Managed IT

How Cryptocurrency Works | Buzzwords

Get the basics of how cryptocurrency works and what SMBs need to consider before accepting it as a form of payment. We discuss its benefits and risks.


2 minutes

Feb 18, 2021

Cryptocurrency has gained a steady following over the years, yet many still find it to be a mysterious part of e-commerce. Excitingly enough, the growing acceptance of this form of digital currency has helped to demystify the concept.

Watch the short video below to learn how cryptocurrency works, it’s current status in business and more. For small and midsize companies considering the option to accept cryptocurrency payments, this video offers some key benefits, challenges to watch out for and tips for some first steps you can take to integrate digital currency into your organization.

If you’re interested in learning the mechanics behind cryptocurrency, this video also offers a basic explanation of how decentralized networks take out the traditional third-party element of transactions and uses a network of computers to ensure the legitimacy of payments.

Find out more below:

About Buzzwords
The Buzzword series features short videos that break down popular topics focused on business and technology. Each video takes a look at a top trend, and why you may want to incorporate it into your organization. View the full series here.


Managed ITBusiness GrowthBuzzwords


Impact Insights

Our latest insights, articles, and videos delivered straight to your inbox.

More From Impact

View all Insights