Published by FrankNez Team.
In the process of rapid development of information technology, new tools of economic management appear every day.
The economies of most countries are improving and developing, and people are always looking for something better and more convenient.
This led to the emergence on the market of an analog of traditional currencies – cryptocurrencies.
Cryptocurrency is based on blockchain technology, i.e. data encryption.
Such currency does not have a physical form but exists only in electronic form.
Its main characteristics are security, anonymity, and decentralization.
Crypto provides a convenient and fast way to conduct anonymous transactions with a high level of data protection, without the participation of banking institutions and paying a fee for payments.
Currently, there are about 2,000 cryptocurrencies in the world, but the most valuable are Bitcoin (the first cryptocurrency), Litecoin, Ethereum, Peercoin, NXT, etc.
Characteristics of Several Varieties of Crypto Business
Blockchain technologies are developing at an astonishing pace, creating a favorable environment for entrepreneurs who want to start their own cryptocurrency-related business.
There are many promising opportunities in this area today.
For example, you can earn on getting a guaranteed return on investments in the most reliable and popular currencies, such as Ether and Bitcoin.
And since their emission is strictly limited, the only way to satisfy the payment demand will be an exchange rate increase.
You can also organize your own mining and hand over the mined cryptocurrencies, receiving a reward for this.
Some consider it profitable to invest in the so-called future ICO projects, engage in trading, or earn on inter-exchange rates.
Another type of crypto business is staking.
This is an effective way to get passive income from digital currencies based on the PoS algorithm.
For earning money, you just need to keep coins in your electronic wallet.
Having a wallet with coins will allow you to take part in the mining of crypto assets.
Stakers generally make an income from supporting blockchains based on Proof of Stake.
Pay attention that if you have crypto, it can be transferred to third parties at a percentage.
This is called landing.
This is another type of crypto business popular today.
Related: How to Invest in Cryptocurrency for Beginners
Benefits of Getting Transcription Services for Crypto Business
No matter what kind of crypto business you are involved in, you certainly want to make it better and even more profitable.
This is possible through the use of quality transcription services.
By documenting business audio and video files through transcription, you can get the most out of their content.
This explains why many crypto business owners perform audio-to-text transcription to back up their logs, relevant industry news, and other statistics.
By visiting a reliable transcription website and getting audio to text conversion, your business will enjoy a number of favorable benefits, including the following:
- Achievement of established legal or regulatory goals;
- Assistance in backing up critical business data;
- Transcription of advertising audio content for delivery to customers or publication on the Internet, etc.
List of Best Transcription Services for Crypto Business
If you want to get high-quality audio transcription online, pay attention to the list of the best transcription services for crypto business:
- Transcriberry. This transcription service rightfully takes first place in our ranking of the best transcription services for crypto businesses. Its uniqueness lies in the fact that it combines automated and manual transcription in order to provide customers with the highest quality services. Using the service is very simple. You just need to upload your audio or video file and start converting it. The powerful voice-to-text software generates online transcriptions within minutes, and professional human transcribers perform subsequent editing to ensure high transcription accuracy. Transcriberry creates editable Word, TXT, SRT, etc. files. You can download them immediately after the decryption is finished;
- Amberscript. This is also one of the advanced platforms that provide audio and video to text transcription services. It supports 35 languages and has one of the most advanced voices recognition AI. Therefore, high-quality decoding is always ensured. You can improve the quality of the decrypted text even more if you use the editor available on the website. You can add timestamps and use other available features there. It is possible to export text to one of the popular formats such as Word, TXT, JSON, SRT, VTT, etc.;
- Rev. If you don’t have the time or energy to type the text of your audio recordings yourself, you can use the Rev. This service will do everything for you. The process is very simple – you upload the audio to the site, pay for the services and receive the high-quality transcription by email. Pay attention that the service is very reliable and safe. Your recording will not be decrypted by a computer but by real people. If you are dissatisfied with the quality of the services provided, you can always request a refund. The price of the work is about 1 dollar per minute of decoding. The waiting time for completion of work is from 24 to 48 hours. In some cases, the price and terms are too high and many crypto business owners are looking for other services on the Internet;
- Sonix. This service makes transcription of audio and video files as quickly, efficiently, and safely as possible. Sonix is regarded as one of the best automated transcription services. It uses the latest AI technology to create the most precise automated transcriptions on the market. Word error rate is a typical metric for assessing accuracy, but features such as Sonix Custom Dictionary allow users to make custom dictionaries and improve accuracy even further;
- Vocalmatic. This automated transcription service is great for journalists, podcasters, students, crypto business owners, etc. It works on the basis of speech recognition technology that analyzes the recording second by second, determines which word was spoken each second, and stores each word in the transcription. After the process is completed, the computer issues a set of words that have been recognized. The most significant advantage of Vocalmatic is that you can actually reduce the time it takes to transcribe an audio or video file into text manually. As for the pricing, you can choose from three packages available depending on the required decryption time: minute packages (30 minutes for $8 USD); hourly packages (3 hours for $36 USD); high volume packages (25 hours for $199 USD);
- Transcribe. This service provides instant transcription immediately after you upload an audio or video file to the site. There is nothing easier. However, the result will not be perfect at all, so editing and proofreading will still be required. With the Transcribe editor, you can time-stamp your finished text, listen to recordings at a slower speed, and correct passages that are incorrectly recognized by the service. Transcribe is free to try, but you’ll need to buy a subscription for $20 a year to use the service regularly. For additional features like machine transcription and automatic time codes, you will have to pay another $ 6 per hour. The service is in English, but supports many other languages;
- RealSpeaker. This is a very effective tool for users who want to decrypt audio tracks and video files. The converter runs in a browser and supports English. The principle of its work is simple. You select the source file, upload it to the service, and click the “Transcribe” button. After a while, a window with decrypted text will open in front of you. It will require proofreading and editing. Pay attention that the service is paid, so you will have to pay for text decryption of files longer than one and a half minutes. However, the site does not prohibit uploading several short passages at once, so you can get around this restriction if you have patience;
- Speechlogger. This online service can recognize language and instantly convert it to text. You can save the finished document in .txt, .doc, and .srt formats, upload it to Google Drive, send it by email, or print it out. No registration is required. The service also provides the ability to decrypt audio and video files recorded in .aac, .avi, .m4a, .mp3, .mp4, .mpeg, .ogg, .raw, .wav, .flac. But this feature is included in the Premium package and is paid for.
Related: List of 4 Best Crypto Exchanges for Beginners
Conclusion
So, summing up all of the above, we should indicate that many people think about building a business on cryptocurrency as digital money is becoming more common today.
There are many effective ways to do this, some of which have been described in this article.
But in order for any crypto business to be more efficient and bring you maximum profit, you should think about using transcription services.
On the Internet, you can find many services that offer high-quality transcription of audio and video into text.
You can choose reliable transcription websites yourself, or you can use the list above.
All services from our list are distinguished by their reliability, safety, and quality of services provided.
The first place in the list is taken by Transcriberry, as it is considered the best today.
Visit it and bring benefits to your crypto business already today!
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