Why are these so important in business now?
If your business doesn’t use any of these cryptocurrencies already, you may want to start incorporating them soon. When it comes to online financial transactions, cryptocurrencies like the ones above have quickly started to give PayPal, Stripe and other payment systems a run for their money.
Cryptocurrency transactions aren’t validated by a central entity, meaning there are no bank or platform fees associated with payments -- just optional, minute fees (one percent or less) that speed up the transaction. You also don’t have to wait nearly as long to receive cryptocurrency as you may with traditional money.
Again, a cryptocurrency's most important feature might be that it's truly international; no particular government owns or regulates it. This means there are no fees for payments that cross borders, and the transaction works the same no matter where you or the other party are located.
The only major disadvantage to cryptocurrency is the need to sell it for USD (or any other government currency). However, this process closely imitates the way you’d transfer PayPal funds to your checking account.