Choosing the Best Domain Name for a Crytocurrency Related Website

Cryptocurrencies are quickly becoming one of the most sought-after trading and investment instruments. While the concept of Bitcoin was foreign to the average trader only a handful of years ago, recent statistics have shown that up to five percent of all individuals now possess some type of holding within the sector of digital currencies. This very same figure is expected to grow into the foreseeable future. It is for this reason that a handful of astute investors are establishing their own cryptocurrency-related websites in order to promote the industry as well as to turn a handsome side hustle. The first step is selecting an appropriate domain name and this process is actually a bit more complicated than it might initially appear. Let us look at some expert tips as well as why partnering with a reputable e-commerce provider is an excellent choice. 

Common Sense and Syntax 

There is no doubt that cryptocurrencies represent a rather complicated subject. However, this does not dictate that a domain name should be equally confusing. The best website names are those which are easy to remember and that provide a visitor with an overview of what the portal provides. Specificity also plays an important role. Let us examine two fictional examples of domain names associated with the same cryptocurrency firm: 

• http://bit.ly/2SMU4xQ
• www.londonbitcoins.com
  

The first example is rather generic in nature. While there is no doubt that the site is involved with trading digital currencies, what does it specialise in? What audience does it cater to? 

The second domain name is much clearer. Not only does it immediately stress the fact that Bitcoins are the primary interest, but it also has specified a location. This helps visitors to know what is in store and perhaps more importantly, the name will rank higher within a Google search thanks to such a descriptive nature. However, those who wish to buy domain names that can leave a lasting impression have another option at their disposal. 

Leveraging the Tools of the Trade 

It can be tough to find a suitable domain name. The registration process may be even more daunting; particularly for those new to the industry. This is when the power of Shopify comes into play. The entire search and registration is made simple and results can be displayed in a matter of seconds. Assuming that the name has been chosen and confirmed, it is then possible to fashion an entire website without requiring a third-party IT specialist. From cross-channel marketing capabilities to more than 70 payment gateways and unlimited bandwidth, there are no limits in regards to growth or flexibility. 

Marketing your new online store properly is essential to the longevity and scalability of the business. Whether it’s cryptocurrency marketing for a crypto related store or digital marketing in general, choosing the right domain name can significantly improve your chances of success.

The cryptocurrency sector could very prove to overtake the Forex industry in the years to come. This is why those who are able to remain one step ahead of the game should enjoy success in the future. Establishing a well-balanced and informative digital currency website is an excellent place to begin. As a result, the power of modern domain names cannot be denied.

Check out the video below for Ecommerce sales success tips

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How Blockchain Will Influence the Ecommerce Industry

The blockchain technology has revolutionized the financial transactions in the last few years. 2019 is going to be the year when this technology will influence the e-commerce market to a great extent. The fact that every transaction that you do with cryptocurrencies will be recorded and will remain unchanged is something that most of the online business owners are trying to shift to.

There is no doubt that the e-commerce industry has made lives more comfortable for everyone when it comes to shopping. But there are some drawbacks as well in this almost-perfect industry. Problems like data security, supply chain management, payments, satisfied customers, efficient management systems, and satisfied retailers are on the rise. Experts are of the opinion that there can be one solution to these array of problems; and, that is the introduction of blockchain technology. Here’s how this technology will benefit the e-commerce market in the years to come.

1. Faster transactions

When you buy anything online, you have to go through so many steps before the payment confirmation takes place. What if there is a disruption in the internet connectivity when you are making the payment? Neither the order is booked nor do you get the payment back in time. In fact, traditional payment processing systems involve almost 16 steps and an additional 2 to 6% processing fees for the payment. The number of steps is so high because there are numerous parties involved in the process. This not only makes the entire process complicated but increases the risks of a data breach. That is why you will see customers being duped because their credit card details got compromised.

Blockchain technology has the power to stop these issues once and for all. Since this technology is based on a single network, it will eliminate the need for relying on the other intermediaries. It will also increase the transaction speed, provided you have considerably good internet connectivity. Your transaction will hardly take 5 seconds to complete and that’s the beauty of this technology.

2. Secure payments

Blockchain-based currencies are far more secure than any other online payment method. A recent statistics of 2015 shows that there were more than 100 billion transactions with debit and credit cards that valued over $5.72 trillion. The sad part is, almost 31.8 million citizens became victims of credit card fraud. This is the kind of drawback that the traditional payments still have. The confidential information like credit or debit card number, the CVV number, the account password, and similar other information gets compromised and people are losing money left, right, and center.

On the other hand, if blockchain currencies are used to make the same transactions, there is a sense of security. The cryptocurrencies that you will be using are more like cash than anything else. If you have used mobile wallets, you will understand how easy the transaction process is. You don’t have to provide any sensitive data like CVV number or credit card number. Since every wallet will have a unique code generated for the specific user, it becomes next to impossible to become victims of credit card frauds or online banking frauds.

3. Transparent market

There have been many reports against a top-rated online e-commerce website about their failure to offer transparency in their dealings with the merchants. The sudden disruption in the contact between the seller and the consumer and also disabling the merchant’s page without any explanation started a wildfire among the merchants and the consumers.

Transparency has fast become the “watchword” for blockchain based e-commerce platforms. The idea is to facilitate the online transactions between the seller and the buyer in a transparent manner so that the buyer can know what exactly he/she is paying for. Some of the leaders in the industry have already opted for this technology so that their dealings with the customers are more satisfactory from both ends.

4. Improved order fulfillment

The best part of blockchains influencing the e-commerce platforms is that every block is linked to the previous block. This helps to create a chain of blocks that are not only secure but also transparent. So, when you add an item to your cart and proceed to check out, you have to provide some of the shipping details. Due to the presence of the blockchain technology, it will generate a block that is already secured. Again, when you make the payment, your payment information is generated in another block. This block is linked to the previous one. Finally, when the seller receives these two blocks, he/she will ship the order and a third block will be generated that the order was fulfilled and shipped. This creates a more secure order fulfillment that is much better than the traditional format.

Blockchain will have a massive influence on the e-commerce market in the years to come. It is time to see what other features are added to make the platform a better place for both buyers and sellers.

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MGO Set For a Positive Uptrend as Game Devs Favor it as a Currency of Choice.

Over the course of the last few weeks, game developers and publishers that utilize the Xsolla platform have begun to rely more and more on withdrawing the profits that they make directly in MobileGo (MGO) tokens rather than in fiat. It’s important to note that Xsolla supports multiple assets and payment systems. So, why the sudden rise in MGO’s popularity among game developers and publishers that utilize the Xsolla platform?

Where the action is taking place.

Before we dive deeper into MGO’s rise in popularity, it’s worth looking into what Xsolla is and what makes it unique. Xsolla started out more than a decade ago as a platform that allowed players to acquire in-game items using fiat currencies. Over the course of its existence, Xsolla has grown to become a powerhouse in the gaming industry. The platform currently has a turnover of close to $100 million per month, accommodates half a billion users from over 200 countries, granting them access to over 500 games and 100 different currencies, alongside MGO, which can be taken advantage of through 700 payment systems, and processes over 40 million transactions on a yearly basis. In essence, Xsolla is a gaming industry company which provides game publisher and devs access to billing, payment, game distribution, and marketing tools.

While the platform supports MGO and over 100 other currencies that can be utilized via it’s 700 various payment providers, withdrawals from the platform are only allowed to be carried out in two currencies, fiat or MGO tokens. With the latter seeing growing popularity when it comes to cashing out earned funds. Which spells awesome news for the MobileGo project and demonstrates rising demand for MGO tokens.

Who’s using MGO today?

Currently, over a dozen different teams are actively converting and cashing out their profits through the use of MobileGo tokens via the Xsolla platform. So far, the volume of MGO being moved comes close to a quarter million dollars on a regular basis. It’s expected that more teams will come to favor operations involving MGO tokens opposed to fiat as MobileGo’s popularity and global awareness rise. Thus, it’s quite likely that MGO will account for close to 30% of Xsolla’s monthly volume in the very near future. As mentioned previously, Xsollas monthly turnover inches close to a whopping $100 million.

Let’s dive into further detail as to why teams and game devs prefer MGO over other options.

 

Why MGO is the currency of choice for game devs.

Generally, when it comes to fiat currencies, it takes game developers and producers quite a bit of time to actually receive the money that they earned through their hard work. It’s not at all uncommon for this process to drag out and take weeks or even months on end. In addition to the occasionally huge time frames, it’s necessary to take into account that contractors, salaries, and equipment need to be paid off as well. Add the hefty transactional fees and commissions that accompany all fiat based operations on top of the waiting game and you’ve got game developers walking away with way less than what they earned and deserve.

In contrast, utilizing MGO for payouts is way faster, cost-efficient, secure, and simple in comparison to other commonly used payment methods. Once funds are received, the withdrawal process is as easy as making a few mouse clicks, requires little tech know-how and you’ve got your funds in no more than 20 minutes. The best part? No pesky fees and commissions. MGO tokens can be sent to most cryptocurrency wallets that support Ethereum based assets. However, many prefer to withdraw MGO directly to crypto exchanges, primarily to behemoths Bitforex and Bitfinex.

Once the MGO tokens are withdrawn, users are in full control over their assets. They can convert them into popular cryptocurrencies such as Ethereum, Bitcoin, USDT on exchanges that support MGO tokens or swap them directly for fiat currencies.

 

What the future holds for MGO.

Over the course of the last year, MGO tokens have been gaining traction and seeing increased popularity on from game devs and cryptocurrency enthusiasts. The tokens volume has been steadily rising alongside the projects overall market capitalization ($25 million as of the time of this writing), and the currency is being relied on more and more on a daily basis by developers the world over.

This undeniably sets a precedent and paints a bright future for both the MGO and Xsolla ecosystems. As the token comes to see increasingly more demand from game devs for taking hold of their profits, it’s expected that the tokens price will continue to rise. The value that MGO tokens currently hold is built on actual money flow, use cases, and real-world applications within the thriving gaming industry, which together with MGO continues to gain momentum and expand in popularity and worth on a daily basis.

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