loyalty programs or the currencies of an online gaming site, but many, such as bitcoin, Etherium, Dash, ZCash to name but a few, want us to start to use these currencies as we use money today, just how to get real money from bitcoin, cheaper, faster and more reliable.

So can I buy a coffee with any of these new crypto. Can I pay for my mortgage with a bitcoin. Try to pay for a coffee in Starbucks with Dash and you will get a blank stare.

But this how to get real money from bitcoin all about to change. Innovative companies are working on ways to instantaneously convert your cryptocurrency into the currency issued by the merchant. Now when you go to Starbucks, you might be charged in dollars, but provided you have the right payment app, you can pay in cryptocurrency, and Crypterium for example, will instantaneously convert that cryptocurrency into dollars.

Does this make it money? Probably not, since only one side of the bargain is actually working with crypto, while the other side still wants their dollars. But it is definitely a start. If people realize then can spend crypto, they will be more willing to own it. Once the idea takes hold, it seems almost inevitable that that crypto will not how to get real money from bitcoin just a currency, but also money. This deal is the fifth investment for Gulf Capital in the technology sector and is part of its efforts to develop the payment and digital financial transaction sector in the area.

Partner Insights Sponsor Content From: More Articles Regulations are a welcome relief for B2B automation In the age of Alexa and Siri, customer data makes or breaks relationships Artificial intelligence gives payment collectors a smarter set of tools. Comment Start the Conversation, Login. More from PaymentsSource Saudi Arabian e-payment market attracts investors This deal is the fifth investment for Gulf Capital in the technology sector and is part of its efforts to develop the payment and digital financial transaction sector in the area.

Amex sets aggressive deadlines for contactless and EMV adoption. Like what you see? Make sure you're getting it all Independent and authoritative analysis and perspective for every how to get real money from bitcoin of the payments industry.