Investing In Digital Currency
Update
June 4, 2020 - Covid19 brought an economic crisis. Many people around the world lost their job and the majority are worrying how they can cope up with the circumstances caused by this pandemic.
I returned this article to draft because I got disappointed with the services of GCash, but thankfully, it's moving to a new system, its services are improving and I think this article will be helpful in today's situation, so I decided to publish this again.
By the way, I am trading crypto currencies using Coins Pro now. I created a video that may help those who want to earn and achieve financial growth without going out of their homes.
At ten pesos (PHP), you can start trading as long as you have an internet connection and you have completed the registration process. It might take a while to become part of Coins Pro, but I guess it will take more time before COVID19 ends and our life will go back to normal.
By trading wisely, your 10 pesos (PHP) might become Php 1,000.00 or more before this pandemic ends.
This blog post is for those with no money or have little money to spare for investment and those who have much money but are confused about where to invest their huge money.
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First published on April 27, 2019
For government employees, a year or two depending on the legislatures and the President. In private companies, it depends on your performance and your boss. Promotion is another way to get an increase, but it may still not be enough.
What is Gcash?
Gcash is a mobile money service platform that allows users to transact in the money market, online stores and other businesses connected with Gcash. Bills can be paid through Gcash app and the user can get rewards by doing so. Buying loads from different networks (local or international) became possible too and a rebate is credited to the users who buy load using the Gcash app. If you have friends or family members worrying a lot about how to pay their bills and buy loads in a convenient way, you can register for this service especially if you are in need of additional income. It's a win-win for you and your family or friends.
Important Tips
Once you signed up to Gcash, have downloaded the Gcash app and opened the app and verified your account, you can now do more transactions such as putting your money (if you've cashed in some amount) to GSave that offers 3% (it's around 4% a month before this update) increase annually and investing your money to selected money market.
Gcash also gives 50 pesos (load, cash or worth of rewards) to your account once you have referred anyone that has also created a verified Gcash account. You can apply for a Gcash Mastercard too. This card can be availed with just 150 pesos, maintaining balance is not required in Gcash but you have to use it often to avoid dormancy which may cause deductions on your balance. Gcash card functions like other bank cards.
What is coins.ph?
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| The dog is hungry but they don't have money. |
Your salary may not grow, so don't rely on it.
How many years should you wait before your salary increases?
For government employees, a year or two depending on the legislatures and the President. In private companies, it depends on your performance and your boss. Promotion is another way to get an increase, but it may still not be enough.
As the years go by, the price of goods increase and the value of money decreases. That's an economic principle.
With technology, you have many options, like by signing up to trusted mobile money or financial services and digital currency exchange such as Gcash, coins.ph and Coinbase.
What is Gcash? |
| A screenshot on GCash app |
Gcash is a mobile money service platform that allows users to transact in the money market, online stores and other businesses connected with Gcash. Bills can be paid through Gcash app and the user can get rewards by doing so. Buying loads from different networks (local or international) became possible too and a rebate is credited to the users who buy load using the Gcash app. If you have friends or family members worrying a lot about how to pay their bills and buy loads in a convenient way, you can register for this service especially if you are in need of additional income. It's a win-win for you and your family or friends.
Important Tips
An example of error message (or pop up)
- Do not repeat a transaction (e.g. paying bills) if an error message pops up like "Error processing your transaction." (or similar statements). Wait or verify if the transaction did not push through. I've encountered this kind of error many times before they completed their transfer to a new system. Refresh the page to know if there's a deduction on your cash or credit balance or check your email.
- Take a screenshot of all of your transactions or if there are malicious activities or changes you've noticed in your account. You can use these screenshots as proofs in case something really went wrong.
- Increase your GScore and pay using GCredit instead of your GCash balance for a safer and easier transaction, but remember to pay as early as possible to avoid high interest on your bill.
Once you signed up to Gcash, have downloaded the Gcash app and opened the app and verified your account, you can now do more transactions such as putting your money (if you've cashed in some amount) to GSave that offers 3% (it's around 4% a month before this update) increase annually and investing your money to selected money market.
Gcash also gives 50 pesos (load, cash or worth of rewards) to your account once you have referred anyone that has also created a verified Gcash account. You can apply for a Gcash Mastercard too. This card can be availed with just 150 pesos, maintaining balance is not required in Gcash but you have to use it often to avoid dormancy which may cause deductions on your balance. Gcash card functions like other bank cards.
What is coins.ph?
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| A screenshot on the coins.ph app |
Coins.ph is a financial service platform that functions like Gcash but it's leverage is the cryptocurrency conversion. If you are interested in converting your cash to cryptocurrencies such as XRP (also known as Ripple) or Bitcoin (BTC). XRP has a great future according to some crypto currency enthusiasts.
As technology advances, online transactions will be more in demand and bitcoin currencies are now famous in many online transactions. Even Microsoft accepts bitcoin as payments.
What is Coinbase?
Coinbase is another platform that focuses on cryptocurrency trading. If you are interested in investing in cryptocurrencies, you can download the Coinbase app, sign up, fund your account and start trading. Investing in cryptocurrencies such as Bitcoin is risky and it's unlike the traditional money market so if you are also new to this, but is up for a challenge, then sign up now!
As technology advances, online transactions will be more in demand and bitcoin currencies are now famous in many online transactions. Even Microsoft accepts bitcoin as payments.
What is Coinbase?
Coinbase is another platform that focuses on cryptocurrency trading. If you are interested in investing in cryptocurrencies, you can download the Coinbase app, sign up, fund your account and start trading. Investing in cryptocurrencies such as Bitcoin is risky and it's unlike the traditional money market so if you are also new to this, but is up for a challenge, then sign up now!
Learn and earn as you go on that path. As they said, experience is the greatest teacher.
You can beat that economic principle through digital currency. Online technologies have not reached their maturity stage (in the business cycle), thus investing to them now is a good decision. Invest now before they completely fall and crash (but I don't think digital currencies will crash as long as the world is still alive).
These platforms can be the answer to our problems related to sustainable development and inclusive growth.
Disclaimer: I am not an expert in this field, and I am still exploring the possibilities in the online money market. I cannot guarantee any monetary return if you'll use the mentioned mobile services.
