Why You Should Avoid Cryptocurrencies in Ecommerce?

In the last few years, the business has undergone a revolution. Globally business is moving faster than ever, from blockchain and FinTech to AI and Cryptocurrencies. If there is one buzzword set to shape 2021, cryptocurrency will definitely be at the top of the list. Cryptocurrencies are hot news today, so they are worth paying attention to.

Big companies and brands have started using crypto as a means of payment, and that is why crypto has become such a hot topic. You may be surprised to learn that Visa and renowned vehicle company Tesla will also accept cryptocurrency as payment for their vehicles. Nevertheless, some merchants wonder if Cryptocurrencies have a place in mainstream eCommerce. Therefore, the answer is a resounding no.

Now you know what cryptocurrency is and how it works just like regular payment methods. However, you may not know that there are cons to using crypto when it comes to eCommerce, which is why we will uncover those cons here in order to ensure you understand why you shouldn't use crypto. These include no rewards, no safety, not ideal, and too expensive. Read more here "Why Should You Avoid Cryptocurrency in Ecommerce?" For more such blogs, visit mconnectmedia.com.