Technological advances in the creation of cryptocurrencies or virtual money worldwide are setting guidelines for changes in economic and financial decentralization; These monetary changes have their antecedents in the financial crisis of the USA in the year 2007; this economic impact of the world, leading to the search for new projects and inventiveness of human intelligence in generating virtual money or cryptocurrencies; using as means of obtaining compact equipment and integrated equipment with internet networks with processors capable of processing data mined by blocks.
This new global financial-economic model that came out of nowhere has no regulations or government backing; legal, economic or financial; this money is not linked to any physical currency they are only digital, this means that they can not be considered as legal tender money, however they are used more and more in real life, to make payments of goods and / or services and for investment. The volume of economic and financial transactions of these digital currencies is growing rapidly and their values are fluctuating.
These electronic transactions generate a taxable accounting fact that must be recorded in the accounting of companies or businesses, around my professional accounting / financial area there are gaps and discrepancies regarding the accounting classification of the cryptocurrencies; since until now there is no specific guide in the International Financial Reporting Standards (IFRS) or US GAAP (for acronym in English) on the accounting treatment despite accelerated use.
While the riches of legal tender money is true; it is in the hands of few people worldwide; this makes it possible to experience resistance to changes in this monetary advance of the cryptocurrencies.
What would happen with this new happy revolution; with our money, assets and investments?
We would perform all our monetary transactions ourselves we would verify our records without authorizations, without restrictions; we would make investments not actions but in tokens from our computer or computer at a national and international level and without intermediaries at low costs in a public and anonymous way at the same time.
What is BitBoost (BBT) to which it refers?
I can say that BitBoost is a project designed from a commercial electronic platform based on the Ethereum currency (BBT); It was carried out by multidisciplinary experts sponsored by organizations that support it; this recently launched implementation is in beta testing period; they are aimed at companies or businesses so they can carry out their economic transactions for the purchase and sale of goods and / or services and for investment with cryptocurrencies within the private network invested in tokens, this gives a right to pay or to give some data; this is similar to the shares invested due to its architecture a block reduces the rate of 1 American USD; this new investment tool in the market promises learning; this BitBoost platform uses the blockchain technology (accounting record) of the Ethereum cryptocurrency to present and allow the transactionality of digital monetary assets. BitBoost offers to operate under the compatibility of several operating systems existing in the market and has more than 20 languages guarantees the transparent public registry of operations, even accepts suggestions and guarantees the discretion of transactions.
What tools do you need to sell online in an online store?
Before creating an online store it is required to make the plans of the digital marketing that is to say to have the defined objectives the strategies and the diffusion and the marks. In addition we must know the strategies of the competition.
We must establish an analysis prior to the sales projections compared to the costs and determine if the cost / benefit ratio is acceptable or not to invest in an online business; since the costs of an online business up and running your initial investment is high.
- Designing a web page and the virtual catalog.
- Know the rules and legal, commercial, monetary regulations of the country where the store will operate.
- Adaptation to the page of protection of confidential data computer security.
- In order to be successful in internet sales, you require searches and follow-ups in google.
- Electronic mail. The store or business must be on social networks
- Electronic payment system for purchases and sales through: bank transfers, paypal , credit cards, debit, bonus and Bitboost in Ethereum currency , expedition product and delivery
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This platform addressed to the commercial block chain of the Ethereum currency presents significant variations of the fluctuations of the BBT currency. This monetary system with the BitBoost platform is considered a key step towards the future financial market with accounting record technology in growth and improvement of the platform in the system consolidating the records of new digital transactions different from the existing ones that are made with BTC and ETH.
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How will you get the initial investment to be part of the BitBoost community?
According to the understanding is that this platform will receive the investments of companies and businesses will change their US dollars by Ethereum (BBT) this new concept of digital economy subject to the investment that will make the companies is established in Tokens unit of value issued accepted by the community almost they all sit blockchain Ethereum.
What will this Bitboost platform (BBT) contribute to companies or businesses?
This platform with advanced blockchain technology will allow companies or businesses to carry out commercial transactions in the world of cryptocurrencies. Ethereum offered at the launch of its discounts in USD in percentages according to the date of its launch programs.
The company that I place as a demo is a company dedicated to the marketing of perfumes for ladies and intimate clothes of a brand that is recognized worldwide. It already has an established online store. It only needs to enter Ethereum investment. It requires a contract with the Bitboots platform and comply with the conditions established in the platform for both parties. This company will have a new modality of monetary transaction that will allow it to obtain economic equilibrium and at the same time it will make corrections of the faults or omissions that can occur with the use of bitboost platform, this being normal factors in automated systems during testing periods.
It will offer the investment opportunities and the determination of the ROI. "Return Over Investment corresponds to the benefit obtained by each monetary unit invested in the economic activity during a period of time and will be able to analyze the viability of its commercial project and measure its success.
This innovative platform; could generate uncertainties to the impacts of the decentralized and influential globalized economy in the global monetary, economic and financial market, for what I consider as financial analyst and indicated that this platform promises to be the great global challenge to the new digital economy and depends on the execution, control and evaluation of this valuable digital monetary project can obtain successful results of large participation and large-scale business monetary distribution in a publicly secure free form while being anonymous and therefore the impact could generate the approval or not of the support and the legal establishment of governments, bankscentrals and stock exchanges consolidating the Ethereum. in the world monetary system.
Thank you for your attention!
@originalworks contest
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