Cryptocurrencies are known as digital or virtual currency and this can be transferred between individuals over the internet. Cryptocurrencies provide the following advantages to retailers and restaurants:
- Fast transactions
- Low processing fees
- Nochargebacks
- Local and international transactions
- Payment conversion to any fiat currencies such as USD or CAD.
Listen to the briefing to hear who invented Bitcoin and how to start accepting Bitcoin if you want to take it as tender.
See acast.com/privacy for privacy and opt-out information.
