Good-Guy
VIP Contributor
Cryptocurrencies have been used as a way to transfer money and make payments. It is a kind of payment method that is being adopted by many online money making websites and now even many businesses accept cryptocurrency as a payment method. Do you know that now even many Universities are also accepting cryptocurrencies as a way to pay for studies? In fact, many airlines have also been accepting cryptocurrencies as a way to pay and purchase a ticket or book a flight. Even many restaurants and coffee shops such as Star Bucks also allow their customers to pay through cryptocurrencies. I believe that there are many advantages of using cryptocurrencies over other payment methods and here are some of them.
1) Cryptocurrencies Could Be Used Anywhere
When it comes to using PayPal or any kind of payment processor, you might be facing issues because such kind of payment processors are not available in all the countries. However, this is not the case with cryptocurrencies. You can use cryptocurrencies almost anywhere without any restrictions. This is because cryptocurrencies are operational on blockchain networks and you can use them as a payment method regardless of the location
2) NO KYC (Know Your Customer) Is Required To Use Wallets
You can use cryptocurrency wallets without getting your account verified because there is no cryptocurrency account in case you use downloadable cryptocurrency wallets. There are many such kinds of wallets which you can use without KYC. Some of them are Coinomi and Exodus Wallet. However, some platforms might require you to upload documents such as Binance Pay, Coinbase, etc.
1) Cryptocurrencies Could Be Used Anywhere
When it comes to using PayPal or any kind of payment processor, you might be facing issues because such kind of payment processors are not available in all the countries. However, this is not the case with cryptocurrencies. You can use cryptocurrencies almost anywhere without any restrictions. This is because cryptocurrencies are operational on blockchain networks and you can use them as a payment method regardless of the location
2) NO KYC (Know Your Customer) Is Required To Use Wallets
You can use cryptocurrency wallets without getting your account verified because there is no cryptocurrency account in case you use downloadable cryptocurrency wallets. There are many such kinds of wallets which you can use without KYC. Some of them are Coinomi and Exodus Wallet. However, some platforms might require you to upload documents such as Binance Pay, Coinbase, etc.
