Why Wild Bitcoin Prices Are Good for WPCS International
I have written a few articles on WPCS International (NASDAQ:WPCS), because it is a huge battleground stock. Its main catalyst for growth moving forward is its acquisition and development of a Bitcoin trading platform. This platform could revolutionize the trading of Bitcoin.
But just what is Bitcoin? Many readers still can’t wrap their heads around exactly what it is. In layman’s terms, it’s a digital currency. It is money. It isn’t paper; it only exists over the Internet. You can buy into it by purchasing one of a fixed number of slots in the existing ledger, either with cash or by selling a product and service for Bitcoin. You sell out of it by trading your Bitcoin to someone else who wants to buy in. The only thing you need to know is that you need an Internet connection.
Right now there are no or very low fees for trading Bitcoin, but the process is not simple. This is where WPCS comes in. WPCS is developing a fantastic trading platform that is still in beta. However, this platform will become in high demand (provided it works efficiently) as Bitcoin becomes more mainstream.
Many investors are scared of Bitcoin. This is because of all of the negative hit pieces on the currency in mainstream media, as well as reports of glitches with subpar trading platforms. But Bitcoin is simply a kind of payment system on a global scale. Any individual can pay another any amount of value of Bitcoin. If you have the money or the asset, you can pay with it; if you don’t, you can’t.