Author Topic: The main advantages of connecting cryptocurrency payment systems  (Read 424 times)

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Among the main advantages offered by opening a merchant account to accept payments in cryptocurrency, financial technology specialists say:

❖ No need for intermediary banks that slow down the receipt of funds to the company's account;
❖ Work in a non-stop mode. Unlike the banking system, bitcoinomics works without holidays and weekends;
❖ Minimal commission for transactions. Commission for transactions with bitcoins is fractions of percent, which is several times lower than transaction fee with credit and debit cards;
❖ Simplicity and availability of cross-border payments. Opening a merchant account to accept cryptocurrencies is a real opportunity for small e-commerce companies to go international;
❖ Absence of a single digital bank and, as a consequence, control over transactions and restrictions on payments;
❖ Protection of personal data. Blockchain technology ensures the confidentiality of information about the wallet owner, which virtually nullifies the likelihood of fraud;
❖ Increasing popularity of mining. The open code of algorithm allows every user, possessing a computer with necessary capacity and special software, to mine cryptocurrency;
Irreversibility of transactions. Transactions made through a merchant account in cryptocurrency do not imply the possibility of a chargeback, unlike payments using bank cards;
Possibility to convert into fiat currencies.


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