Convenient payment methods for crypto
Paying for goods and services with cryptocurrency, which is not controlled by the existing banking
system and is not taxed, has a large number of advantages. So, paying with crypto is…
Profitable - low commissions guarantee the benefits (their amount depends on the load of the blockchain
network). The commission, unlike payment by bank payments, is not calculated as a percentage, but is
charged in the form of a network commission and at a cost much lower than when paying with a card;
Fast - transactions are carried out in a continuous mode, so that funds are credited to the seller's
account as quickly as possible, and only the need for conversion or the presence of a queue in the
blockchain can slow down the process (it is worth remembering that with a significant number of
transactions, payments with a higher commission are in priority!);
Safe - when using cryptocurrency as a means of payment, complete confidentiality is maintained, since
transactions are made anonymously; information that would allow identifying the buyer is nowhere to be
found, and it is almost impossible to hack the security system with cryptographic encryption. The
security rules for storing cryptocurrencies were discussed in the article;
Simple - thanks to the decentralization of cryptocurrencies, international settlements are simplified,
since there is no link to the monetary policy of individual states;
Convenient - transactions in cryptocurrency are made online, and they can be carried out at any time and
in any place where there is a network.