Does blockchain need Cryptocurrency?

11 Oct 2022

No, cryptocurrency is only the first version of blockchain technology while this technology is expanded into more industries. Cryptocurrency needs blockchain to support storage, security, and transfer. The cryptocurrency can be transferred safely by blockchain technology thanks to the encrypted codes.

Cryptocurrency is beneficial because blockchain technology accelerates the money transaction between 2 users promptly without the involvement of banks. The transaction is also approved without any banking expensive fees and complicated documents. This blockchain technology stored all data online and recorded every transaction information as an accounting ledger. The cryptocurrency can not be counterfeit due to the complicated operation process of blockchain.

Cryptocurrency can be easily transferred globally via a blockchain payment processor. PayCEC is a blockchain payment gateway that enables cryptocurrency transactions on web browsers, allowing cryptos to be moved quickly and internationally. Customers can request a custom user interface that displays their brand's logo and important images, and the blockchain payment processor works with many different business models. The PayCEC cryptocurrency payment gateway uses a high-security system to convert digital assets to fiat currencies. It accepts the vast majority of crypto coins on the market. Last but not least, the customer service team is available 24/7, even on holidays, to assist both vendors and buyers.