Why Crypto Currency?
There are now more than 3000 cryptocurrencies in existence, with each falling into one of the three major categories. Here are some reasons we think Crypto currencies are important to you and to your business:
- Secure transaction: One of the biggest gripes for both customers and merchants has always been about making a safe and secure financial transaction in exchange for their products.
- Privacy protection and business recognition: Privacy has always been a concern for the people using internet from its early days. The main proponents of crypto currency have always prized privacy and anonymity and integrity and value of the currencies.
- Decentralization: Unlike the physical currencies, their virtual counterpart is not subservient to any time of government or any specific organization. No one has ownership over it and no single individual can control it.
- Faster, cheaper, and friction-less: Payments are processed immediately as soon as the request is sent through. Still not fast enough to catch Visa, but come up right on their heels with the capability of 1,500 transactions per second.
According to expert opinions, cryptocurrencies are the future of our world. They will represent our economy much sooner than letter. Therefore, more and more e-commerce business owners are incorporating virtual currency into their business.
The decentralized system has shown only a part of the benefits it has for e-commerce businesses. That is why it is our belief the earlier you get into it, the better it is for you. And that is why accepting cryptocurrency payment is so important when you are thinking of starting an e-commerce business.