It's difficult today to say that people aren't interested in cryptocurrencies worldwide. There are some companies that have invested one the currencies, most notably Tesla's investment in Bitcoin in recent news; and even some countries have acknowledged the impact of cryptocurrencies on economies. There really isn't a way for Bitcoin (BTC) to be a good one to use for typical business and personal transactions. Thankfully, there are more cryptocurrencies than just Bitcoin. Today, I'm going to go over two other cryptocurrencies that work better for everyday transactions (and the two that we accept as payment other than fiat USD).
The first of these I'll talk about today is Litecoin (LTC). It has been said that Bitcoin (BTC) is the gold of cryptocurrency. Litecoin is a coin that uses faster payment confirmation schedule, and a different algorithm than BTC. As another peer-to-peer internet currency, there are nearly no costs to payments sent to anyone. Since this coin is open source, it utilizes a fully decentralized network without any central authorities. Because of the wide range of processors to help the blockchain update, LTC is an excellent alternative to BTC as well, which makes it akin to Silver when compared to BTC. To be honest, if choosing to pay your invoice with us, we prefer Litecoin.
The second is Bitcoin Cash (BCH). This version of Bitcoin is actually an offshoot of Bitcoin that is aimed at allowing for everyday transactions. High transaction fees and delays in transaction processing are two of the reasons that BCH made its debut. As a peer-to-peer form of electronic cash BCH is less expensive for a single coin that BTC, which makes it much more easily transferable for more frequent transactions. For these reasons, Martin Bookkeeping Services now accepts BCH as a form of payment, and we encourage customers to consider using BCH as an alternative payment method.
This has been a quick dip into the realm of cryptocurrency, and an overview of the reasons we have chosen to include Litecoin and Bitcoin Cash as acceptable payment methods for services.
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