2017 has been a crucial year for cryptocurrency and blockchain technology. The cryptocurrency market capitalization is already estimated billions of dollars. More and more often you can hear the words “cryptocurrency”, “Bitcoin” and “Ethereum” in the news and conversations, the most popular Google searches are related to this theme. More governments are on the way to recognize bitcoin as an official method of payment and businesses start accepting cryptocurrencies. So, what is cryptocurrency? Why is it so popular? And most importantly, can you take a benefit in the terms of the affiliate marketing? Spoiler: you can!
What is cryptocurrency?
Cryptocurrency or virtual currencies, are digital means of exchange not regulated by national governments. These currencies are not created by a specific government or government-sanctioned organization, their purposes tend to be less nation-oriented. The cryptocurrency is designed to be secure and, in many cases, anonymous. The cryptography, the process of converting legible information into an almost uncrackable code, is used to secure the transactions. There’s no physical form to cryptocurrency which makes it impossible to steal or lose your money. The units of cryptocurrency are created through a process called mining, which involves using computer power to solve complicated math problems that generate coins. The users can also buy the currencies from brokers, then store and spend them using cryptographic wallets.
Bitcoin was the first mainstream example of a cryptocurrency, and remains by far the most popular. Created in 2008 by Satoshi Nakamoto, Bitcoin showed the world how a relatively stable cryptocurrency could be created. Its value has peaked and troughed to reach considerable worth today – right now, a single Bitcoin is worth almost $17 000!
The leading experts say that coins and paper money will soon become a history. The success of Bitcoin has inspired many imitators. There are now more than 900 cryptocurrencies in the wild. While many of them hog attention with their potential for larger earnings on less upfront investment, differing features, or philosophy, their futures still rest in the hands of that cryptocurrency created way back in 2008.
How did the rise of cryptocurrencies affect affiliate marketing?
There are settled affiliate programs in blockchain/cryptocurrency niche. For instance, cryptocurrency trading, bitcoin ventures, and cryptocurrency exchanges. Many individuals are switching to cryptocurrencies for venture so methodologies that work for user acquisition in finance, binaries and betting verticals may work. It is obvious that the verticals that are familiar to affiliates for years, have adapted to the new trends. Moreover, there are bitcoin sweepstakes and several crypto-related applications.
The rise of cryptocurrencies turned into a breath of fresh air for the industry allowing brokers to engage new traders and keep existing ones. Cryptotrading offers as they are regularly referred to are fundamentally the new angle for binary and FX offers. Another growing sector is bitcoin betting. The rising value of bitcoin, its usability, low exchange fees and anonymity engages players everywhere throughout the world to bitcoin gambling. There are even some crypto mobile content offers. A user is charged for membership and gets the access to webinars, articles and tutorials related to the cryptocurrencies. Besides, there are numerous purely blockchain related products. Introductory Coin Offering (ICO) has turned into a major thing in 2017.
Thus, to sum up, there is no doubt that a ton of cash is being made on crypto offers now. Most likely right now is the best time to get started with crypto affiliate marketing while the market is relatively not that competitive!
BizProfits CPA Network began adding new high-paying crypto offers on a weekly basis. Start promoting them to take the most advantage of this uprising trend!