Choose Cryptocurrencies for Payments and Trading Purposes
There is no doubt that presently cryptocurrencies are the best way for investors to have access to profitable trading opportunities from all around the world.
Cryptocurrency trading is trending in recent times. These are also being used as a mode of payment, nowadays, due to its various advantages over credit and debit cards and cash.
International payments have depended on banks for centuries. The process was very slow until mid 20th century, and sped up only in the latter half of the century due to technological improvements. Even now there are a few distinct problems still existing in the network which one can avoid by opting for cryptocurrency payment and trading method.
Here are some of the advantages of using cryptocurrencies as a mode of payment:
- Ensures Maximum Security
Unlike credit cards and cash, which are the traditional modes of payments, cryptocurrencies are encrypted and digital. This makes it very difficult to steal or tamper with. Once a cryptocurrency transfer has been authorized (validated), it cannot be reversed. Strong encryption techniques safeguard against account tampering, fraud, and, guarantees the privacy of the customer.
HashCash, a California-based blockchain technology company, offers cryptocurrencies as a mode of payment to enterprises and corporates using its own corporate payment platform. HC Corporate Payments, a product of HashCash, offers blockchain powered cross-border corporate payment platform to business enterprises which ensures real-time payments, instant reconciliation, and smart contract automation.
Moreover, this blockchain technology product and service provider has a cryptocurrency trading and exchange platform, PayBito, where all the major cryptocurrencies are listed and traded.
- Smartphones Facilitating Cryptocurrency Trading
Smartphones are being used by billions of people and it is safe to say that it has become a device for doing financial transactions on a daily basis. Payment using cryptocurrencies results in almost no transaction fees as there is no third party involvement. Thus, the whole payment process is much faster than the traditional modes of payment while the transaction cost remains minimal.
PayBito Android and iOS mobile apps can be used to trade on the go and keep a track of the trading portfolio anytime, and from anywhere.
- Cutting out the middleman
Cryptocurrency eliminates expensive lawyers, brokers, and other middlemen with the digital currency as well as the transaction costs that are incurred when payment is made by credit cards. Cryptocurrency payments made through blockchain network charges less than 1% after being validated, a number much less than the 3 – 5% charged by credit cards.
- Quick and easy payments
Making payments with cryptocurrency is very easy and can be done in just a few seconds. This is because the user does not have to provide a lot of details. The only thing needed for the transaction is the address of the wallet of the receiving person.
- Fast settlements
In the case of cryptocurrency payments or trading, enterprises do not need to wait for days to receive money as it is done on real-time basis. Cryptocurrency payments made on the blockchain network helps to remove third party approvals, higher transaction costs, and eliminates any other delay in the payment process.
- Facilitate international trades
Cryptocurrency transactions have no limit assigned to it unlike traditional trading practices. The information of the sender and receiver is not disclosed in the network to others apart from the parties involved in the transaction. The parties can transact from any location in digital currencies in a hassle-free manner after being validated in the blockchain network. Cryptocurrency trading is convenient as the process is not controlled by any central authority. Trading of cryptocurrencies in PayBito facilitates the buying and selling of cryptocurrencies in different order types.
These are the benefits which one can enjoy if one chooses to opt for cryptocurrency for payment purposes. Crypto-trading is becoming popular in the global investment market. So what are you waiting for? Choose cryptocurrencies over traditional payment methods and reap its benefits!