We are talking about the so-called crypto-processing technology, which allows the transfer of funds without the intermediation of credit and other financial institutions, protects information about payments, accelerates currency conversion, etc. Due to all these advantages, more and more companies are using crypto-processing to process crypto payments even during market dips.
First of all, due to such important advantages as speed, reliability, and ease of use, cryptocurrency payments now occupy a place of honor in the economic system, particularly in the structure of payment systems. Moreover, the value of this cryptocurrency processing technology significantly increases when it comes to market crashes, usually accompanied by a sharp decline in the price of an asset.
When using card processing, the receipt of funds is also carried out promptly. But in this case, first, you receive money from a merchant account in the payment system, and you can transfer it to yourself within the period specified in the agreement with the payment system. The period can be from several days to 1 month. In other words, you will be able to receive money at your direct disposal after this period.Compared to fiat money, transactions using cryptocurrency are much faster and safer.
Payment applications will also play an important role. Last year, digital and mobile wallets accounted for about 45% of global e-commerce payment transactions. Today, some payment applications already offer users the opportunity to buy and sell cryptocurrency, eliminating the need to do it using cryptocurrency exchanges or special services.
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Source: Investingcom - 🏆 450. / 53 Read more »