PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: MegaHoot, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Digital Currency Goes Mainstream On A Global Scale - One of the misconceptions about digital currency is that it’s a cloak and dagger underworld currency for illegal activity due to people being 100% anonymous - MegaTokens.com / MegaHoot.net
Digital Currency Goes Mainstream On A Global Scale

 

NewswireToday - /newswire/ - Spring Hill, FL, United States, 2013/11/21 - One of the misconceptions about digital currency is that it’s a cloak and dagger underworld currency for illegal activity due to people being 100% anonymous - MegaTokens.com / MegaHoot.net.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

As the United States Senate mulls over the viability of digital currency what most are beginning to understand is that the mulling part is a testament of digital currency being more than something in the shadows. This senate hearing comes with heavy support from venture capitalist and the digital currency community who for the past 24 months have demonstrated how viable digital alternatives can be in today’s society.

One of the misconceptions about digital currency is that it’s a cloak and dagger underworld currency for illegal activity due to people being 100% anonymous. “Whenever I hear this I have to chuckle because there is no anonymity when it comes to digital currency,” said Anthony Demetroulakos CFO of MegaHoot. In the case of Bitcoin its numbers, code are traceable, this is how the authorities were able to bring down Silk Road. It wasn’t because transactions or accounts were hidden it was because no one was monitoring these transactions, now with regulation in place it will change the monitoring part of it.

In the case of MegaTokens those are private transactions that are monitored on the MegaHoot network. This gives some assurance that members are protected against fraud or losing their MegaTokens if they should lose their mobile phone, basically providing a seamless and secure environment for members who use MegaTokens. As Bitcoin gains mainstream notoriety with the slew of media attention surrounding the digital currency, it will bring with it more transparency and regulation leading to a free flowing system that allows people globally to use Bitcoins or MegaTokens for more than digital transactions.

“We see the MegaToken as more of a commodity, the amount of Platinum MegaTokens that are mined is capped at 41 million and no more will be mined in the future. We see the strong potential for digital alternatives for transactions and believe that its only the first inning and the first batter is at the plate,“ stated Antony Demetroulakos, CFO of MegaHoot.

As digital alternatives continue to gain recognition for their value on a global scale, the demand will by default grow. As consumers of these digital alternatives feel that their accounts are safe and secure is as you will see them go more mainstream as the months go by, more vendors will accept them, more liquidity will come to the market and of course regulation will be in place.

About MegaHoot

MegaHoot (megahoot.com) is a social media network that is beyond a social network, it provides individuals, corporations, brands, sports and entertainment properties that join MegaHoots growing community with a forum that they can use to connect, market to, engage with other members in real time. MegaHoot is a free service that has a goal of giving all its members the social media tools that they need to expand their network both locally and on a global scale.

About MegaTokens

MegaTokens (megatokens.com) were created as a way for MegaHoot members to securely purchase a number of digital and non-digital products, services on the network. MegaTokens may be sold by third party vendors, there will be a list of approved third party vendors that are recognized by Megahoot.com to securely complete purchase transactions. Some third party vendors may offer to redeem MegaTokens at their own discretion, provide various physical products and services utilizing MegaTokens as payment, however all Mega Token purchases on Megahoot.com are nonrefundable.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: MegaHoot, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


Digital Currency Goes Mainstream On A Global Scale

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

MegaHoot | MegaTokens
Publisher Contact: Joseph Burke - MegaHoot.net 
352-327-3644 press[.]megahoot.net
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any MegaHoot, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From MegaHoot, Inc. / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

Societe Generale Group has Agreed to Sell the Entire Stake of Boursorama in Onvista AG to Comdirect Bank AG
Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations
Western Union Business Solutions Announce Mark Davis As Head of Australia and New Zealand
Tabarak Investment Capital and Elite Capital & Co. Limited in Discussion to Finance Projects
Consulting Magazine Unveils the Profession’s Fastest Growing Firms At Inaugural Gala
Hills Invest Signs An Agreement with The Afore Profuturo in Mexico

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)