• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Submissions
  • About Us
  • Contact Us
  • Aug 13, 2022
  • Startup
    • Creating a Plan
    • Funding a Startup
    • Franchise Center
    • Getting Your Office Ready
    • Making Your Business Official
    • Marketing Your New Business
    • Personal Readiness
  • Run & Grow
    • Customer Service
    • Human Resources
    • Innovation
    • Legal
    • Operations
    • Risk Management
  • Leadership
    • Best Practices
    • Communication
    • Green Initiatives
    • Open Culture
    • Strategic Planning
    • People Skills
  • Sales & Marketing
    • Advertising and Lead Generation
    • Marketing Innovations
    • Marketing Plans
    • Online Marketing
    • Relationships
    • Sales Activities
  • Finance
    • Budgeting and Personal Finance
    • Payments and Collections
    • Tax and Accounting
    • Pricing Strategy
    • Working with Investors
    • Working with Lenders
  • Tech
    • eCommerce
    • Hardware
    • Software
    • Security
    • Tech Reviews
    • Telecom
  • Shop

SmallBizClub

Helping You Succeed

Home / Finance / Payments and Collections / Virtual Currencies: The Future of Payments
Virtual Currencies: The Future of Payments

Virtual Currencies: The Future of Payments

2816 Views

Dec 8, 2014 By SmallBizClub

When was the last time you had cash in your wallet? If you’re like most people, the answer is you can’t even remember having more than a negligible amount in there at any given time. Using cash is largely no longer necessary now that we all have ATM cards and just about every place takes them. But this has not always been the case. Even just a decade or two ago, using your card for small purchases was unheard of or even rude. The transition was gradual.

 
Now there are a lot of different virtual currencies out there. A lot of people are afraid to use them because they weren’t safe or stable in the beginning. But as new technologies emerge, newer virtual currencies become safer and more stable, making them a viable option for unique banking situations.
 
Some virtual currencies only exist for entertainment purposes. Dogecoin was developed mostly for fun and is now mainly used to tip content creators for making good content. It does have value, though it is small, and the market cap is tiny.
 
Other virtual currencies were created with the purpose of trying to fix specific problems that arose with the continued use of Bitcoin. Litecoin operates faster than Bitcoin. Peercoin uses a proof of stake system. Ripple uses Internet Protocol instead of being peer-to-peer. Merchant Coin aims to promote the adoption and use of Bitcoin.
 
There are a lot of different reasons to use virtual currency, and each virtual currency fills a specific need within the business community. Sometimes there just aren’t banks in remote parts of the world and virtual currency can bring a banking system to those underserved areas. All you need is an internet connection to be able to use virtual currency, making it a potential equalizer. Learn more about the various types of virtual currency as well as their purposes from this infographic.
 
Virtual-Currencies-The-Future-of-Payments
 
Source: http://www.virtualcurrencytoday.com/blogs/virtual-currencies-bitcoin-and-beyond-infographic/
 
NowSourcingAuthor: NowSourcing is an award-winning nationally recognized infographic design agency. Founded in 2005, NowSourcing has strong roots in the human and technical nuances of the web.

Filed Under: Payments and Collections Tagged With: Infographics, NowSourcing, Payments

SmallBizClub

SmallBizClub

SmallBizClub.com is dedicated to providing small businesses and entrepreneurs the information and resources they need to start, run, and grow their businesses. The publication was founded by successful entrepreneur and NFL Hall of Fame QB Fran Tarkenton. We bring you the most insightful thinking from industry leaders, veteran business owners, and fellow entrepreneurs. That means guides to the complex worlds of financing and technology. It means business owners sharing their personal stories—both successes and failures— through articles, video, and most important, answers to your small business questions. Follow us on Facebook, Twitter, and LinkedIn

Related Posts

  • 9 Tips to Increase Your Sales Using Infographics
  • Optimize Infographics for SEO in 7 Easy Steps
  • 4 Reasons Your Small Business Needs a Payment Gateway

Primary Sidebar

bottom line ad

Random

Why and How to Align Your Team Through Brand Values

Aug 11, 2022 By Luke Britton

Why Businesses Should Treat Employee Burnout as a Risk Management Issue

Aug 11, 2022 By Andrew Deen

From Beat Cop to Entrepreneur: A Unique Startup Story

Aug 10, 2022 By SmallBizClub

a-startup-goldmine--combining-healthcare-and-technology

‍9 Tips for Making Your Healthcare Business More Successful

Aug 9, 2022 By Charlotte Sylvester

employment-practices-liability

‍5 Business Liabilities That Can Cause You A Ton Of Trouble

Aug 9, 2022 By Jeremy Bowler

Footer

About Us

Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Copyright © 2022 by Tarkenton Institute, Inc. All Rights Reserved | Terms | Privacy