What Cryptocurrency Can Mean for Businesses, with Joshua Dewitt of CoinLion

Cryptocurrency is a rapidly evolving industry. To most business people, cryptocurrency still seems like some mysterious system of money. Joshua Dewitt, the co-founder of CoinLion joins Talking Business Now host Kelly Scanlon to explain what cryptocurrency is and what it can mean for business. CoinLion, a new cryptocurrency exchange and portfolio platform, aims to do change the emerging cryptocurrency market as E*Trade and others changed the day trading game. CoinLion users join a community of cryptocurrency experts, which empowers its members to create and share portfolios, offer trade strategies, and share research they need to make highly-informed decisions. This ensures the sustained health and strength of the community as it continues to grow. A native token, LION, can be earned and spent within the platform, based on member contributions and needs within the community. LION will be used as the currency that rewards and incentivizes member contributions to the community, and also serves as payment to access these valuable assets. Specifically, Josh discusses: How he got interested enough in cryptocurrency to quit his job and found CoinLion.The disconnect between the modern financial world and the emerging cryptocurrency exchangesHow cryptocurrency works.Some of the industry challenges such as transparency, the need for standards and other issues.Ways businesses can learn more about cryptocurrency and begin using it.Banks and major financial institutions adapting to the emergence of cryptocurrency.The biggest challenges investors and crypto traders face to make cryptocurrency mainstream. Learn more about your ad choices. Visit megaphone.fm/adchoices