What are the best digital currencies for street selling?

3 answers

• Dec 26, 2021 · 3 years ago
  When it comes to street selling, it's important to choose digital currencies that are widely accepted and have a strong reputation. Bitcoin, as the first and most well-known cryptocurrency, is often a safe choice. Its widespread adoption and recognition make it easier to find buyers who are willing to pay with Bitcoin. Additionally, Litecoin and Ethereum are also popular choices for street selling due to their fast transaction times and lower fees compared to Bitcoin. These cryptocurrencies offer a good balance between popularity and practicality for street selling.
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• Dec 26, 2021 · 3 years ago
  If you're looking for a more niche market, you might consider accepting digital currencies like Dash or Monero. Dash offers instant and private transactions, which can be appealing to customers who value anonymity. Monero, on the other hand, focuses on privacy and security, making it a suitable option for those who prioritize these features. By accepting these alternative digital currencies, you can tap into a specific customer base and differentiate yourself from competitors.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we recommend considering stablecoins for street selling. Stablecoins are digital currencies that are pegged to a stable asset, such as the US dollar. They offer price stability, which can be beneficial for both buyers and sellers in street selling. Tether (USDT) and USD Coin (USDC) are two popular stablecoins that you can consider accepting. These stablecoins provide the convenience of digital currency transactions while minimizing the volatility associated with other cryptocurrencies. By accepting stablecoins, you can provide a more predictable pricing experience for your customers.
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