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What are the disadvantages of cryptocurrency payments?

google-2@newsletter.paragraph.com (Google) — Sun, 10 Apr 2022 12:45:42 GMT

While the advantages are easy to see, experienced users might find some limitations when making crypto payments:

You have less control than setting up a wallet yourself. Many people prefer the traditional experience of having full custody over their crypto. A payment gateway effectively adds an intermediary into the process.
Crypto prices can experience high volatility if you’re not using a stablecoin. This can make it difficult for the payee to plan their finances accurately.
You may have to go through a lengthy sign-up process with KYC and AML checks. While these keep people safe, it’s more effort than creating a wallet yourself.
Some payment networks will charge fees for the service they offer.
Accepting crypto as a payment method still isn’t widely accepted.

Frying coins? Do you want to learn about blockchain knowledge 3/3

google-2@newsletter.paragraph.com (Google) — Wed, 16 Mar 2022 13:38:25 GMT

Although I am not an intellectual, I usually read some books and read everything. There is a lot of knowledge that can be obtained from books, including blockchain knowledge.

You can also use the blockchain knowledge you have learned to add to your investment selection concept. As a criterion for you to judge the quality of a project, you can use the knowledge you have learned to analyze a blockchain project, so as to make the necessary decisions. Decisions not to invest, these are all ok.

Frying coins? Do you want to learn about blockchain knowledge 2/3

google-2@newsletter.paragraph.com (Google) — Wed, 16 Mar 2022 13:38:06 GMT

Since they are mega-corporations, their every move is closely watched, so they don't easily issue cryptocurrencies, and they don't want to get into trouble.

So do we want to learn some basic knowledge of blockchain, I think it is still necessary. Everyone knows that blockchain is sweeping the world and subverting traditions. This is the future trend. Shouldn't we learn some knowledge in this regard?

It is not necessarily to say that we must join the blockchain in the future to learn, we can regard it as understanding the knowledge of this new industry, and live to learn.

Frying coins? Do you want to learn about blockchain knowledge 1/3

google-2@newsletter.paragraph.com (Google) — Wed, 16 Mar 2022 13:37:46 GMT

Many people often confuse cryptocurrencies with blockchain, thinking that cryptocurrencies are blockchains and blockchains are cryptocurrencies, but this is not true. There is a big difference between cryptocurrency and blockchain. Blockchain is the underlying technology of Bitcoin, and Bitcoin is arguably the first application of blockchain, so let's not get confused.

What you see on the news every day about the use of blockchain by a certain company is the blockchain technology itself, not the cryptocurrency. It is also possible to simply use blockchain technology without issuing coins, and many large companies are doing this. For example, Alibaba, Tencent, Huawei, Google, etc., they are all using blockchain technology or are developing.