{"id":456,"date":"2018-07-10T22:17:54","date_gmt":"2018-07-10T22:17:54","guid":{"rendered":"https:\/\/www.tradeslabour.com\/news\/?p=456"},"modified":"2020-09-28T22:15:34","modified_gmt":"2020-09-28T22:15:34","slug":"what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future","status":"publish","type":"post","link":"https:\/\/www.tradeslabour.com\/news\/what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future\/","title":{"rendered":"What is Cryptocurrency and How May It Affect Your Business In The Future?"},"content":{"rendered":"<h4>What exactly is cryptocurrency and why should businesses care?<\/h4>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-1037\" src=\"https:\/\/i0.wp.com\/www.tradeslabour.com\/news\/wp-content\/uploads\/2018\/07\/bank-bitcoin-business-844124.jpg?resize=636%2C392&#038;ssl=1\" alt=\"\" width=\"636\" height=\"392\" srcset=\"https:\/\/i0.wp.com\/www.tradeslabour.com\/news\/wp-content\/uploads\/2018\/07\/bank-bitcoin-business-844124.jpg?w=1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.tradeslabour.com\/news\/wp-content\/uploads\/2018\/07\/bank-bitcoin-business-844124.jpg?resize=300%2C185&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.tradeslabour.com\/news\/wp-content\/uploads\/2018\/07\/bank-bitcoin-business-844124.jpg?resize=768%2C473&amp;ssl=1 768w, https:\/\/i0.wp.com\/www.tradeslabour.com\/news\/wp-content\/uploads\/2018\/07\/bank-bitcoin-business-844124.jpg?resize=584%2C360&amp;ssl=1 584w\" sizes=\"auto, (max-width: 636px) 100vw, 636px\" \/><\/p>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Cryptocurrency\">Cryptocurrency<\/a> is simply a digital form of currency. It\u2019s global form of currency as well in that it\u2019s not specific to any country (as of yet).<\/p>\n<p>There are various different types of cryptocurrency \u2013 the main one being Bitcoin. Bitcoin is not only the most dominant cryptocurrency, but it was the first one created, and has the first-mover advantage as a result.<\/p>\n<p>Cryptocurrency uses blockchain technology. Now this may sound complicated, but the basic premise is quite simple. It\u2019s essentially a network of different computers that all share the same ledger\/document and are able to keep track of all transactions and movements the\u00a0 cryptocurrency. The benefit of this is that there are multiple different parties that all can confirm the transactions, it\u2019s not just coming from one party. This ensures the transactions are valid and people can\u2019t just make them up.<\/p>\n<p>Now why should businesses care about cryptocurrency? As its adoption rate increases, there may be impacts that we are seeing in the work world:<\/p>\n<ul>\n<li>The use of the blockchain technology will allow many business functions to improve. The technology now isn\u2019t only being used for currency, but can also be used for operational efficiencies. Some crypto organizations are developing blockchain technology for supply and logistics solutions, securities, confirmation of employee records, and so forth.<\/li>\n<li><a href=\"https:\/\/www.tradeslabour.com\/job-seekers.html\">Employees<\/a> may begin to request or desire payment in the form of cryptocurrency from their <a href=\"https:\/\/www.tradeslabour.com\/employers.html\">employers<\/a><\/li>\n<li>Businesses may be buying or selling products\/services with cryptocurrency<\/li>\n<li>There may be a competitive advantage to using cryptocurrency compared to competitors<\/li>\n<li>Employers can offer compensation using cryptocurrency in their Job Listings<\/li>\n<\/ul>\n<p>Additionally, it is important to know that cryptocurrency is taxable just like any other currency. As well, further government regulations will likely arise as crypto grows.<\/p>\n<p>Cryptocurrency is currently in its infancy. It is quite undeveloped and much of it is based off speculation. However, its utility and benefits is undeniable and we are very likely to only see more of it in the future.<\/p>\n<p><a href=\"https:\/\/www.tradeslabour.com\/locations.html\">Contact<\/a> <a href=\"https:\/\/tradeslabour.com\">Trades Labour Corporation<\/a> today for access to our wide range of <a href=\"https:\/\/www.tradeslabour.com\/employers.html\" target=\"_blank\" rel=\"noopener noreferrer\">temporary workers<\/a> to help you out with your business.<\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What exactly is cryptocurrency and why should businesses care? Cryptocurrency is simply a digital form of currency. It\u2019s global form of currency as well in that it\u2019s not specific to any country (as of yet). There are various different types&hellip;  <\/p>\n<p class=\"more-link\"><a href=\"https:\/\/www.tradeslabour.com\/news\/what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-456","post","type-post","status-publish","format-standard","hentry","category-blog-category"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cryptocurrency | Temporary Jobs Winnipeg | Temp Jobs<\/title>\n<meta name=\"description\" content=\"Cryptocurrency is currently in its infancy. It is quite undeveloped and much of it is based off speculation. Contact Trades Labour to know more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradeslabour.com\/news\/what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cryptocurrency | Temporary Jobs Winnipeg | Temp Jobs\" \/>\n<meta property=\"og:description\" content=\"Cryptocurrency is currently in its infancy. It is quite undeveloped and much of it is based off speculation. Contact Trades Labour to know more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradeslabour.com\/news\/what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future\/\" \/>\n<meta property=\"og:site_name\" content=\"News\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/tradeslabour\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-10T22:17:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-28T22:15:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradeslabour.com\/news\/wp-content\/uploads\/2018\/07\/bank-bitcoin-business-844124-1024x631.jpg\" \/>\n<meta name=\"author\" content=\"adurnin@gmail.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@tlcvancouver\" \/>\n<meta name=\"twitter:site\" content=\"@tlcvancouver\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"adurnin@gmail.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.tradeslabour.com\/news\/what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradeslabour.com\/news\/what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future\/\"},\"author\":{\"name\":\"adurnin@gmail.com\",\"@id\":\"https:\/\/www.tradeslabour.com\/news\/#\/schema\/person\/f9ac37a84774e51ccec01d0a3afcb96f\"},\"headline\":\"What is Cryptocurrency and How May It Affect Your Business In The Future?\",\"datePublished\":\"2018-07-10T22:17:54+00:00\",\"dateModified\":\"2020-09-28T22:15:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.tradeslabour.com\/news\/what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future\/\"},\"wordCount\":377,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.tradeslabour.com\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.tradeslabour.com\/news\/what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tradeslabour.com\/news\/wp-content\/uploads\/2018\/07\/bank-bitcoin-business-844124-1024x631.jpg\",\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.tradeslabour.com\/news\/what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradeslabour.com\/news\/what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future\/\",\"url\":\"https:\/\/www.tradeslabour.com\/news\/what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future\/\",\"name\":\"Cryptocurrency | Temporary Jobs Winnipeg | Temp Jobs\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradeslabour.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradeslabour.com\/news\/what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradeslabour.com\/news\/what-is-cryptocurrency-and-how-may-it-affect-your-business-in-the-future\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tradeslabour.com\/news\/wp-content\/uploads\/2018\/07\/bank-bitcoin-business-844124-1024x631.jpg\",\"datePublished\":\"2018-07-10T22:17:54+00:00\",\"dateModified\":\"2020-09-28T22:15:34+00:00\",\"description\":\"Cryptocurrency is currently in its infancy. 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