You’ll have heard the buzzword “cryptocurrency” fairly incessantly within the final 12 months or so.
Whereas it might nonetheless really feel like a international idea, Columbia has adopted some cryptocurrency choices for fee, and even provides courses at UofSC that concentrate on digital currencies and blockchains.
As Colin Jones, a former Ph.D. professor of finance on the Darla Moore College 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 alternate actual foreign money for cryptocurrency to have the ability to “play the sport.” On this case, as a substitute of enjoying a recreation, you might be exchanging your “tokens” to buy items and providers. Based on CoinMarketCap.com, a market analysis web site, there are 10,000 totally different cryptocurrencies, and the whole worth of all cryptocurrencies is now greater than $2 trillion.
💰The right way to be taught extra domestically
- Columbia Bitcoin Club | A neighborhood group of ~140 members who talk about cryptocurrencies, Bitcoin, blockchain expertise, 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 search out fuel stations + native atms that alternate cryptocurrency.
- Use this map to zoom into Columbia and discover Bitstops — locations you should purchase bitcoin with money. There’s 1 location at 2002 Greene St. in Five Points.