Advantages of Cryptocurrency for Business

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Advantages of Cryptocurrency for Business
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• Cryptocurrency and blockchain become a new era
  in financial world. As digital currencies backed
  up by encryption technology, they operate
  independently from the traditional banking system
  and are accepted as cash in different countries.
  Each business should consider the pros and cons
  on its individual case. Anyway, cryptocurrencies
  present some heavy to ignore advantages as
  follows

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Costs Reduction

• Cryptocurrencies are direct decentralized systems
  and dont require an intermediary financial
  institution or a tier processing part for each
  transaction. Thus, these percentages paid as
  processing fees are disappearing from costs.

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Processing Time Reduction

• Cryptocurrency based on blockchain ledger are
  generally processing the payments in real time,
  or in several minutes. From days to minutes, well
  thats tremendous improvement!

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Minimize Frauds and Chargebacks

• With cryptocurrencies the involved parties should
  approve the transaction, so chargebacks are
  practically excluded. Just like cash
  transactions, the ones with cryptocurrency are
  irreversible, because they are inserted in
  blockchain via a system called mining and cannot
  be undone.

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Competitive Advantage

• With cryptocurrencies the involved parties should
  approve the transaction, so chargebacks are
  practically excluded. Just like cash
  transactions, the ones with cryptocurrency are
  irreversible, because they are inserted in
  blockchain via a system called mining and cannot
  be undone.

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