Most businesses accept credit and debit cards, as well as payment systems like PayPal.  However, one of the latest trends in transactions is digital currency.  According to the infographic below, which was created by Northeastern University, digital currencies like bitcoin are now being used more than ever.  If your business isn’t accepting these kinds of transactions, you could be losing out on customers.

Digital currency has a number of benefits.  These include offering a form of anonymity to the buyer, which helps to increase security, lower transaction costs, and the ability to sell internationally.  Digital transactions are also irreversible, and so there is no chance of losing money due to fraud.  The number of bitcoin in circulation is increasing steadily too, as the infographic below shows in more detail.

 

‘Lessons Digital Currency Has Taught Us’ is an infographic created by Northeastern University.  Visit them to earn your finance degree online.