BUY HAND MADE TRADITIONAL INDIAN FOLK ART WITH BITCOIN
For most of human history, the only way we could exchange money for goods and services was with things like cattle or gold. Nowadays we use technology to electronically buy and sell things without needing to physically hand over any money.
We have seen the emergence of new forms of currency such as Bitcoin, Litecoin, Ethereum — all of which have gained significant popularity in recent years.
International Indian Folk Art Gallery (IIFAG) Australia officially launches the next generation of digital payment technology and allows art collectors to buy artwork using cryptocurrency from our online gallery.
We are proud to be the first online art gallery to embrace Cryptocurrencies to support Indian Folk Art and Artists.
Senthil Vel
OPPORTUNITY FOR CRYPTOCURRENCY INVESTORS TO BUY INDIAN FOLK ART WITH BITCOIN
We are excited to announce that we are open to blockchain technology. Investors and art collectors who wants to acquire traditional Indian Folk Art can now also use using their cryptocurrency for payment.
Our mission is to create an online marketplace where you can purchase any artefacts, using both traditional payment gateways such as credit/debit cards, PayPal, and all major cryptocurrencies. We believe this will create more opportunities for our traditional artists to sell their artworks
We have completed major upgrade to our platform to support Bitcoin, Ethereum, Litecoin and other major cryptocurrencies. We are now open to business.
This article is not a recommendation by International Indian Folk Art Gallery, Australia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. Investing in cryptocurrencies, is highly risky and speculative, and the markets can be extremely volatile. Consult with a qualified professional or regulatory body before making any financial decisions.
What Crypto wallet does IIFAG Australia support to buy Indian Folk Art?
International Indian Folk Art Gallery, Australia has signed up with Coinbase Wallet to operate its cryptocurrency payment gateway. This will allow art collectors to buy Indian Folk Art with Bitcoin and other major cryptocurrencies. We found Coinbase offers the lowest fees for customers. This is extremely important to provide highest value to our buyers and art collectors.
Coinbase is a large cryptocurrency wallet provider and exchange based in San Francisco. Coinbase operates with users in more than 100 countries, and customers trade approximately $327 billion per quarter. Coinbase manages a robust cryptocurrency ecosystem supporting 9,000 financial institutions.
Coinbase offers strong security through Coinbase Vaults, two-factor authentication, and its use of offline storage for the vast majority of client assets.
The Coinbase Wallet is a web-based wallet, which means you can access it from any device with internet web browser.
To open a Coinbase account and activate the wallet you will need to visit the website and sign up. The personal information that you provide includes your name, email address and password.
After submitting your application, there will be a waiting period of two days for the account verification process to take place. After that, your account will be activated and you can start using it. Here is the link to create your Coinbase Wallet. https://www.coinbase.com/wallet
Buy Indian Folk Art With Bitcoin and other major cryptocurrencies. Discover Indian Folk Art – Support Indian Artists.
Global regulatory challenges to buy artwork and other product using Cryptocurrencies
Although we still have a lot of questions about how cryptocurrencies will work in the future, governments across the world are getting on top of regulation and giving us the space we need to find out for ourselves.
We believe that cryptocurrencies and blockchain technology will be the norm in future business, including buying Indian Folk Art with Bitcoin and other cryptocurrencies. It is a more faster and cheaper way to transaction money, besides being a safe place for privacy. With government intervention, it will also be easier to adapt to this idea of a new form of currency/payment.
CRYPTOCURRENCY IS A DIGITAL CURRENCY THAT IS DECENTRALIZED IN NATURE.
A cryptocurrency is a digital or virtual currency that uses cryptography for security. The word “crypto” comes from the word cryptography. Cryptography is the process of disguising information so that only authorized parties can read it. This means the unauthorized parties cannot read, modify, or delete data in any way even if they have access to it.
The first ever cryptocurrency was Bitcoin which was created by an anonymous programmer or group of programmers under the pseudonym Satoshi Nakamoto.
Bitcoin was released as open-source software in 2009 and since then many other cryptocurrencies have been released including Litecoin, Ethereum, Dash, Monero, Zcash and Ripple.
BLOCKCHAIN TECHNOLOGY
A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information digitally.
Distributed ledger technology (DLT) is becoming more and more common, and blockchains can play a big part of that. Blockchains are chains of transactions that are secured using cryptography, and they allow anyone to write the ledgers. The best part? Your data will be kept safe – no outsiders can read it even if they wanted to.
Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions.
A blockchain is an innovative solution that guarantees data records are authentic and verifiable, thus creating trust in transactions & data without the need for 3rd party verification.
One key difference between a typical database and a blockchain is how the data is structured. A blockchain collects information together in groups, known as blocks, that hold sets of information.
Blocks have a certain amount of storage space and when filled, they are closed and link to the previous one, forming a chain of data called the blockchain.
Every new piece of information is added to the chain and becomes a part of the new block we just created. The process continues as we move through our data set.
Databases typically store data in tables, but blockchains use a different structure to better secure the data. A blockchain sequence of blocks make building a timeline of data very easy, and they can’t be altered or corrupted without changing all subsequent blocks.
When a block is filled, it is set in stone and becomes a part of this time line. Each block in the chain is given an exact time stamp when it is added to the chain.
BITCOIN AND BLOCKCHAIN
As the underlying technology, Blockchain has been around for some time, while its use within modern applications has only picked up significantly in recent years. The reason for this is that it offers a secure way to store records of transactions.
Blockchain been around for a while, but it wasn’t until Bitcoin was launched in January 2009 that blockchain had its first real-world application.
Bitcoin is a digital currency which can be sent securely to any person anywhere in the world. Bitcoin’s creator, Satoshi Nakamoto, says it is “a new electronic version of cash”. This form of money doesn’t need to rely on anyone else for transactions to go through.
When it comes to Bitcoin, blockchain is just one of the technologies utilized. But you should be aware that blockchains can store any number of data points in an immutable way.
Tens of thousands of projects are looking to have a positive impact on society, and blockchain is being used as a tool for this.
Bitcoin is a decentralized currency that can be transferred from person to person without any regulator. It is the first of its kind, innovating the way we think about currency.
Bitcoin is a digital currency that runs on blockchain technology. It has seen a surge in popularity in the last few years because it offers total control over your money to the people who use it, while also being the safest option for online transactions.
AS A CRYPTOCURRENCY, ETHEREUM IS IN SECOND PLACE FOR MARKET VALUE BEHIND BITCOIN IN DECEMBER 2021.
Ethereum is a platform powered by blockchain technology that is best known for its native cryptocurrency, called Ether, or ETH, or simply Ethereum. The distributed nature of blockchain technology is what makes the Ethereum platform secure, and that security enables ETH to accrue value.
Ethereum is an open-source Blockchain platform that enables developers to launch decentralized apps (dApps) on their networks. It uses currency like Ether, Bitcoin, to operate.
Smart contracts, which originated on the Ethereum platform, are a central component of how the platform operates. Many decentralized finance (DeFi) and other applications use smart contracts in conjunction with blockchain technology.
Ethereum allows for decentralized apps that don’t rely on any central bank or authority for their operations. It also helps developers build new cryptocurrencies and tokens without having to go through lengthy technical processes of development and maintenance of blockchain infrastructure.
What is a CRYPTO WALLET?
A Crypto wallet is a digital wallet that allows users to store and manage their Bitcoin, Ether, and other cryptocurrencies.
-
A Crypto wallet allows transfers in cryptocurrencies and the ability to convert them back into a user’s local currency.
-
Crypto wallet is a digital wallet that allows users to store, manage, and trade their cryptocurrencies. Wallet allows to manage their balances of Bitcoin, Ether, and other crypto assets.
-
Crypto Wallet charges dynamic fees, meaning that the transaction fees can be different based on factors such as transaction size.
-
Crypto Wallet has a number of security features to prevent theft, including by company insiders.
-
Crypto wallets allow individuals to store cryptocurrencies and other digital assets.
Creating an crypto or digital Wallet is free, and the account setup process is done online. Individuals must provide an email address and password that will be used to manage the account, and the system will send an automated email requesting that the account be verified.
Once the wallet is created, the user is provided with a Crypto wallet ID, which is a unique identifier similar to a bank account number. Wallet holders can access their e-wallet by logging into the Blockchain website, or by downloading and accessing a mobile application
Are you ready to embrace Bitcoin and other Cryptocurrencies to artwork?
Do leave us your feedback,
Thank you,
International Indian Folk Art Gallery, Australia
One comment for “Buy Indian Folk Art With Bitcoin And Other Major Cryptocurrencies”
52 Incredible Indian Folk Art Forms That We Must Protect in Indian Art and Culture – International Indian Folk Art Gallery
[…] was created to fulfil the needs of the community, who learned to use materials that were readily available to them such as clay, straw, wood, and […]