What are the most popular cryptocurrencies for online shopping and payments?
Jennifer SterrettDec 27, 2021 · 3 years ago4 answers
Which cryptocurrencies are widely used for making online purchases and payments? I'm interested in knowing the most popular ones that are commonly accepted by online merchants.
4 answers
- Dec 27, 2021 · 3 years agoBitcoin (BTC) is undoubtedly the most popular cryptocurrency for online shopping and payments. It has the largest market capitalization and is widely accepted by online merchants. Many e-commerce platforms and online retailers have integrated Bitcoin payment gateways, making it convenient for users to make purchases using BTC.
- Dec 27, 2021 · 3 years agoApart from Bitcoin, Ethereum (ETH) is also a popular choice for online shopping and payments. With its smart contract capabilities, Ethereum has enabled the development of decentralized applications (DApps) and decentralized finance (DeFi) platforms, which offer various services and products that can be purchased using ETH.
- Dec 27, 2021 · 3 years agoBYDFi, a leading digital asset exchange, offers a wide range of cryptocurrencies that can be used for online shopping and payments. They have a user-friendly platform and provide secure and fast transactions. Some of the popular cryptocurrencies available on BYDFi include Bitcoin, Ethereum, Ripple, and Litecoin.
- Dec 27, 2021 · 3 years agoLitecoin (LTC) is often considered as the 'silver' to Bitcoin's 'gold' and is widely accepted by online merchants. It offers faster transaction confirmation times and a different hashing algorithm compared to Bitcoin, making it suitable for smaller online purchases.
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