Cons of using cryptocurrency in business
- It's highly volatile. The values can vary considerably.
- It is not widely accepted. Digital currencies are still foreign to some people.
- Complex set-up process. Setting up your cryptocurrency payment options may need extra time and effort.
- You are solely responsible for protecting your digital assets.
- Migration. With over 2,000 different cryptocurrencies, other companies and your clients may migrate from one digital currency to another.
- No established bodies regulate financial activities.
- Highly vulnerable to scams.
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