• 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.

In the financial transactions sphere, we have various modes of payment for goods and services. For example, we have PayPal, Amazon Pay, Apple Pay, cryptocurrency, etc.

Cryptocurrency is a relatively new system that people still try to figure out. There are currently over 2,000 types of cryp...