Undoubtedly, social media is such an incredible way of promoting and spreading news or products that none of the other sources can do it this fast.
Cryptocurrency is also one of the latest things that are making its way into social media. It is also gaining Fame because of the huge usage of online E-Commerce platforms. People All Around The World are making online purchases and pain through their Crypto coins.
This is giving a lot of hype to the cryptocurrency in the current days. Some years ago, people who would know or talk about cryptocurrency were only developers or finance, associated workers.
Let us give you a review on how social media has played an important role in the rapid success of cryptocurrency.
A Brief Introduction to Cryptocurrency
Cryptocurrency is a digital currency that is encrypted and decentralized. Blockchain technology is used to maintain transactions.
The blockchain technology is extremely safe and secure, and the decentralized nature of this currency makes it more trouble-free for the owner.
How Did it Start?
For initial promotions of Bitcoin, Nakamoto formed an email list that consisted of 2000 subscribers so that they can become active on forums such as Bitcoin Talk. Bitcoin was published in 2008; however, the first transaction through Bitcoin took place in 2010 through Bitcoin talk. A user bought two pizzas for 10,000 bitcoins.
The Ways Cryptocurrencies Are Using Social Media:
Within some years, cryptocurrency, especially Bitcoin, has taken a major portion of the massive international transactions. Social media is increasing the popularity of cryptocurrency, along with a rise in price. The methods are follows:
By Providing Knowledge To The Buyers
Among the many hurdles cryptocurrency has been facing, educating the potential buyers is the biggest one. It is an art to grasp a customer’s attraction towards your service or product. For instance, a global payment blockchain, Ripple, has around a million followers on Twitter. They share significant educational content and webinars for their audience. To further extend their purpose, they have also launched their own TV show.
Creating Educating Communities
The users who are passionate about cryptocurrency have understood the benefits of using. Therefore they have initiated many chatrooms, forums, slack channels for marketing, informing, and staying connected with new and old users.
Through Different Platform Like Medium
The founder of Twitter has built another useful platform for writers and bloggers. Blogging is amazingly promoting cryptocurrency. Articles can be tagged for people’s interest, and cryptocurrency has received considerable popularity as a tag on Medium. More than 80 thousand people liked a recent article regarding cryptocurrency. A huge success!
The Ways Exchanges Are Using On Social Media:
Exchanges play a secretive role in the marketing of cryptocurrency and remain actively engaged in delivering the right and useful knowledge to the audience. Read below to know how do they do it:
Customer Alerting And Support
Exchanges stay active and alert on social media platforms to attend to their customers’ queries and other concerns. Suppose you have any concerns regarding purchasing, trading cryptocurrency, or anything related to cryptocurrency; in that case, you may visit ic markets review, and pepperstone review to get the solutions and suggestions to your queries.
Updated New Of The Industry
Another very common yet effective way of grabbing attention is the updated news availability. People follow the trends of the market and wait for even the minor changes of value. For exchanges and blockchains, it is working like wonders.
Employee Hiring And Appreciation
Everything is not concerned with the end-users. Exchanges need to hire great employees, especially when tech is concerned. Sharing jobs on social media spread engagement and awareness of the job to the people who are highly passionate about cryptocurrency and blockchains. So there are more chances to hire someone with keen interest.