#Binance

continued

First: A decentralized network for the flow of financial transactions

Digital currencies: 5 great benefits that digital currencies offer to businesses, Renad Al Majd Information Technology Group, RMG

Many companies took the initiative years ago to adopt cryptocurrencies in their business, so that the company’s financial transactions began to take place entirely over the Internet, which freed companies from the intermediation of financial institutions. Cryptocurrencies allowed companies to have complete control over funds and transactions. You might be thinking that credit cards serve this same purpose, so what's the difference?

Suppose that you use credit cards within your business and you encounter problems in processing the credit card, then you must wait for the financial institution to sanction the transaction and fix the defect, but the matter will be different if you deal with cryptocurrencies, which will give you complete control over funds and transactions without the presence of a central authority. Thus, your customers will be able to pay for your product or service more easily without going through credit approvals.