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More Students Can Gain Access To College Education

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The amount of time and effort students and parents put into planning, and how early they get started, are important factors in achieving access to postsecondary education. Schools play a key role in making planning resources, information and opportunities available and accessible. Educators believe that students should start post-high school planning in ninth grade or even earlier, but relatively few students report starting earlier than 10th grade.

Young adults who did not continue their education after high school were more likely than others to say they wished they had started planning earlier, and were also more likely to report that they would do something different if they could start over again. Most reported that they would go to college. Among the most helpful approaches that schools take in preparing students for postsecondary education, educators list:

– spending class time on college and career planning
– consistent, ongoing individual attention or advising
– goal-oriented personal learning plans, and
– college fairs or parent information nights

Educators working in schools that separate the responsibility for postsecondary education planning from other tasks within the guidance office gave more positive assessments of their schools’ ability to provide post-high school planning assistance for students of all ability levels. From a list of planning activities, students and young adults rate guidance counselor meetings as the most helpful (although they rate parents and teachers as more helpful with planning overall). Parents rate college campus visits, closely followed by meetings with guidance counselors, as the most helpful activity. Meeting with their child’s guidance counselor is the only planning activity that parents of General/Voc Prep students are as likely as other parents to have done. While virtually all current students report having regularly scheduled meetings with guidance counselors, only 74% report having had a serious discussion with a guidance counselor or teacher about their plans for the future. Only two-thirds of the young adults surveyed reported that their high school offered regularly scheduled guidance counselor meetings.

Discussions about access to higher education often focus on financial considerations, and many of those surveyed expressed concern about college affordability and financial aid. Nearly three-quarters of parents surveyed say they are discouraged by the rising costs of college, but very few (only 7%) say their child won’t be able to attend because of costs. Roughly one-third of students and parents say that it is likely that money will be the determining factor in whether or not they (or their children) go to college. About one half of students and fully 68% of parents say that money will determine which college they (or their children) choose. Three in ten young adults report that money was a very significant factor in determining what they did directly after high school, regardless of where in they live. Students who went on to a two-year college, technical or trade school were roughly twice as likely as those who went to four-year college to say that money was a very significant factor. Most students (78%) express a willingness to take on loans in order to pay for college. While most parents (72%) support the idea of their children incurring debt to finance college, fewer (59%) are willing themselves to take on education loans for their children. Although most students and parents report that they will need significant financial aid to pay for college, some do not believe that they will qualify for scholarships or grants to help pay for college. Parents who did not go to college and parents of General/Voc Prep track students are more likely than others to believe that saving for their child’s college education would jeopardize the family’s eligibility for financial aid.

Students who are proactive in college planning and those who have parents who are actively involved are at a distinct advantage in terms of fulfilling their postsecondary education goals. Many students and parents, however, appear to be approaching the post-high school planning process passively, waiting for schools or others to prompt their planning efforts and for information to come to them. Another key implication of these findings is that first-generation college families are in need of particular attention and resources. Students without a parent or sibling who has gone to college face great challenges in forming college aspirations and in navigating the college planning process. Every first-generation student who successfully moves on to college represents a family no longer facing this barrier in the future, so resources invested in this area are likely to reap great rewards. Some students appear to have experiences in high school that are very encouraging and supportive of their postsecondary education goals. These experiences combine a high level of proactive involvement in both school and planning by the students themselves and their parents with effective programs and resources provided by the school.

Broaden the notion of “college” and promote the idea that college is for everyone, not just a select few. College planning activities at school should include all the postsecondary education options in order to improve educators’, students’ and parents’ knowledge of and access to information about two-year colleges and technical college programs. Where feasible, separate the responsibility for postsecondary education planning from other functions in high school guidance offices to help them better assist students at all levels with post-high school planning. Provide more structure and more options for post-high school planning: incorporate planning into class time, assign students to a teacher who acts as an advisor throughout high school and schedule regular meetings, and make some planning activities mandatory. Improve post-high school planning and expectations for all students, particularly those in the College Prep and General/Voc Prep academic tracks: start planning earlier-no later than ninth grade, individualize planning activities, and include parents in the process. Help parents and students to understand the importance of being proactively involved and to identify the concrete steps they can take to stay on course.

Creating an environment of support for postsecondary education is critical. Schools, families, community members, and employers can all play important roles.

– Schools and families can send and reinforce the message that college is for everyone.
– Community members and businesses can serve as mentors, open their doors to interns, and help to coordinate service-learning projects.
– Employers can provide information and resources for college and financial planning, and provide employees with time off to attend guidance counselor meetings and visit college campuses.
– Colleges and universities can expand outreach in their local communities and invite students and parents to campus to provide as a hands-on introduction to college rather than as a recruiting tool.

Finally, better information and resources are needed to effectively address families’ concerns about the cost and affordability of college. Our analysis points to three specific steps that could make a positive difference.

– Demystify the system of college financial aid and correct some parents’ misperceptions. In particular, some parents expressed the belief that saving for college limits a family’s eligibility for financial aid. The government and colleges should make the rules they use to determine financial aid eligibility more transparent.
– Improve knowledge about student loan programs and borrowing options for parents. Families may not be sufficiently aware of available loan subsidies, and may need advice about “safe” borrowing levels for students.
– Make more need-based scholarships and financial aid available. We heard concern from students that they will not qualify for scholarships or other financial aid. Only a very small proportion of students can be at the top of any given class. Broadening the availability of scholarships will provide a practical resource to more students who need financial help while reinforcing the critical message that college is attainable and appropriate for them.

Given that a person with a college degree earns over $1 million more in his or her lifetime than a person with a high school diploma, the economic benefits to the state of improving the college-going rate are tangible.While boosting the proportion of adults with college degrees will also require improving college retention and promoting continuing education for the adult workforce, there are several concrete steps that can be taken. Students and parents readily acknowledge their responsibility for planning, but many- particularly those who are the first in their family to attend college-do not appear prepared to do this on their own. Here are our suggestions:

– Capitalize on the key role guidance counselors play in postsecondary education planning. Where feasible, separate post-high school planning from other responsibilities in high school guidance offices.
– To create more opportunities for parental involvement in planning, develop alternate schedules that would include evening office hours for some guidance counselors.
– Expand post-high school planning efforts to include high school faculty, not just the guidance office. More individual attention and more time devoted to planning is part of the consistent oversight and input that students say that they want and acknowledge that they need.
– Encourage parents’ employers to participate.
– Enlist the support of local businesses. Businesses can give students much-needed opportunities to conduct career exploration.
– Encourage community members who can provide resources – whether it’s sharing their experiences with college preparation, providing financial planning expertise, or offering to serve as mentors – to contact local high schools to offer that help.
– Get local colleges involved. These experiences provide students with a more tangible sense of what college is like and an opportunity to see themselves as college students.
– Those with resources to provide or support scholarships – individuals or corporations.
– Colleges and governmental agencies should continue efforts to clarify and publicize financial aid eligibility criteria as well as information about student and parental education loans. High schools and community/business resources can help provide the kind of individual attention that is needed by students and parents in navigating the world of financial aid. This kind of support is particularly critical for first-generation college students.

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Home Loans With Bad Credit: 3 Key Factors To Help Get Approval

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Taking on a mortgage is no trivial thing, with the debt created typically in the hundreds of thousands of dollars. For bad credit borrowers, the task of getting approved can be extra difficult, but it is worth noting that there are some mortgage providers willing to approve applicants seeking home loans with bad credit.

Of course, securing mortgage approval comes down to meeting the criteria that lenders lay down, and convincing them that monthly repayments will be made without a hitch. Happily, credit scores actually have very little to do with it, providing bad credit borrowers with a window of opportunity.

The factors relate to income and debt-to-income ratio, and so long as these matters are addressed satisfactorily, the mortgage provider is extremely likely to grant the home loan application. But what are the factors and conditions that applicants need to be aware of?

1. Bad Credit Is Not Important

The biggest mistake applicants make is to think that the credit rating they have is a hugely important factor in the approval process. It is not, and in fact only affects the interest rate that is charged. So, those seeking home loans with bad credit can feel confident of getting the funds they need.

The reality is that if the credit score is very low, the interest rate on the mortgage is going to be high. This means two things. Firstly, the credit score can affect the affordability of the deal, thus impact on the chances of securing mortgage approval.

Secondly, it means that improving your credit score can have a positive impact, lowering the interest rate and thus helping to make the home loan more affordable.

2. Securing Better Terms

Since, the scores are linked to existing debts, the best way to improve credit scores is to clear those debts. That way, the score rises and the chances of getting a home loan with bad credit are improved.

The best way to clear those debts is to take out a consolidation loan and pay them off. The original debt is replaced by a new loan, but the new terms should make it is more affordable. This can improve the debt-to-income ratio, which in turn greatly improves the likelihood of securing mortgage approval.

Alternatively, trying to clear individual debts bit by bit. This will take a much longer amount of time, and the impact is likely to be less. Remember, a down payment needs to be saved in advance of securing a home loan too.

3. Making the Mortgage More Affordable

The affordability of any loan is the crucial element in the approval process, with the debt-to-income ratio establishing whether it is or not. But since the monthly repayment sum is the key, lowering it can help make the deal affordable. When it comes to a home loan with bad credit, this may be the fastest way to making the mortgage affordable.

Accomplishing this is pretty simple. Just take out a mortgage on a longer term than usual. Extending the term from 30 years to 40 years, for example, can reduce the repayments each month by perhaps $200. And once affordability is confirmed, securing mortgage approval is a formality.

Bear in mind, however, that a home loan with a longer repayment period is going to be more expensive in the long run. The amount or interest paid over 40 years will be more than over 30 years.

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Merits of Credit Cards

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Credit cards have both advantages and disadvantages. Student cards are a new avenue of making money for the banks. They lure students into buying cards to fulfill their spontaneous cash requirements. However, this turns out to be harmful for students. They do not know which card has what benefits and thus, they do not select the right card for use. What is more, interest rates on student cards are higher than those on other credit cards. These give an easy money option for students who are staying away from their parents, in a boarding school or a student hostel. This provides a good source of easy cash in times of a cash crunch. Such cards become heavenly in times of emergency.

How to use it?

A credit card can free the holder from the headache of obtaining funds. It is a good source of all-time money. But, it is necessary to educate students which card is best for them. Student cards invariably have low credit limits. This is done to put a cap on student spending. This will make the student self-dependent and help him/her take his own decisions when it comes to deciding his needs and his wants. Normally, a student spends on books, CDs, food, clothes and electronic accessories. Student cards which are jointly issued with a parent offer two bills, one to the parent and the other to the student. This enables the parent to check the spending patterns of their ward.

Student cards are fairly easy to get. All banks are falling over themselves to issue their own credit cards to students. This normally happens with students who are joining some professional course like engineering, medical, management, etc. Students from these courses generally need cash at a short notice.

Other credit cards

There are other cards for adults, which offer many benefits to the user. Some of these benefits include no surcharge for fuel on certain petrol pumps, discounts on ticket booking on the Indian railway website, discount offers in dining at fine dining restaurants, preferential health insurance, accidental insurance benefits, discounts in film theatres, reward points on spending on the card, discounts on food at well-known outlets like Pizza Hut, Coffee Day, Dominoes, etc. Additionally, some cards also offer doctor-on-call, concierge services, cash back on paying utility bills, etc. There are a lot of credit cards from other banks or financial institutions, all of which have tie-ups with their partners through which they offer discounts to customers. Credit cards are particularly useful when we must cash at a short notice in the time of medical emergencies or calamities.

Conclusion

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How Does a Bond at SA Home Loans Work?

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SA Home Loans launched as an alternative to regular banks in 2001 and has since granted over 100 000 home loans.

Why are they such a popular alternative?  It all started when they launched in that they aggressively advertised the 2% below prime bond.

Wouldn’t you like a bond that is at 2% below prime?  Well everybody would like that, the only thing was that they couldn’t maintain that rate because their interest rates are liked to the JIBAR (Johannesburg Interbank Agreed Rate) which constantly changes.  Jibar is the average interest rate at which banks buy and sell three-month money. This rate is calculated daily by SAFEX as the average rate quoted by the various banks.

So, many people switched their home loans to SA Homeloans and were disappointed to find that they changed their rates after 3 months, but this was mainly due to lack of communication and explanation of how Jibar works.

Does SA Home Loans grant 100% bonds?

The short answer would be no.  Unfortunately they do not offer 100% bonds but only 85% of the value (in the case of a switch) or 85% of the purchase price in the case of a home purchase.

How easy is it to qualify for a loan at SA Home Loans?

Well they approach lending in a very similar way the conventional banks do.  They also do a credit check and affordability check, in line with the NCA.

So, should you go with them?  Well they do offer a good alternative to conventional banks, so why not compare them to what the other banks are offering.  Ask your originator for more details.

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Alternative Student Loan – Do You Need Extra Money For College?

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Are you trying to pay for college and you cannot get enough money from regular financial aid? Do you need extra money for tuition, books, fees, and living expenses? There are ways that you can get more student loan money with an alternative student loan if you know where to look. Here are some helpful tips for you.

First, when you are looking at your budget and figuring out how much money you need for college you should always over exaggerate. This is important because if you just assume you will be fine on what you think you need, then how are you going to deal with an unexpected expense like a car repair or trip to the hospital.

Second, with an alternative student loan you can get extra money to help you so that you do not have to work and you can concentrate on your studies. There are various types of alternative student loans out there for you and all you really need to do is talk to your financial aid office to find out what you can qualify for.

Last, when it comes to any type of loan for schooling it is important that you make sure the loans do not have to be paid back until you have graduated. They should give you some sort of a grace period after graduation before they begin to ask you to pay for your student loans. This is important because you do not want this stress while you are taking classes.

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4 Sources of Free Backlinks for Credit Repair Companies

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Getting you website to rank well for high traffic terms is not easy, especially in financial services industries. According to SEOmoz’s Search Engine Ranking Factors, three of the top 5 ranking factors are related to the links pointing to your website. Having a targeted (links with descriptive anchor text from websites in the financial service category) and diverse (links from multiple root domains) portfolio of links goes a long way towards maximizing your ranking. The problem for credit repair companies, however, is that obtaining legitimate links is difficult. Because of the negative perceptions of the credit repair industry, few webmasters are willing to link to the websites of credit repair companies forcing many to try high-risk link building tactics such as purchasing links, purchasing sponsored blog posts, or resorting to blog and forum spamming.

For sites focused on long term success, these risky link building tactics are a scary proposition because they can result in animosity towards the brand from other webmasters and even worse, a rankings penalty from the search engines. While punishments are not a sure thing, and many companies seem to be able to run in violation of search engine guidelines with impunity, being one of the unlucky ones that do get penalized could take a credit repair company from profitability to irrelevance overnight.

Instead of relying on high risk link building methods, there are a number of community driven sites where you can earn targeted, followed links in exchange for your participation. Four such sites are listed below.

AOL Answers (aolanswers.com)

Recently converted to AOL Answers from Yedda, this site functions similarly to the wildly Yahoo! Answers except that when answering a question, you have the ability to include followed links with the anchor text of your choice. You can create a profile page with links to your site.

Standard spam prevention measures are in place to prevent abuse of the system, but as long as you take the time to provide good information that is of use to the askers on the site, AOL Answers can be a good source of links and traffic.

Credit Repair BEST ( www.creditrepairbest.com )

Much like AOL Answers in premise, this site differs by having more hands on moderation and by being solely focused on credit repair topics. While the site is not as popular, this links you will receive are much more targeted.

Credit Repair Thoughts ( www.creditrepairthoughts.org )

Credit Repair Thoughts is a standard Article Dashboard site that is focused on the credit repair industry and has been modified to provide authors with more SEO benefit when compared to other Article Dashboard sites. The site is diligent about approving only relevant, high quality articles so your links do not get watered down by thousands of spammy or poorly spun entries.

BloggercizeMe.com, MarsBlogger.com, Blog.com, etc.

Built using the WordPress MU publishing platform, these sites allow you to create your own WordPress blogs on their domains. While not a substitute for having a blog on your own domain, creating mini-blogs (half a dozen posts) with links to your site helps you add links from a larger number of domains while still preserving the topical relevancy of the pages being linked from.

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Will Elrond (EGLD) Hit $300 Level Again?

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Will Elrond (EGLD) Hit $300 Level Again?
  • Elrond has been moving in uptrend for the past few weeks.
  • On September 14, EGLD reached its new all-time high.
  • It has the possibility of reaching the $300 level again.

Most of the crypto enthusiasts would have noticed the price surge of EGLD for the past few weeks. The ecosystem has initiated new partnerships and features to give a sweet spot for users. On the other hand, many altcoins are outperforming the mainstream cryptocurrencies even when the market went down.

In such an instance, Elrond is also one fine altcoin which was climbing in a bullish-trend for the past few-weeks. The price of EGLD has also reached its new all-time high on September 14 of $300.56. As of now, the current trading is 25% lower to its ATH, so investors have questions regarding its price. Will EGLD reach the $300 level again in near future?

New Partnerships And Listings

Significantly, through sharding, the Elrond blockchain protocol intends to reach extremely fast transactions. Besides, the platform bills its ecosystem as a new internet technology which includes fintech, decentralized finance, and Internet of Things (IoT). In addition, the firm says that it is capable of managing 1,500 TPS, six-second latency and low cost transactions.

The native token of Elrond is EGLD which is used for payment options. EGLD or eGold can be used to pay network fees, staking, and rewarding. The primary cause for the price surge might be the new partnershi[p with its network. In recent times, the platform has had a lot of partnerships which includes Cooper, a digital gateway provider.

Moreover, EGLD got listed on KuCoin last week, which has also driven some surge in price. Thus, Elrond has new updates frequently like partnerships, listings and so on. Keeping this as a significant update, EGLD would definitely hit the $300 level again very soon.

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Twitter Introduces Bitcoin Tipping Feature on iOS Globally

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Twitter Introduces Bitcoin Tipping Feature on iOS Globally
  • Twitter begins Bitcoin tipping features for creators on its platform.
  • Now it is available for iOS users worldwide, while for Android coming soon.
  • Twitter also plans to explore NFTs on its platform.

Twitter gave an announcement that it has begun with Bitcoin-based payment features on iOS. This would perform as a support for the creators on its platform. As a matter of fact, Bitcoin is aware globally and the firm believes that “Bitcoin operates without global barriers”, so adding features with Bitcoin would reach heights.

Significantly, Twitter uses two options for users to employ Bitcoin tips, in which the first is through a payment application. This is a menu of payment options that integrate Square’s Cash App and Go Fund Me, which allows users to send tips to a Bitcoin address.

On the other hand, the second option is via Strike. It is a Bitcoin payment application that operates on top of the Lightning Network. This network is a layer 2 service that is structured to improve transaction speed and lower the cost of transactions.

Moreover, Twitter states that the Bitcoin tipping feature is available to users who use iOS devices. While this feature will be soon available for Android users also with attractive updates. Consequently, this Bitcoin tipping feature coincides with the firm’s development on the launch of payment products to help users. These products help users to make money via the platform where some products were available for small groups of people previously.

Twitter Plans To Explore NFT

Along with the announcement of Bitcoin tipping on Thursday, the firm also stated the plans to explore NFTs. Non-fungible tokens (NFT) are digital assets that are unique and let users create digital artworks on the blockchain.

However, Twitter uses this as an option to support the creators on its platform with the plan “to explore NFT for authentication”. According to the Twitter executive, Esther Crawford, the platform helps artists who make this art by providing them with a stamp that proves their authenticity. He also states:

“People can track and display their NFT ownership on Twitter by connecting their Bitcoin wallets.”

Furthermore, the firm has announced an update on a number of new products. This plan includes the expansion of the 280-character limit on tweets, as well as a fund to support Spaces creators.

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DeFi Hack: Vee Finance Losses $35 Million To Hackers Following Mainnet Launch

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Vee Finance

One of the major threats to businesses online, not only the crypto industry, is cybercriminals’ attacks. Even though the existing networks are supposed to be safe and secure, attackers often find loopholes to exploit them in the bid to steal investors’ funds. This is not new in the online world. There have been occasions when hackers even forced companies to shut down.

The decentralized finance sector has seen a lot of growth in recent times, but the growing exploitation cases are becoming alarming. Many protocols have suffered such attacks amounting to losses to the tune of millions of dollars. The latest to record such an exploit is Vee Finance based on the Avalanche Blockchain.

Hackers stole $35 million from this protocol a few days after its mainnet went live on the host network. Before reporting this incident, Vee Finance stopped all its transactions on September 20, 2021. The team suspected questionable activities in the network and had to stop rendering services to users.

Vee Finance Lost Money In BTC And ETH

The two cryptos that hackers stole are BTC and ETH. The total number of BTC was 214, while ETH was 8,804. Checking the value of both at press time, the amount was above $35M. According to what the team revealed, the hackers targeted a particular address through the trade contract address of the protocol.

Related Reading | Will Fear And Greed Keep Bitcoin Buyers From The Halloween Effect?

As soon as the Vee Finance team discovered this exploit, they stopped rendering the contract and also stopped all borrowing and depositing functions on the platform.

However, the team hasn’t said much about the reason and how the hackers got access to the address. All we could gather is that they’re fixing the issue and attempting to facilitate a possible funds recovery from the criminals.

In its statement, Vee Finance assured users that its goal is to protect their interests, and that’s what the team will focus on achieving.

Vee Finance To Alleviate Mining Operations

The recently exploited protocol is amongst the emerging DeFi projects that aim to improve the mining features of the sector.

Vee Finance wants to boost processes such as leverage mining, liquidity mining, and transaction mining. September 14 was the day it went live on the Avalanche network. It also launched its liquidity mining feature the same day.

Like many other DeFi protocols, Vee Finance also relies on Chainlink price feeds to get real-time value for digital assets on-chain. This is part of the benefits of using blockchain oracle solutions. Five days following the launch, the protocol garnered a total of $300 million in TVL (Total Valued Locked).

Unfortunately, a few days later, the protocol lost $35 million to hackers. In recent times though, many other protocols on the Avalanche blockchain have recorded such losses.

Related Reading | Mid-Cap Altcoins Hold Onto Highs Better Than Bitcoin And Ethereum

Some of them include Zabu Finance, which lost $3.2 million to hackers, crashing its value to zero. But the Avalanche Blockchain has been growing recently, and even the native token, AVAX, is also rising in value.

The AVAX Token is rising by 10% as per the chart | Source: AVAXUSD on TradingView
Featured image from PYMNTS, charts from TradingView.com

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El Salvador’s Chivo And Bitcoin Adoption In Mindblowing Facts And Stats

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Chivo, a goat over a mountain

Why didn’t we thought of measuring Chivo and Bitcoin adoption this way? Cero anecdotal evidence. Only facts, numbers, and reports from wherever we can get them. What do we know about the Chivo Wallet’s Lightning node? What apps besides the government wallet are the Salvadorans using? Are they happy with them? Investor and blogger Kevin Rooke has a fresh take on El Salvador’s Bitcoin adoption and we’re here to summarize it. 

“I wanted a deeper understanding of how real people in El Salvador are interacting with Bitcoin, so I went off in search of other success metrics.”

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

However, since “the Lightning Network is private by design,” it’s hard to accurately measure “payment volumes and the flow of funds between various wallets and exchanges.” So, what did Kevin Rooke do? He looked everywhere else for hard data about Chivo and Bitcoin adoption. Let’s explore what he found.

BTC price chart for 09/24/2021 on Exmo | Source: BTC/USD on TradingView.com

The Chivo Ecosystem Is Growing Fast

To measure the Chivo wallet’s adoption, Rooke used the official information provided by President Bukele. Not ideal, but not uncommon either. It’s easier to get info about the Chivo Lightning node because you can check all the public info here. But wait, why is the Salvadorean government running a Lightning node?

“Just like every other participant on Bitcoin’s Lightning Network, Chivo runs a Lightning node. Since Chivo is a custodial wallet, all Lightning payments that Chivo users send to and from other Lightning wallets will transfer liquidity to and from Chivo’s node.”

Through those sources, what did the author find out about the Chivo ecosystem?

  • At the moment, “Chivo’s node has 12.7 BTC of public capacity.” Which is 1,269,941,898 sats.
  • The Chivo node “ranks 83rd among public Lightning nodes.” 
  • At the time of writing, it’s connected to 58 other channels, but this number changes daily.
  • Back to the iOS App Store and Google Play Store, the Chivo wallet remains at the top of the popularity list, “beating all the most popular social media apps like WhatsApp, TikTok, and Instagram.
  • O bet you haven’t thought about this one, “By onboarding over 1.6 million users in just two weeks, Chivo is likely the most popular Lightning Network app in the world today.

What About The Other Bitcoin Apps? Are They Popular In El Salvador?

Ok, granted. El Salvador’s government incentivizes the downloading of the Chivo wallet app with $30. That has to move the needle. However, when it comes to all the other Bitcoin apps, such an incentive doesn’t exist. How are they measuring up to other financial apps? 

El Salvador's most popular apps, September 2021

El Salvador's most popular apps for September 2021 | Source: Kevin Rooke

This infographic says it all:

  • Salvadorans are already showing strong preference for Bitcoin apps over banking and remittance apps on a national scale,” as the graphic shows.
  • To put it in numbers, “9 and 13 of the top 20 apps on the respective app stores” are Bitcoin apps. And Chivo is at number one.
  • Most of El Salvador’s banks and payment processors have user ratings of 2-4 stars,” that’s the traditional banking system for you.
  •  On the other hand, “Bitcoin related apps have user ratings of 3-5 stars.” Even though it’s still early, the facts are the facts. It should be noted that the Chivo app is at the lower end of that spectrum.

Related Reading | How Big Is Bitcoin’s Lightning Network? The Answer Will Surprise You

Besides that, Kevin Rooke identified a truth that might be obvious to some, but has to be said:

“The millions of Salvadorans that have already been onboarded to the Lightning Network aren’t Silicon Valley nerds or early tech enthusiasts. They’re regular people that are making a conscious choice to use the Lightning Network because it saves them time and money.”

And they don’t have to use the Chivo ecosystem if they don’t want to. That’s a fact.

Featured Image by Ray Aucott on Unsplash - Charts by TradingView
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Binance Adds New Crypto Trading Pairs for Its Users

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Binance Adds New Crypto Trading Pairs for Its Users

Binance, the world’s largest crypto exchange platform, is now adding new trading pairs. The users can now trade on these pairs ARPA/RUB, DF/USDT, FET/BUSD, LTC/UAH, SOL/USDC, STX/BUSD and SYS/USDT. Also, the trading pairs activate  at 2021-09-24 10:00 AM (UTC).

Binancians can trade the cryptocurrencies with listed pairs with low transaction fees in the Binance exchange. Besides these trading pairs helps the users to invest their assets on different cryptocurrencies. Additionally, Binance exchange is popular for its low trading costs which is much lower among other U.S exchanges. 

Binance Crypto Trading pairs

At present Binance exchange is trading more than 740 digital currency and fiat pairs including all top cryptocurrencies. The exchange is increasing its network by adding new coins and tokens to satisfy its users. Thus, Binancians are also happy to be a part of the exchange community to explore new trading pairs.

Unlike other U.S cryptocurrency exchanges, Binance ranks highest for its low spot trading fee of 0.1% including eToro and Coinbase. Along with trading, the users can fund their amount with fairly charges. However,  Binance offers its users a seamless trading experience through a variety of crypto assets and trading volume. 

Besides releasing new coins and tokens in the exchange, Binance also adds new trading pairs for its users. Binance currently open trading pairs for crypto assets and fiat currencies like ARPA/RUB, DF/USDT, FET/BUSD, LTC/UAH, SOL/USDC, STX/BUSD & SYS/USDT. In this  RUB and UAH are fiat currencies which do not depict any cryptocurrencies. 

Moreover, from the initial stage to present Binance have added more than 740 trading pairs and continue to increase the pairings enabling its users to trade their favourite coins. Besides, the low trading and transactions fees is the best competitive strategy used by Binance to sustain in the marketplace. 

For more information and updates, please visit:

Website:   https://www.binance.com/en 

Twitter: https://twitter.com/binance 

Telegram:  https://t.me/binanceexchange 

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