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Why Crypto Is The Best Payment Method
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[QUOTE="Shaf, post: 229617, member: 25467"] As a means of exchange of value, cryptocurrency still has a long way to go due to challenges it has. It may have solved some problems associated with fiat transactions but it is not perfect itself. The volatility can especially be worrying to merchants. Imagine you get paid 1 BTC as a price of $35000 which then drops in value to $32,000 when you receive it a few hours ago. It's okay if you will still use the same form to make payments but if you need to concert it to fiat to carry out other transactions, you will be running at a loss. This is not helpful for small traders. Another one is transaction fees. Some coins have it low, like Litecoin and Dogecoin, but coins like Ethereum have really high transaction fees. Also, not everyone is honest, and if you get cheated on a transaction with someone you don't know, there's no way to trace them and such losses can slowly drain your resources. [/QUOTE]
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Why Crypto Is The Best Payment Method
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