The Los Angeles Lakers’ home game on Christmas Day against the Brooklyn Nets will be a coming-out party for Crypto.com Arena, the new name for the facility...
‘s chief marketing officer, said the company is working on how it will integrate its cryptocurrency-powered payment app and other products into the venue and its other partnerships.
Given the dramatic price swings and other drawbacks, why would anyone use bitcoin or similar technologies as a medium of exchange? Possibly because crypto coins can be spent anonymously, like cash, but at a distance. That may explain why digital coins are the payment of choice in ransomware schemes and dark web contraband purchases.
Instead, they’re more like a collectible item, such as stamps, whose value is driven in large part by their scarcity. There are no analyses or quarterly reports, production forecasts or fundamental measures such as earnings per share to guide investors. Instead, they have to rely more on any evidence they can find about which cryptocurrencies have momentum in the market.
The simplest way to do that is to use an exchange, such as the ones operated by Binance and Coinbase. These are the cryptocurrency equivalent of a shopping mall, offering access to many cryptocurrencies. Typically, these sites will provide a digital wallet that acts a lot like a checking account, except that it’s secured by a personal cryptographic key instead of a PIN.
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