The phrase
"to accept the cryptocurrency" means that someone is willing to receive and use a specific digital form of money as a payment for goods or services they provide.
Full definition
While those numbers are growing every day, the vast majority of shops and businesses still do
not accept cryptocurrency payments.
We can also expect higher utility value as merchants find more accessible ways
of accepting cryptocurrency, and the technology behind transactions also improves.
The statement also outlined the motivation behind the creation of this system to be due to multiple retailers who have demanded instant payments before they can
consider accepting cryptocurrencies.
They're starting to carry some real value in the real world and some places
even accept cryptocurrency as payment for goods and services.
Another issue is the fact that merchants can
not accept cryptocurrency payments without exposing themselves to the risk of losing a certain amount in USD.
If governments refuse to
accept cryptocurrencies for tax payments, the single most important transaction in an economy, that significantly reduces demand for cryptocurrencies.
Dether's vision is to make digital currencies available to all through their smartphone where users can locate buyers and sellers of cryptocurrencies as well as being able to locate physical stores
which accept cryptocurrencies as a method of payment.
The charity arm of the multinational investment firm first started
accepting cryptocurrency through Coinbase's charity service in November 2015, but until this year, it didn't really see the funding mechanism take off.
Kala will eventually become one of the few lingerie brands to
directly accept cryptocurrencies such as bitcoin and ether, although it may take a few months after the launch to set up their cryptocurrency payment system.
It's also a capable wallet for your money, and when it's time to spend, Coinbase will help you find merchants
who accept cryptocurrencies as payment.
QuadraNet, a full - service data center provider headquartered in Los Angeles, California has announced that it is now
accepting cryptocurrency including Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH) payments for its services.
Progressive fashion line United Colors of Benetton in Lithuania has officially started
accepting cryptocurrencies via CopPay, a Lithuanian - based multiсryptocurrency payment platform for businesses, consumers and community.
If you do decide to start
accepting cryptocurrencies after weighing the pros and cons, you can easily get started by using digital wallets like Due and Coinbase.
Japan had forever been hailed as one of the most pro-bitcoin countries with a string of Bitcoin ATM's lining the metropolitan cities and numerous
stores accepting the cryptocurrency.
Assuming that you're confident after performing your research and want to proceed with participating in the ICO, then you should open a fiat -
accepting cryptocurrency exchange account to convert your domestic fiat currency into popular cryptocurrency of Bitcoin (BTC) or Ether (ETH).