Cryptocurrency
Updated: Sep 23, 2021
I'm sure you have heard the buzz word "cryptocurrency" everywhere. Whether it is Elon Musk hyping up Dogecoin or The Simpsons mentioning XRP in an episode, whatever the case, it is not going away anytime soon.
What is cryptocurrency?
Cryptocurrency is a digital currency which can be used to buy a Tesla car, furnishing from Overstock, Pizza from Domino's, and now stylish clothes from Kameakay Boutique.
Why is cryptocurrency so popular? What is the point?
"Cryptocurrencies appeal to their supporters for a variety of reasons. Here are some of the most popular:
Supporters see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable
Many supporters like the fact that cryptocurrency removes central banks from managing the money supply, since over time these banks tend to reduce the value of money via inflation
Other supporters like the technology behind cryptocurrencies, the blockchain, because it’s a decentralized processing and recording system and can be more secure than traditional payment systems
Some speculators like cryptocurrencies because they’re going up in value and have no interest in the currencies’ long-term acceptance as a way to move money." (Nerdwallet, 2021)
Why Crtyptocurrency?
I have always had a love for technology and math. I wrote a published thesis in 2018 aligned with technology and entered math competitions in high school. Bitcoin reminds me of a math algorithm which correlation to the four year cycle. This first cycle began when bitcoin was created by Satoshi Nakamoto in 2009. Since the beginning, there has been three complete four-year cycles. We are currently on the fourth cycle. "Intended or not, the roughly four-year halving that has occurred three times in Bitcoin’s existence so far appears to have been a consistent trigger in pushing up the price every time" (bitcoinmagazine, 2021). Eventually this four year cycle may end and become less volatile; however, currently we are living in very exciting times.
What Cryptocurrency does Kameakay accept?
Bitcoin, Ethereum, and Tether
How to Purchase Cryptocurrency from Kameakay?
In order to purchase items from Kameakay you will need to have a cryptocurrency wallet. There are many wallets, including, but not limited to Cashapp, Webull, Sofi, and Gemini. Once you have a wallet you can go to my website and shop any items you would like. Once you decide on your items, go to checkout.
After you click checkout, fill in your information and click continue. You will come to the payment page with many options for payment. Pay with Pinwheel.
You will fill in your billing address and click continue. Next, click on place order; this will bring you to the pinwheel page. You will have two options to pay: credit card and crypto. Click on Crypto and fill in your name.
Click on Pay. Your options of the three cryptocurrency will pop up. Suppose we pay in bitcoin.
After you click pay, it will bring you to a QR code or a bitcoin address.
There is a 25 minute time limit to access your cryptocurrency wallet in order to purchase the product. For example, I may go to cashapp click on the QR image in the left hand corner. Two options will pop up: scan and my code. You want to click scan. If you have bitcoin in your cashapp wallet, it will automatically take from your bitcoin in your cashapp.
I hope you enjoyed learning about a new currency and keep an open mind as we move further into the 21st century. In addition, I will be giving away a $50 gift certificate to those who pay in cryptocurrency. The $50 gift certificate will be given to the 1st,10th and 20th customer who pay in Cryptocurrency!
Resources
https://www.nerdwallet.com/article/investing/cryptocurrency-7-things-to-know
https://bitcoinmagazine.com/markets/an-obituary-for-bitcoins-cycle