Black Friday: It’s About Time Cryptocurrency Becomes a Normal Payment Option

3 mins read

“I always say shopping is cheaper than a psychiatrist.” 

 Tammy Faye Bakker 

Who says shopping should be limited to trades of tangible goods and fiat currency only? 

Gone are the days where people have to line up for hours in open where it’s cold and push and shove other people around just to purchase stuff on a discount. 

Now, all the shopping is done online!

With more companies adopting cryptocurrency as a payment option, it’s safe to say this Black Friday, you can spend (or invest in) more of all that digital money. 

According to 99Bitcoins, many major companies such as Microsoft, Wikipedia, Playboy, ExpressVPN and more now accept Bitcoin as a method for payment, whether it’s directly or through third-party wallets. 

Plus, smaller businesses are also adding Bitcoin and other cryptocurrencies into their list of payment options or partnering with third parties, making shopping all the more seamless for owners of digital assets. 

Security 

According to OpenBazaar, it is more secure as well to use cryptocurrency as compared to credit cards. Though the former may not be completely private, it still does offer more privacy than credit cards which platforms can (and will) collect your personal data. 

Besides that, blockchain technology ensures all digital assets are transacted safely through the blocks and time-stamped, Kaspersky wrote. This blockchain, also known as ledgers, sets a public record which makes it hard for hackers to manipulate. 

It added, 

In addition, transactions require a two-factor authentication process. For instance, you might be asked to enter a username and password to start a transaction. Then, you might have to enter an authentication code that’s sent via text to your personal cell phone. 

Soon enough, more platforms will be adding cryptocurrencies to its platform. What are some of the brands or shops you would like to see have crypto payment options added in? 

by

Elina Nasution

29th November 2019

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