An increasing number of companies worldwide are using bitcoin, Ether and other digital assets for a host of investment, operational, and transactional purposes.
Major benefits we felt for selling using Bitcoin, Ether and other cryptocurrencies as a payment method will give access to a whole new market of tech-savvy consumers who have created a community within the cryptocurrency market. Given the option to pay through a digital wallet or a credit card platform allows you to dip into broader markets and appeal to consumers all around the world.
Top Cryptocurrencies to be Aware of
Digital currencies are an ever-changing realm, with new currencies being launched weekly and current currencies constantly losing and gaining value. According to the latest https://crypto-economy.com/, the below coins are the top currencies based off of market capitalization:
Bitcoin is the coin that started it all. Before coming to life its creator, Satoshi Nakamoto, drafted up the idea in a paper entitled “A Peer-to-Peer Electronic Cash System” in 2008. Nakamoto hoped to create a system that would decentralize the financial sector and give power back to people through a digital transaction system.
Ethereum was a coin created based off of the invention of bitcoin. Its creator, Vitalik Buterin, wanted to develop a platform that would transform the internet entirely. He imagined Ethereum to be a platform that would be used for more than the financial transactions than Bitcoin allows. The Ethereum platform is now a place for developers to create decentralized applications such as contracts or codes without using third-party platforms.
While it began as a joke by software engineers Billy Markus and Jackson Palmer, Dogecoin has become a valid currency in its own right. Based on the Doge meme, Dogecoin evolved from a satirical comment on cryptocurrency into a legitimate investment opportunity that has become more popular than its creators expected. Some still look askance at it, but support from the likes of Elon Musk has forced Dogecoin to be taken seriously.
XRP, also known as Ripple, is an independent digital asset that is housed in the decentralized cryptographic XRP Ledger, which is run by a network of peer-to-peer servers. XRP was designed for users to send money digitally and not be subjected to the high transaction costs and conversion times that bitcoin has. XRP can be publicly bought and sold, and is a coin that allows people to send money quickly all over the world, in a secure way. Often times XRP is confused with its creator, Ripple Labs, but it should be known that the currency is completely independent.
While Bitcoin Cash is very similar to Bitcoin, there’s notable differences that set them apart. Bitcoin Cash allows for more transactions to be processed by increasing the size of the blocks. By increasing the number of transactions Bitcoin Cash hopes to be able to compete with the industry giants like Visa and PayPal.
As we want to keep our business on the cutting edge, it's definitely worth it to accept cryptocurrency in our online store.
When you purchase using cryptocurrency, send us an email at email@example.com with the purchase details, within 24 hours of buying. We will add a special gift to your package from Leh Pashmina for you along with your purchase.
With all the noise around cryptocurrency, we are thinking of launching special designs on our scarves. enquire at firstname.lastname@example.org for bulk purchases.