How cryptocurrency works – If you are into business for a long time or new budding startup, then you must be aware of growing popularity and trend of digital marketing as well as cryptocurrency. Both have been popular in terms of user-friendly in their own ways.
Where digital marketing becomes a necessary need for startups and many businesses to make their mark and rise above their competitors, cryptocurrencies have gained much liking among many users and financial advisors, who are backing for it. They are convincing people to prefer it. But what if these two different technologies come at face-off with each other. So to know how cryptocurrency impacts digital marketing, you need to read the blog and know the actual difference between them.
Well, to answer this question may not be that easy, but if talking about benefits, both cryptocurrency and digital marketing, come as an advantage for the customers for having full control over the company that keeps their information. By doing blockchain analysis, you will find that blockchain seems to be like an open record mechanism, which is very useful in keeping a tab on multiple transactions. Not only this, but it can also track medical transactions, medical records and voting records. Every transaction is segmented into blocks, which are verified by users. Once checked and verified, these blocks and transactions cannot be reversed again. Once these blocks are verified, they become permanent and are added to the existing blocks.
In the contemporary trend of shopping, it has been found that many people have become used to in buying and selling of goods to multiple websites. There are many such examples of online websites, where people are taking a keen interest in marketing for their products. These market platforms make profits by charging fees to sellers and buyers who chose particular online marketing website for buying and selling of goods. These market platforms then verify the transactions through banks and confirm about buyers and sellers being genuine.
Now here blockchain comes as contradictory technology in comparison to marketing strategies. It is so because blockchain comes as a great help to buyers and sellers by eliminating the role of the middleman. The transactions done here are far more different from those marketing websites as the third party. Besides this, it doesn’t involve any need for banks and transaction fees regarding any purchases done. So in that way, it clearly states the reason why cryptocurrency impacts digital marketing.
Many blockchain advisors, consider blockchain as the backbone when it comes to making electronic payments between peer to peer and is considered to be the safest and fastest way to make transactions. Being familiar with this fact about blockchain, let’s get to know another example of cryptocurrency impact on digital marketing. Sometimes it is noticed that when customers make a transaction or provide information to the third party, they unwantedly receive advertisements, which they don’t want. But in comparison to it, blockchain technology favours consumers by giving him useful right to charge the firm regarding contact information. In that way, it enables the customer to read the company mail by charging cent and hence the transactions will be done directly through cryptocurrency.
Conclusion
Though both the technologies are best in their way. But with given examples in the blog, it somehow proves the reason how cryptocurrency impacts digital marketing. It is because cryptocurrencies have eliminated the role of middleman, which makes it more advantageous over digital marketing where there is the presence of middleman or third party. With the citation of examples in the blog, it very much says that consumers find cryptocurrencies more beneficial to digital marketing. All because the transactions done by cryptocurrencies are much faster than the online transactions done by buyer and seller on any market website.
