#Binance

continued

Third: Ensuring customer privacy

Digital currency protects customer privacy

When a customer pays any institution or company through any payment method available online, it is easy to track this person and find out his correct information, but the matter is different if the company uses encrypted currencies, as one of the main characteristics of encrypted currencies is ensuring the privacy of users and their ability to keep their identities anonymous. Customers do not have to reveal their identities or request any additional details when paying using cryptocurrencies, and thus it is impossible to track the customer’s purchase.

Several reports of serious data breaches targeting individuals and businesses, leaving them vulnerable to financial losses and identity theft, have emerged every year. Because cryptocurrencies maintain customer confidentiality and enhance customer security, adopting them in your business will make your company more attractive to individuals who fear or do not want privacy violations. By providing more information about themselves, cryptocurrencies will allow buyers to control the amount and type of information they provide to companies.