Back in the year 2008, a global economic catastrophe brought the world economy on its knees and completely toppled the trust of investors from the centralized financial system. Greedy capitalism had made the entire world pay and it was a great time for something as unprecedented as a new concept that puts back the control of money in your own hands to evolve. That’s what the white-paper that was written by Satoshi Nakamoto, the father of decentralization and cryptocurrencies brought for the world. There was a significant turn-around in the way people had started seeing money ever since then. From ordering a pizza with more than 20,000 to 30,0000 BTC due to its low fair-market value to witnessing an exponential rise in demand of cryptocurrencies as their prices skyrocketed with people understanding its potential.
Economic shockwaves at the epicenter of a global pandemic triggered at the Wuhan market in China have put the world economy in disarray. With 1.12 billion people forced to live in extreme poverty owing to considerable job losses, people are staring at their savings and counting on them for sustenance. But the sad part is that even savings are getting diminished with the problems like global lockdowns, fewer business opportunities ravaging corporates and businesses, and diminishing job openings to accommodate rising skill supply.
There have been positive sentiments returning back in the favor of BTC as 1 BTC to INR/US$ has been skyrocketing and reaching to the moon in October. Investors who had been ravaged by the crypto ban in India likely see opportunities on the investment horizon after the ban lift and BTC recovering by 6.5% since October 2, 2020, to reach $10,500 and with the likely swing around, an $11,000 mark is highly expected by the end of October. The reason to analyze the trend was to highlight the growth of Bitcoin business in India and you must have a strong Bitcoin business plan to sustain in this challenging coronavirus period. PCEX Member, a crypto-broker in India has launched a trading business plan via a franchise model where you can earn regular returns by bringing liquidity to the exchange. Let’s look at the three models under which you can associate with PCEX Member and drive income for sustenance.
Ethereum is a blockchain-based computing platform that enables developers to build and deploy decentralized applications (Dapps)—meaning the ones not run by any centralized authority. You can create a Dapp for which the users of that particular application are the decision-making authority.
The cryptocurrency market is showing bullish trends lately with high returns happening in cryptocurrencies encouraging individuals to trade for better benefits in a market slowed down by the CoronaVirus pandemic. In the times, when plenty have lost their jobs and they are looking for real-time earning solutions, crypto-trading nevertheless ends up as the best option to create a passive income portfolio. But before you deep dive into the world of trading, it is necessary to have the right acumen revolving around stocks, bonds, forex, and a limitless zeal to learn new things. So, it wouldn’t be an understatement to say that working as a sub-broker franchise can bring benefits for you.
The scope for trading in cryptocurrencies has strengthened in India because of immigrants, finances, and government policies favoring the trade-in 2020. During the COVID-19 crisis, a significant amount of remittances have bolstered Indian finances but high transaction fees have given opportunities to the cryptocurrencies to simplify cross border-trading and instant settlements. That said, bitcoin trading platforms have seen a significant rise lately with a few of the exchanges witnessing a 545.56% rise this year. With newly registered users sky-rocketing for undertaking trading, the need for the crypto-broking franchise in India is likely to rise and it could incentivize whosoever wants to end up as the crypto broking franchise. That brings us to question who is a crypto-broking franchise?