INSUBCONTINENT EXCLUSIVE:
Cryptocurrency is steadily becoming a mode of transaction in online purchases.When it comes to cryptocurrencies, many investors are
befuddled by a series of fundamental questions
While the virtual currency scenario has become a hot topic of discussion, it is still a long way from widespread acceptance worldwide
One of the main reasons for this is the use case of cryptocurrencies
Do these assets only work in a closed system, or can they be used in the real world as well? Can cryptocurrencies be used to make purchases,
in other words? Definitely
Several companies have begun to accept cryptocurrencies in exchange for their products and services, even though it is not a widely used
method of payment.Cryptocurrency is steadily becoming a mode of transaction in online purchases
The popularity of Bitcoin among big-shot companies is a noteworthy mention here.Companies that accept cryptocurrencyIf you are still
doubtful about cryptocurrency payments, it's time to stop worrying
Multinationals like Microsoft and Shopify have endorsed cryptocurrency
Other major companies accepting cryptocurrency payments are eGifter, Shopify and Overstock.Now, customers can pay in crypto coins in order
The list may not be extensive but it's a good sign that companies have started accepting cryptocurrency
However, many companies use a third-party payment processor like Bitpay or Cryptopay for such transactions
In that case, good research goes a long way before making any cryptocurrency payment.Cryptocurrency Debit CardsCryptocurrency debit cards
work just like regular debit cards, allowing you to make everyday purchases with the digital assets
Often, you won't have to worry about whether a merchant will accept the card because many of the products were developed in collaboration
with Visa and Mastercard, they can be utilised in millions of different locations.This is how they function
To begin, you must first top up your crypto debit card with the digital currency of your choice, which is usually done via a mobile app or
Then you can start your shopping.Payment ProcessorsA payment processor manages card transactions and acts as a middleman between the
merchant and the financial institutions involved
Payment processors are making it possible for many businesses to accept cryptocurrency as a payment method.
