The New Progress of Digital Currency

Currently, 329 merchants in six European countries have accepted crypto payments with the support of Paytomat, including Ukraine, Georgia, Netherlands, Czech Republic, Bulgaria and Poland. Customers can pay with any of their favorite crypto wallets, such as ethereum wallet, or Paytomat wallet apps. Once the customer chooses which method to pay, the QR code is displayed. After the customer sends funds to the wallet address, the Paytomat settles in the merchant’s local legal tender, and the merchant receives the notification that the payment has been finished.

Because of its decentralization and the anonymity of getting rid of user privacy, digital currency is characterized by openness and transparency. It does not have to be intervened by third-party banks when paying, and there is no need to worry about the increase in reserves, but both parties can receive money timely by point-to-point transmission and fast transactions, while ensuring the security of your goods. The application of digital currency payment in real life has greatly improved the efficiency of payment and lifestyle.

It is reported that the Japanese Cabinet officially signed the Payment Service Amendment Act before April 1, 2017. The legality of payment methods such as Bitcoin and other digital currencies has been recognized by the government.

It can be seen that the digital currency has the characteristics of payment and circulation, and can be used instead of banknotes for trading, but it is essentially a piece of data, which is encrypted by a very complicated algorithm.

The digital currency seizes the opportunity to rise. Through its feature that it does not need to intervene through third-party banks to carry out peer-to-peer transmission when trading, it can realize real-time transactions and solve the problem of QR code being exchanged, as well as the open and transparent payment transactions make the problem of currency restrictions unnecessary, which has led some people prefer to use digital currency. Bitcoin currency, ETH coin, and Litecoin can now be distributed globally.