How Cryptocurrency Works | Buzzwords

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.

More on Cryptocurrency
Impact is excited to accept cryptocurrency payment to its customers. Read more about our decision here.

Get some tips on staying safe from cryptocurrency scams and more with this Q&A with our Director of MIT Security Services.