Did you know that every day, in the world, between 1,600 and 2 billion cups of coffee are drunk?
There is 65% of the people in the world who started their morning drinking coffee. Coffee it´s one of the most consumed and profitable beverages in the world. Around 7.7 million tons of coffee is produced globally per year on an area of 10.5 million hectares in more than 50 countries. These statistics are what make coffee one of the most traded grains on the stock market. In this way, the number of people interested in investing their finances in the coffee market is increasing. But how can we invest in a product that depends so much on the state regulations of each producing country? Bitcoin could be the answer.
What Is Bitcoin?
Bitcoin is a virtual currency, but this currency is decentralized, that is to say that there is no authority or control entity that is responsible for its issuance and registration of its movements. It consists of a cryptographic key that is associated with a virtual wallet, which discounts and receives payments. To use it you have to follow certain steps:
- Have an electronic wallet, you must have a system to store and operate bitcoin which contains pairs of cryptographic keys, that is, a public key and a private key.
- Download an application, the wallets can be used from computers or mobile devices as long as you have the application that has bitcoin to carry out the operations.
- Carry out transactions, transactions must be carried out with other people who have virtual wallets.
Now that you know what bitcoin is, you can start investing your finances with it. To keep track of the movement of bitcoin and any product you want to invest in, we recommend Commodities-API.
What Is Commodities-API?
Commodities-API It’s a basic Free API that gives you access to current and historical commodity rates. Among other things, the API may provide exchange rates for virtually any commodity, precious metals, single currency conversions, Time-Series data, and volatility statistics.
What Is The Source Of The Information?
The Commodities-API service collects commodity price data from over 15 reliable data sources every minute. Among the sources are banks and financial data businesses.
How To Use It For The First Time?
It’s super-fast and simple to use! Just follow these short steps:
– Log in their website.
– Get an API-key
– Choose the products (COFFEE) and currencies (BTC) you want to use.
And that’s it!