Crypto Payments

Given the fact that there are more than 11,000 cryptocurrencies today, and over 400 cryptocurrency exchanges, it’s no surprise that crypto payments are taking the world by storm. More and more retailers and wholesale markets are accepting crypto as a valid form of currency – and the phone markets are no exception.

Bitcoin and Dogecoin

Bitcoin is the world’s largest decentralized digital currency. It gained fame because people liked the idea of a non-traditional online payment system without banks, governments, and other institutions as intermediaries. Today, Bitcoin can be exchanged for other currencies, services, and products.

Bitcoin is also seen as a lucrative investment. High liquidity, lower inflation risk, and minimalistic stock trading are only a few of the reasons why investing in Bitcoin eventually pays off. It has even become legal tender in El Salvador in 2021, and other countries are sure to follow. In November of the same year, the total market value of Bitcoin reached an all-time high, capping at $1.11 trillion.

Dogecoin was initially created as an internet joke, referencing the famous “doge” meme that was popular in the 2010s. This peer-to-peer open-source cryptocurrency is considered a pretty relevant altcoin. Even though Dogecoin started off as a way to make fun of the cryptocurrency craze, it has become known as the crypto-star of the future. Today, the total value of Dogecoin is estimated around $41 billion in the crypto market and it has become the seventh largest cryptocurrency in the world.

The rise of Dogecoin can be traced back to its internet popularity on Reddit and Twitter, when celebrities like Elon Musk, Snoop Dogg, and Gene Simmons started promoting it. Aside from its comical element, Dogecoin rose to fame due to its faster confirmation time for completed transactions and low transaction fees. It can even be used as a gaming currency.

Crypto as a Form of Payment

More and more business owners are accepting Bitcoin, Dogecoin, and other cryptocurrencies as a form of payment. The reason being that it’s more secure than debit and credit payments. Cryptocurrency is a pseudonymous form of payment, meaning that the only way to track and identify your payment is with a blockchain address. This minimizes the chances of you being a victim of credit card fraud.

A recent survey reveals that 36% of small-medium businesses in the US accept Bitcoin as a means of payment. This number is only expected to rise in the near future. The possibility of finalizing a payment with crypto has become convenient to both businesses and consumers. Major companies, like Microsoft, Tesla, Starbucks, AT&T, Amazon, Coca Cola, and many more, started to accept cryptocurrencies. Now smaller businesses in various industries are expected to jump on the crypto bandwagon.

Crypto payments are convenient from the consumer’s point of view as well. You can buy virtually anything with Bitcoin and other cryptocurrencies – from technology and cars to insurance and a variety of services. Bitcoin has become a mainstream form of payment as it offers user autonomy, lower transaction fees, and fewer risks. In fact, according to recent report, 20% of all US adults state that they would prefer making a transaction with a cryptocurrency.

Why You Should Pay With Crypto for Devices and Phones

As the world of mobile phone distributers and other business in the communication industry continue to grow, the need for new payment forms constantly emerges. Phone wholesale companies, like Energy Electronics, are always looking to improve their customer experience. That’s why we accept Bitcoin and Dogecoin as valid means of payment. By accepting these cryptocurrencies, we offer a simple, real-time transactions and money transfers.

By choosing to pay with Bitcoin or Dogecoin, you can expect lower transaction fees. This is especially useful for international transactions, which usually come with even higher credit card or banking fees. Paying with crypto also means that your transaction will be processed much faster. Any unnecessary transaction steps will be avoided. Not to mention the aspect of accessibility, particularly important for those who don’t have credit cards or bank accounts.

Most importantly, paying with crypto includes an element of safety. No personal information is needed to complete a purchase with cryptocurrencies, and it’s almost impossible for someone else to hack into your crypto wallet.

Some of our most successful devices and phones are the CAT S62 and CAT S22 Flip. You can also take a look at the solutions pages like best android barcode scanning devices and tablets with barcode scanners.