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HOW YOUR BUSINESS CAN ACCEPT CRYPTO PAYMENTS
Disclaimer: The information provided is not meant to provide investment or financial advice. Investment decisions should be based on an individual’s specific financial needs, goals and risk profile. Please do thorough research before proceeding to make any investment.
Bitcoin is well-known as a decentralized cryptocurrency. Not long ago, many people thought it was more of a joke than an investment. However, as its worth and reputation have grown, corporations of all sizes have noticed. Here’s what you need to know if you’re thinking of accepting Bitcoin or other cryptocurrency payments.
What is Cryptocurrency?
Cryptocurrency is a digital payment method used to purchase goods and services. Most cryptocurrency versions rely on blockchain technology, which was first presented in 1991 by researchers Stuart Haber and W. Scott Stornetta.
It’s helpful to know a bit about blockchain to comprehend how cryptocurrency works. Specifically, blockchain is a database that can record and disseminate digital information while preventing it from being altered. The fact that cryptocurrency is tamper-proof is what makes it so secure.
