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03/14/2022
Payment Opportunities in Cryptocurrency
Today’s digital payment methods continue to stir up curiosity
Today’s digital payment methods continue to stir up curiosity in businesses and consumers who want to have access to faster and smoother transactions. With a majority of transactions done online now, there is a rising opportunity in cryptocurrencies as another way for businesses and financial institutions to stay competitive.
What is Cryptocurrency?
Cryptocurrencies are digital or virtual currencies underpinned by cryptographic systems. They enable secure online payments without the use of third-party intermediaries, which allows them to exist outside control of governments or central authorities.
“Crypto” refers to the various encryption algorithms and cryptographic techniques that safeguard these entries, such as elliptical curve encryption, public-private key pairs and hashing functions. One type of cryptocurrency is the popular Bitcoin.
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