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As money continues to become more digital, cryptocurrency payments have become huge buzz words. We recently took a look at what cryptocurrency is and how it works, and now we?re here to discuss how it differs from traditional payment forms including cash and credit and debit cards.
Before we get into the benefits of cryptocurrency over traditional money, lets quickly review what it is. Cryptocurrency, also called digital currency, is a digital coin you can send online. Digital currency represents value that is not issued by a central bank or government, but is accepted by people and merchants as a means of payment for goods or services.
There are currently more than 900 cryptocurrencies available over the internet, and new cryptocurrency can be created any time.? Bitcoin, Ripple, Ethereum, and Litecoin are some of today?s bigger players that you may have heard of.
What are the differences between cryptocurrency and traditional money? Let?s take a look at the many benefits of digital currency.
Here at Aliant, we strive to provide the latest payments technology to help merchants run their businesses effectively. We?re proud to be one of the first payment processors to offer merchants the ability to accept payments in Bitcoin, Ether and Litecoin. To get started, call us at?888.638.6103.
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