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Financial Success

Cryptocurrency ATMs Explained

By | Financial Success, JIFUcoin | No Comments

You may have never heard of a cryptocurrency ATM, but they are starting to pop up in crypto hotspots all over the world. Despite its name, a cryptocurrency ATM is not the same as a regular automated teller machine (ATM). What is the same, however, is the concept of a kiosk hardware machine. Here, we will explain the basics of cryptocurrency ATMs to use them to your advantage better. 

According to Investopedia, there are over 14,000 bitcoin ATMs worldwide, and the number is only growing. Coin ATM Radar estimates that there are over 12,000 cryptocurrency ATMs in the United States. This is compared to the previous year when there were only 6,700 in the US. This trend exemplifies the increased usability of cryptocurrency. 

Basic Functions 

 These “ATMs” primary function is to allow public users to buy or sell cryptocurrencies for a terminal. The cryptocurrency ATMs are connected to the internet to execute the process. 

The vast majority of these machines allow users to use cash or debit cards to buy cryptocurrency. Some will even give you cash if you sell your coin using the device. Because financial institutions do not operate cryptocurrency ATMs, they do not connect with users’ bank accounts. 

How it works 

The kiosks are all connected to the bitcoin network. A typical transaction will go as follows:

  1. Buyers scan a QR code that is connected to their e-wallet address.
  2. Purchased coins are transferred to the e-wallet.
  3. The record of the purchase will appear in the wallet a few minutes after purchase.

It’s that simple!

Like a regular ATM, cryptocurrency ATMs charge a service fee for each transaction—most of the time, the ATM charges by percentage. Because of the service fee, buyers often receive a better value for their money when using regular trade sites like Coinbase. 

Using these sites is most often recommended, but the ATMs’ existence increases the accessibility of cryptocurrency tokens. In turn, this could increase the utility and value of the coin. 

New pieces of technology are being developed every day to capitalize on or increase the incredible usability of cryptocurrency. JIFU wants you to be educated and up-to-date, so be sure to check back frequently for more information! 

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Read more:

Investopedia

Coinsource 

Coinmap

The Most Important Financial Tips for 2021

By | Financial Success | No Comments

2021 is a chance to reevaluate your financial situation and work towards a more secure future. It is never too late to get your financial house in order. You work hard, so why not save the fruits of your labor and invest wisely in yourself? We have compiled a list of a few simple tips to help you make this year more stable than the last. 

Order Out Less

Saving money does not have to be a big, daunting task. Start small by bringing your lunch with you to work, or deciding to make a meal at home instead of ordering delivery. If frequent eating out is your vice, try slowly weaning yourself off of take out. Cut out one day of ordering, and you will be surprised at how much money you end up saving. According to a report aggregate by Statista, the average American, aged 45 to 54 years old, spent an average of 4,157 U.S. dollars on eating out. Implementing this small change could help and you may end up eating healthier too!

Workout at Home

During 2020, most people were forced to think outside of the gym when looking to exercise. This may have been a big change for some who rely on the equipment provided by the gym, but there is a hidden benefit of working out at home. You don’t have to pay the often steep monthly charge that gyms often charge! Some people need a change of scenery in order to feel motivated to get their sweat on. If this rings true to you, think about going to a park or running outside for some extra fresh air!  

Banish Recurring Charges

Keep a strict eye on how many recurring charges are being run through your checking account. Recurring charges are services like Netflix subscriptions and Apple Music that charge you automatically every month for access. It can be easy to forget to cancel a subscription that you no longer use. This simple mistake can cost you! For example, if you pay for Netflix and Amazon Prime, you would be spending about 312 USD annually for entertainment. If you regularly use these services, it may be worth it. However, if you don’t use them, that is a sizeable amount of money wasted throughout the year.

Think Outside of the Box

Last year taught us all that even the best laid plans go wrong. Being able to think outside of the box became one of the most valuable skill sets a person can have. Whether it is with something like cryptocurrency or using ecommerce to its full potential, there are opportunities to make money for those willing to look for them. Taking risks can be uncomfortable, but the best things often come when steps are taken out of your comfort zone. 

These are just a few tricks to help you on your financial journey. Remember to hold yourself accountable and set realistic goals.  Be sure to let us know what plans you have for your financial future in the comments below! 

 

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Understanding: Staking

By | Financial Success, JIFUcoin | No Comments

Understanding the ins and outs of cryptocurrency can be confusing, but we are taking it slow with our Understanding Crypto series. The next installment of the series is the important concept of staking. 

Definition 

Put simply, staking is the process of purchasing and holding cryptocurrency in your e-wallet(explanation here) in order to earn profits from it. This is not so different from staking in other contexts, but some people have been able to use it to make a lot of money when the value of the coin goes up. Staking is similar to mining, though it is far less intense.

The difference between mining and staking is that mining relies on the effectiveness of participants to solve hash challenges(proof of work). With staking, a participant can potentially have a higher chance of creating a block when they have more coins locked with proof of stake. 

What is Proof of Stake?

Proof of stake (PoS) is a very important concept to understand when considering staking. PoS is when participants lock coins, the protocol randomly assigns the “right” to one of the coins in order for the next block on the chain to be validated. This happens at random intervals, so the more coins someone has locked, the higher the chances of this happening. 

How Does it Work?

This is a fairly complicated process when we look at the concept in depth, but staking is basically when a user keeps their funds in a suitable wallet. When certain network functions are completed, the user can be paid in staking rewards. 

Each blockchain network has its own list of rules and staking regulations, and each one offers different rewards based on the completion of different functions. For example, some networks only determine staking rewards as a fixed percentage. This is based on public information, so it can be easier to get into. 

Terms to Know

*Staking Pool: A group of coin holders merging their resources to increase their chances of validating blocks and receiving rewards. (via binance)

*Cold Staking: The process of staking coins on a cold wallet. A cold wallet is a wallet that is not connected to the internet, and is essentially a hardware wallet. Learn more about wallets in our e-wallets blog post!

*Block Reward: Refers to the cryptocurrency rewarded to a miner when they successfully validate a new block.

As most of our “Understanding____” series articles are, this is a basic overview of the topic. Please consult other sources and invest responsibility. 

*JIFUcoin is not available for purchase in the US, Columbia, and wherever prohibited by law.

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JIFUcoin Private Sales

By | Financial Success, JIFUcoin | 6 Comments

Are you ready to maximize your potential and take advantage of the impeccably developed JIFUcoin*? Gear up for round two of JIFUcoin private sales, where the future is waiting for YOU. JIFUcoin is a utility token that boldly integrates crypto currency into our already advanced affiliate marketing model.

 

Round two private sales begin early 2021. Members and affiliates can access the JIFUcoin platform from their JIFUlife back offices and purchase JIFUcoin. Not sure where to go? Call member services at (888) 899–5438 or email them at [email protected]. Not a member or affiliate and want to purchase JIFUcoin? Sign up now!

In phase two of private sales, members and affiliates will be able to pay with credit or debit card, crypto (BTCETHUSDT or other ERC-20 tokens are also accepted) and through their Ipayout accounts. We are currently developing systems that enable members to deposit funds into their Ipayout accounts so this method can be utilized even further!

Buying during the private sale gives you the edge you need to rise above the less dedicated! Members and affiliates have the ability to buy at a discounted price of $0.05 — $0.08 per coin in private sale. This price will go up during the public sale and will change based on the coin’s projected extensive usage.

Private sale buyers also have the ability to receive referral rewards. After a member/affiliate refers someone else to buy the coin, the member/affiliate will receive a referral bonus on those purchases. This is just another way for YOU to amplify your growth and success.

As an added bonus, JIFU is also offering staking rewards. Staking is a process similar to a savings account that accrues interest. The sooner you buy and stake your coins the sooner you will be able to start accumulating staking rewards!

Keep an eye on our social media accounts for more information. Follow us to learn more about the crypto-world and to stay up to date on the latest JIFUcoin opportunities.

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*JIFUcoin is not available for purchase in the US, Columbia, and wherever prohibited by law.

Decentralized vs Centralized Systems

By | Financial Success, JIFUcoin | 28 Comments

With the introduction of JIFUcoin*, we have promised to work towards developing a token that actively benefits our members.

 

As previously discussed, a huge part of that is creating our coin using blockchain technology, which comes in two forms: centralized and decentralized. It is essential to be able to understand the difference between decentralized and centralized systems in order to fully comprehend the value of blockchain and, in conjunction, cryptocurrency. 

Because there is not a singular location that stores the data in a decentralized blockchain, the exchange of information is unbarred and far more efficient than institutions that rely on centralized systems, though centralized systems are also important to our society. 

Decentralized systems foster a much more collaborative and free ecosystem for individuals to participate in. Centralized systems are more vulnerable to issues like cyber attacks. When there is no singular location that holds all data for a system, it is extremely difficult to ‘hack’ or change. 

Almost all cryptocurrencies operate on decentralized blockchains and because of it, opens up more possibilities than ever previously conceived. Because decentralization fosters resistance to a single source of power and provides 100% transparency,  these systems can endure localized shutdowns and are censorship-resistant. There is no single entity that controls that network. 

Using cryptocurrency cuts out establishments like banks and other middlemen who slow down the process, even when the blockchain is centralized. Comparatively, institutions are free to use their massive, consolidated power however they desire. 

JIFU and our affiliates are excited the most by the collaborative nature of cryptocurrency. Users are able to exchange value and participate in a more direct and meaningful manner. Additionally, by cutting out intermediaries, the system (and people) are able to save the money and time that would otherwise be wasted by those institutions. 

The nature of blockchain and cryptocurrency facilitates the redistribution of power and increases valuable cooperation. JIFU has developed its own JIFUchain where users can send and receive JIFUcoin at their discretion. As the JIFUchain grows, the network of nodes and people monitoring its transactions will continue to grow leading to an ever more secure JIFUchain and valuable JIFUcoin. We urge users to take back their buying power with the collaborative JIFUcoin!

Sources/Read Further

*JIFUcoin is not available for purchase in the US, Columbia, and wherever prohibited by law.

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Convenient Ways to Purchase Cryptocurrency

By | Financial Success, JIFUcoin | 65 Comments

Purchasing crypto currency can seem daunting and difficult, but the fact is that, if you know how, buying tokens can be very simple. You can even use your credit/debit card through several different types of software developed for that very purpose. Additionally, the steps required to purchase cryptocurrency on full exchanges include KYC (know your customer) procedures where users have to supply the system with identity verification. The below options, amongst many others, provide for a very convenient way to purchase crypto, though are much more expensive in terms of fees than full exchanges.

MetaMask

 

Purchase ETH by clicking “Buy” and selecting either Wyre or Coinswitch. Coinswitch allows for the purchasing of crypto’s other than just  ETH.  Both providers do not require KYC procedures except for large transactions.  All you need to do is fill out your payment information.

Changelly

Changelly offers an easy way for crypto users to exchange and purchase “150+ crypto currencies. They also offer 24/7 live chat support, which is an added bonus for newbies and seasoned crypto veterans.

MyEtherWallet

 

 Simply click on “Buy ETH” along the top row and they will be taken to a similar purchase window where users can enter in their ETH wallet address and payment information.

Instant exchanges offer an easy way to trade and use crypto currency, but they often times come with higher fees to make this happen. However, many people are willing to pay the fees in order to skip the identification steps required with full exchanges.

Purchasing cryptocurrency can be easy, safe, and fast. JIFUcoin strives everyday to be fully transparent and impeccably secure.

 

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Understanding Influencer Marketing

By | Financial Success, JIFU Success, JIFUshop | 25 Comments

Marketing has come a long way since the days of “Mad Men” and the marketing giants of the ‘50’s, but some still don’t understand the extent to which marketing has completely changed into an industry that is almost unrecognizable. 

The advancement of technology has created entire industries and careers that did not exist 20 years ago. One massive example of this phenomenon is what is known as influencer marketing, and its existence has changed the way that companies sell products forever.

If you haven’t heard of influencer marketing, chances are you have seen it in action, but just weren’t aware that it had a name. Essentially, it is a digital marketing strategy that consists of achieving a series of collaborative connections between companies and those people with high visibility and prominence on the internet. These people are known as ‘influencers.’ 

JIFU and countless other companies pay individuals to use the power of an influencer’s online presence to help sell experiences and products.

Social networks were created to connect people and groups to each other, regardless of location. This is clearly a beneficial system for brands to use to their advantage, and often they will pay influencers very well to do just this. 

Online influencers are followed by a target audience that are often very consumerist and whose opinions are easily impacted by the influencer. The brand is able to advertise to a more direct audience and increase their own online presence. 

In order to become an influencer, someone must have an open mind, perseverance, and dedication. Aside from these characteristics, it’s also important to master the leading social networks and create beautiful content to elevate them within their niche.  

Often, brands will pay more to influencers who have more interaction. Someone may have a lot of followers, but if they have low engagement, they could be paid less than someone who has less followers on social media than them.

For example, Christiano Ronaldo has 240 million followers on instagram and a reported engagement of 2.22%. This means that 5,328,000 people engage on average with each post he makes, which is a decent interaction ratio. 

However, nano-influencers (1,000-10,000 followers) can make a reasonable amount of money as well, as long as they have consistently good engagement. Micro-influencers(10,000-50,000 followers) generally make $100–$500 per post, again depending on several factors. 

So how much do they make? It all depends on the brand, the influencer, and the platform. However, no matter your reach or your niche, there is money to be had. The influencer marketing industry is on track to be worth up to $15 billion by 2022 according to Business Insider.

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About: E-Wallets

By | Financial Success, JIFU Success, JIFUcoin | No Comments

The world of crypto currency can seem daunting or confusing, but understanding it is important because then you will be able to capitalize on it. A key part of the crypto world is the e-wallet where the currency is stored, something JIFU is currently developing for users of JIFUcoin*. In this article we break down the most important components in order to help you understand it better. 

As a user of crypto currency you must have a secure e-wallet to store your valuable coin. An e-wallet is a software/hardware based system that stores payment information, passwords, and crypto currency. How can someone store something that does not exist in one place, like crypto currency? Tokens are not stored in your wallet itself but on the blockchain and your wallet simply connects you to your address and gives you permission to send tokens from it. 

The  crypto e-wallet software keeps public and private keys securely, in order to prevent hackers or thieves from stealing your information and data. It is vastly important to choose a well developed e-wallet in order to have a high level of security, privacy, and to maintain balances. In order to use and invest crypto currency or to make a transaction, users must have an e-wallet. 

As a crypto e-wallet user, you have two keys. One is a public key that is used to identify your account and can be searched on the blockchain. This is how users receive funds. 

The other one is a private key and is essential because it is used to sign transactions and ensure that the user owns the related public key. The public and private keys must match in order for any transaction to be complete, and this is made possible by using a blockchain. A user’s private key must be kept secure by the owner and should NEVER be shared with anyone. 

There are two main types of crypto e-wallets: hot wallets and cold wallets. Hot wallets can make transactions quickly because they are connected to the internet, though it has been said that they are less secure, depending on the security of a user’s internet connection. 

On the other hand, cold wallets do not allow for quick transactions, but they are ideal for long term storage and tend to be more secure because they are not connected to the internet. A user’s private keys are stored in an offline environment (in hardware instead of software.) 

JIFU has evolved into a disruptor within multiple industries by embracing the needs of the customer first and emphasizing exclusive value in multiple verticals. Be sure to follow JIFUcoin social media for exciting updates and tips.

*JIFUcoin is not available for purchase in the US, Columbia, and wherever prohibited by law.

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The Life of a Crypto Nomad

By | Financial Success, JIFUcoin | No Comments

By now, hopefully you understand the basics of crypto-currency. If not, check out our JIFUcoin* blog post! Because crypto is essentially a form of currency that does not rely on establishments like banks, entire communities have been formed around its existence. 

One of these groups are known as “crypto nomads.” These are people that travel the world using only crypto-currencies like Bitcoin and Ethereum. This lifestyle is not for everyone, but individuals who are risk-takers thrive on the unknowns that come along with it. 

Another contributor to the creation of the crypto nomad community is the fact that the crypto financial system is becoming more accessible everyday. More businesses are beginning to understand the value that crypto-currencies bring to the economy. Accessibility creates a network effect, where people from all over the world are able to use the same form of currency, anywhere in the world. 

Some have called crypto-currency the world’s first borderless money.” Users are able to trade crypto-currencies with relative ease, as well as convert some coins and tokens into the currency of the country that they happen to be in. 

Crypto nomads are people who plan ahead, but also prepare for the unexpected. They have a very minimalist approach to life, one that combines the ancient tradition of a nomad with the most current and forward-moving technology.

*JIFUcoin is not available for purchase in the US, Columbia, and wherever prohibited by law.

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Security with Crypto-currency

By | Financial Success, JIFU Success, JIFUcoin | No Comments

If you read our last blog post about JIFUcoin*, you’ve probably been contemplating all things crypto-currency. Despite the fact that crypto-currency is a booming and inevitable part of our economic future, most average people don’t know much about it. Even the word crypto-currency sounds daunting, like something only for the dark, hidden corners of the internet.

 

One of the most frequently asked questions is about the security of crypto-currency. Without a doubt, it is always good to be careful when buying crypto-currency. Here at JIFU, we want to ensure that you have all the information you need to understand why JIFUcoin is a safe and transparent option. 

One of the most important, if not the most important, part of crypto-security is what is called a blockchain. A blockchain is what makes crypto-currency even possible by decentralizing data and information. To boil down the very complicated technology that is blockchain, it is essentially a ledger of every transaction made on a certain network that anyone can access and see. 

Because the data is stored in hundreds to thousands of different computers, a good blockchain is nearly impossible to hack or change. If, by chance, someone was able to change the ledger on one computer, it would end up being voided because the changed data does not match the data on the other storage locations. JIFU has invested heavily in a blockchain to ensure supreme security; we are not cutting corners when it comes to JIFUcoin. 

Additionally, every transaction made requires a two factor authentication process, whether that be a password or authentication code. It is also important to consider the “e-wallet,” which is where crypto-currency is stored. Some of the most popular e-wallets include companies like Coinbase, but JIFU is developing our own e-wallet. As usual, JIFU leaves nothing to chance, and our e-wallet is no different. JIFUwallet will be the ideal place for users to store their crypto-currency. Users will be able to effortlessly import and connect their current crypto-wallets to JIFUwallet. 

A few other tips for safe crypto-currency usage include using a strong password, logging out after each transaction, and carefully checking your mobile transaction history regularly, just like you would a bank statement. 

JIFU is committed to full transparency and we have been hard at work developing a token that actively benefits our members. JIFU is also dedicated to making JIFUcoin a true utility token, meaning that our members can use it to buy products, services, and travel experiences. 

Being a part of the crypto-currency movement doesn’t have to be overwhelming. In fact, as a participant in JIFU’s other opportunities, buying JIFUcoin is a simple and logical next step.

Security with Crypto-currency

Learn more, be bolder, and take control of your buying power with JIFUcoin!

*JIFUcoin is not available for purchase in the US, Columbia, and wherever prohibited by law.

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