You might have heard the buzzword “cryptocurrency” fairly regularly within the final yr or so.
Whereas it could nonetheless really feel like a international idea, Columbia has adopted some cryptocurrency choices for fee, and even affords courses at UofSC that concentrate on digital currencies and blockchains.
As Colin Jones, a former Ph.D. professor of finance on the Darla Moore Faculty of Enterprise, would say, “education is a critical component of this financial ecosystem.” So, with out additional ado, let’s study it.
💰 What’s Cryptocurrency?
Merely put, it’s a form of payment that may be exchanged on-line for items + providers. Typically it’s known as digital “tokens” — consider them extra like arcade tokens or on line casino chips.
You’ll must change actual forex for cryptocurrency to have the ability to “play the sport.” On this case, as a substitute of enjoying a sport, you’re exchanging your “tokens” to buy items and providers. In line with CoinMarketCap.com, a market analysis web site, there are 10,000 completely different cryptocurrencies, and the complete worth of all cryptocurrencies is now greater than $2 trillion.
💰 be taught extra domestically
- Columbia Bitcoin Club | A neighborhood group of ~140 members who talk about cryptocurrencies, Bitcoin, blockchain know-how, and decentralized methods.
💰Different locations in Columbia that accept cryptocurrency
- Reed’s Jewelers at Columbiana Mall accepts crypto as fee.
- Use this map to zoom into Columbia to seek out fuel stations + native atms that change cryptocurrency.
- Use this map to zoom into Columbia and discover Bitstops — locations you should buy bitcoin with money. There’s 1 location at 2002 Greene St. in Five Points.