Unlike traditional payments Bitcoin is something new and innovative. With Bitcoin (and with other cryptocurrencies) you can send and receive payments in seconds. Bitcoin, as compared to other currencies, is however slow in it and takes several minutes for completing transactions.
Cryptocurrencies use digital wallets to save your money and these are quite volatile in nature. However, some cryptocurrencies like Ripple, Bitcoins, and Etherium for accepting payment may help you to increase revenue in long run.
If you are running an IoT business, IOTA and Etherium Classic is a currency worth looking at.
- Bitcoin was the first cryptocurrency.
- There are more fraud currencies than the trusted ones.
- This is not an advice to use Cryptocurrencies