Cryptocurrencies, and the secure blockchain-based technologies that protect them, are increasingly popular. Those who believe it is a fading fad will be surprised at how the market continues to grow, with major companies accepting virtual currencies. Corepay can set you up with a cryptocurrency account quick and easy.
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When dealing with certain payment processing methods, customers and businesses take risks and costs and payment fraud. With cryptocurrency, customers can feel at ease knowing that their personal information has not been handed over. Cryptocurrency payments do not have a chargeback mechanism, so once a transaction hits the blockchain, issues are resolved between the customer and the merchant.
Cryptocurrency can be used at an international level because it is not bound by the exchange rates, interest rates, or transaction rates of foreign countries, enabling businesses such as Overstock.com to expand to new markets. Corepay’s trusted banking partners offer secure payment gateways for all transactions, tailored to meet the type of merchant account required for your licensed cryptocurrency exchange.
Unlike fiat currency, cryptocurrencies are decentralized, meaning there are no servers involved and no central controlling authority. Instead, demand is driven by those who see value in owning the cryptocurrency, and those who accept it as payment, and relies on peer-to-peer technology. Corepay makes doing business with licensed cryptocurrency exchanges convenient for you and your customers.