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Cryptocurrencies: Are they reliable in business?
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[QUOTE="Ayuba Ernest, post: 250024, member: 70169"] Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often used for illicit activities, such as money laundering and purchasing illegal goods. However, they can also be used for legal transactions. Many businesses are starting to accept cryptocurrencies as a form of payment. The reliability of cryptocurrencies in business is still uncertain. They are not backed by any government or financial institution, so their value can be volatile. It can be difficult to track and verify cryptocurrency transactions, so businesses may be reluctant to use them. Finally, regulators are still trying to understand cryptocurrencies and how they should be regulated. [/QUOTE]
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