What is a cryptocurrency payment system?

It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions.

How do you pay with cryptocurrency?

Cryptocurrency is complicated, but using it to pay for something is relatively simple. Here's how and where you can pay with crypto. You can buy cryptocurrency with fiat money on cryptocurrency exchanges or apps. You send and receive payments using a cryptocurrency wallet.

Do I need a cryptocurrency payment gateway?

It's important to note that digital currency payment gateways are not required. It's perfectly acceptable to use your personal wallet to accept cryptocurrency payments; however, gateways take the extra work of exchanging cryptocurrency and managing a wallet out of your hands.

How does cryptocurrency work?

By nature, cryptocurrency is designed to be decentralized and anonymous. The system makes it easy for two parties to make an exchange. However, some merchants might not be comfortable accepting payment in digital currency; they might not understand how any of it works or be skeptical about the system.