Top Security Concerns When Accepting Crypto Payment

From Microsoft to AT&T to Home Depot, more companies are accepting cryptocurrency as a way to pay for products and services. This makes perfect sense as crypto coins are a viable revenue source. Perhaps the time is ripe for businesses to learn how to receive, process and convert crypto payments into fiat currency. Still, many questions remain. How can you safely enable customers to pay with Bitcoin or other digital currency? What are the security risks that come with cryptocurrency? Some of the biggest brands on earth (Microsoft, PayPal, Mastercard, Starbucks, AT&T and Amazon) now accept cryptocurrency as payment. Also, up to a third of small businesses accept payment in Bitcoin. Now, you can’t go up to the counter at Starbucks and pay for your latte in crypto. But you can link the Bakkt crypto application to your Starbucks app and pay from there. Meanwhile, Microsoft lets you redeem Bitcoin to fund your account balance to make purchases online.

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OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.