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Day 2: Tech, Crypto & Finance: Learn It Like A Writer
Algorithm
It is the set of rules an app follows to decide what you see first. On Twitter, if you always like crypto posts, the algorithm will show you more crypto posts.
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Gas Fee
It is the small fee you pay to move your crypto transaction on the block chain. If you want to send $10 USDT, the network might charge $1 as a gas fee.
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For example, you could pay for a product using your USDT balance while the merchant receives payment in the currency supported by the transaction.
The conversion and payment processing happen behind the scenes, making the experience similar to using an ordinary Visa card.
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How Does It Work?
Someone holding cryptocurrency might have needed to convert their stablecoins into normal currency, withdraw the funds, and then use a payment card.
With this arrangement, users can spend their eligible stablecoin balances directly through the card.
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In this case, the card allows users to spend their eligible stablecoin balances through the Visa payment network.
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This means that $100 worth of USDT is generally equivalent to $100, although market conditions and fees can affect the actual value received.
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Nvidia says he was the TARGET of a foreign intelligence effort, not that he spied. The board said they have no reason to believe US security or Nvidia secrets were compromised. Huang remains CEO.
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