30 Sep 2022 By PAYCEC
First, let’s have a quick review of why Bitcoin exits until this day:
For example, PayCEC charges customers 1.5% per cryptocurrency transaction , while the figure for each card transaction is 3.4%.
But we can not overlook the worrying downsides of blockchain. First, you need a key to access the Bitcoin wallet. If the key is missing, you are on the brink of losing your wallet.
Second, bitcoin is highly volatile; it can nosedive and skyrocket to its peak, after which the market will lose momentum quickly.
For now, all we can say is blockchain technology will be utilized much more as a deterrent against fraud in unprecedented fields, such as provenance or property rights.
But will blockchain replace banks? Only time can tell.
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