6 topics. August 21, 2019, 9:18 pm
Govaa Forum / Tutorials / How to Get USD Coin, Stable Cryptocurrency for e-Commerce (2 Posts | 162 Views)
How to Get USD Coin, Stable Cryptocurrency for e-Commerce by admin(m) : 9:02 am On Jun 02
What is USD Coin?
USD Coin (USDC) is a type of cryptocurrency that is referred to as a stablecoin. You can always redeem 1 USD Coin for US$1.00, giving it a stable price.
For customers with a US dollar bank account, 1 USDC can always be redeemed for US$1.00, giving it a stable price.
Each USDC is backed by one US dollar, which is held in a bank account.
USD Coin is an Ethereum token, so you can store it in an Ethereum-compatible wallet, like Coinbase Wallet.
USD Coin is designed to let dollars move globally from your crypto wallet to other exchanges, businesses, and people.
How to get USD Coin
1. Create or sign in to your Coinbase account.
2. Convert USDC at a ratio of US$1.00 for 1 USDC with no fees.
3. Send elsewhere or convert back into dollars on Coinbase.
Why You Should Use USDCoin
USDCoin will be your best bet for storing your BTC, and other cryptocurrencies at a stable value.
If you receive 1 BTC today, and it is valued at $8,000 when you received it, then, in the next few minutes or hours or days, your 1 BTC may rise to $8,500 or reduce to $7,500 depending on the BTC market. Good for you if it is a rise, but, I am sure you would never want it to be a fall/reduction in value.
Since it is difficult for you to know whether it will rise or fall, the best way of ensuring you always have your $8,000 intact is to quickly convert it to USDCoin.
Hope you understand that now.
So, if you have a shop online, or want to receive payment online via cryptocurrencies, USDCoin will be a better way of storing these crypto away from volatility and fluctuations in crypto exchange rates that characterizes other crypto.
Let me hear what you think.
Re: How to Get USD Coin, Stable Cryptocurrency for e-Commerce by mary(f) : 5:38 pm On Jun 05
Wow! This is incredible. This is the best thing to happen
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