What is digital currency example?

31 Mar 2022 By PAYCEC

Bitcoin is a typical digital currency example. Bitcoin is a digital currency that may be accepted by anyone, anywhere in the world, so you're not barring those who don't have credit cards or PayPal accounts from making purchases on your site. Bitcoin's value has skyrocketed in recent years, and it is currently the most well-known cryptocurrency as Bitcoin's retail and consumer acceptability has matched its tumultuous ride in crypto markets.

Other well-known cryptocurrencies are:

  • Ethereum (ETH)
  • Bitcoin (BTC)
  • XRP (XRP)
  • Stellar (XLM)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Polkadot (DOT)
  • Neo (NEO)
  • Celsius (CEL)
  • Nano (NANO)
  • Chainlink (LINK)
  • Monero (XMR)
  • Tether (USDT)
  • Litecoin (LTC)
  • Binance Coin (BNB)
  • NEM (XEM)
  • TRON (TRX)
  • Dash (DASH)
  • Zcash (ZEC)
  • Bitcoin Gold (BTG)
  • Bitcoin Cash (BCH)

Bitcoin and others have the added benefit of anonymity, as users are not required to provide any personal information while making a payment. Many purchasers will be interested in this because they are hesitant to share important information online.

There are 5 significant benefits that merchants gain from Bitcoin:

➤ There will be no chargebacks.

➤ Fraud is reduced, if not eliminated.

➤ Potential scalability market.

➤ Transaction fees are lower than those charged by Visa, MasterCard, and American Express. Since Bitcoin is a peer-to-peer digital currency, a third-party banking service is not necessary to complete a transaction, this keeps Bitcoin transaction fees low.

➤ Money receipt and use is considerably faster.

There are 3 main types of Bitcoin online payment gateway:

➤ Bitcoin vs Fiat.

➤ Crypto vs Crypto.

➤ Bitcoin vs Bitcoin.

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