Though Bitcoin has been the most commonly used cryptocurrency since its creation in 2008, merchants are now able to accept a wide range of cryptocurrencies beyond just Bitcoin. This new report launched by “My Crypto Merchant” explores the most common tokens used today, how each one differs, and the benefits for merchants of accepting a wider range of digital currencies.
More information about popular Bitcoin alternatives or Altcoins, how they differ from Bitcoin, and how merchants can accept crypto at their Point of Sale (POS), can be found in the full report at https://mycryptomerchant.com/beyond-bitcoin/
While Bitcoin is still an effective currency and a popular token for traders, it is slowly being overtaken in several ways by a variety of Altcoins, which each have their own benefits. The new report from “My Crypto Merchant” covers everything merchants need to know in order to accept up to 175 different types of cryptocurrency, without paying merchant fees.
Though each cryptocurrency may differ slightly, the report suggests that there are several benefits that most or all of them have in common, including the complete elimination of chargebacks. Unlike traditional payment processing systems, cryptocurrency charges are always final, with no possibility of the funds being clawed back due to bounced checks or fraud.
The report highlights that, while each crypto token is unique, the processing requirements are similar enough that a single POS can be set up to accept nearly 200 different tokens, without making major changes to the business or requiring any technical experience. Since digital currency runs on a standard set of hardware, merchants also do not require expensive equipment or complicated software.
The most significant benefit highlighted in the report is how it allows merchants to have complete control over their funds at all times. While traditional payment processing typically goes through a third-party company, cryptocurrencies are transferred directly, so merchants receive them immediately rather than several days later.
“My Crypto Merchant” specialists suggest in the report that while many customers still prefer to pay with traditional means, cryptocurrency is still continuing to grow in popularity. It already offers a faster method of completing transactions that can remove the payment processors in the middle and the fees associated with them. Read more about ‘My Crypto Merchant’ at YahooFinance
More information about accepting Altcoins, POS integration, and other services from “My Crypto Merchant” can be found at https://mycryptomerchant.com
My Crypto Merchant LLC
2355 State Street
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Times World USA journalist was involved in the writing and production of this article.