3% of income every month doesn’t seem like a lot of money, but we still spend that money for no good reason. Banks charge us fees, interest rates, and a lot more, all of which can sometimes get unnecessarily high.
Now, why would you want to squander money this way, if you can get a similar service that won’t cost you 3% of your income? We are naturally talking about cryptocurrency, which doesn’t involve any of the fees and rates the banks charge.
This article illustrates why cryptocurrency is better than cards and how you can benefit.
The Rise of Cryptocurrency
There’s a lot to be talked about when it comes to cryptocurrency, and it would take us a long time to do so. We’ll focus on its growth as we believe that most people already know how cryptocurrency functions. If you don’t, this article might prove helpful with that.
Cryptocurrency came to be in 2008 when Bitcoin arrived. Over time and with the success of Bitcoin, other copycats came into existence as well. Now there are well over two thousand cryptocurrencies which you can purchase, sell, and trade.
However, just a handful can be profitable and a vast number of crypto users use only these. Bitcoin is still the dominant one and currently holds about half of the entire crypto market. The estimated value of which sits at around $180 billion.
Many of these cryptocurrencies, but mostly Bitcoin, are widely used all across the globe, and many online shops offer Bitcoin or Ethereum as the payment method, in addition to the regular ones.
But why is this important for you? If you have an online shop, we highly advise to include at least Bitcoin as the payment method. Why?
It’s completely safe, unlike any other method due to multi-level encryption that secures each transaction.
It’s completely decentralized. No single entity or bank controls cryptocurrencies, especially Bitcoin. That’s all thanks to the wonders of the blockchain.
Because paying with Bitcoin involves the lowest possible fees compared to all other payment methods. Each transaction costs only between $0.3 and $1 because they process quickly.
What Is a Crypto Wallet?
If you want to receive Bitcoin or other crypto payments, you will need to have a wallet. There are several options online, and the only thing you need to do is download a wallet from them. The next thing that you need to do is set up to receive addresses to which your customers will then send you digital currency.
Whenever you then receive payment in Bitcoins, for example, you only need to exchange it for the real currency of your choice.
The whole ordeal is very simple as you can see, and if you want to set up an entire shop that includes cryptocurrencies as a payment method, you don’t need to look any further than DG1 centralized system.
Tags: crypto, cryptocurrency, credit cards, bitcoin