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icon date16th Oct 2020

What We Love About Bitcoin, Litecoin, XRP & Ethereum

Ever since our parent company, Aliant Payments, began offering a crypto payment solution in 2017, it’s been all about Bitcoin, Litecoin and Ethereum. We have also added Bitcoin Cash and XRP to the list in 2020.

Our favorite coins for crypto payments

Although there are thousands of cryptocurrencies in existence, the CryptoBucks team is focused on offering merchants the fastest, easiest, and coolest cryptocurrency payment app that allows them to accept payments in these five digital currencies. Why Bitcoin, Bitcoin Cash, Litecoin, XRP and Ethereum, you ask? Well, when selecting the coins to feature on our CryptoBucks platform, we look for the following:

  • Which coins are bought the most?
  • Which coins are the easiest to buy and sell?
  • Which coins are most recognizable to consumers?
  • Which coins will be around in 10, 15, or even 20 years?

Our top concern is paying attention to what consumers care about. After all, they are the ones who are going to spend their cryptocurrency and help us make crypto payments mainstream. But here are some things we specifically love about each crypto payment option we offer:

Why we love Bitcoin!

The largest cryptocurrency by market capitalization, Bitcoin is the king. Nearly everyone in America has heard of Bitcoin. There’s no way we could seriously offer crypto processing and not include Bitcoin payments!

Why we love Ethereum!

After Bitcoin, Ethereum has the second highest market cap. However, it was designed to be much more than a payment system. Ethereum is an open source platform, which gives application creators the ability to implement Blockchain technology in order to create decentralized software. Its main objective is smart contracts, which are executed safely and without the need for third party intervention.

Why we love Bitcoin Cash!

The main advantage Bitcoin Cash has over Bitcoin is that it is cheaper and faster to use. This is because it is more scalable, meaning that more users can transact on the blockchain at any given time. The Bitcoin Cash development team is good about quickly implementing solutions that make the blockchain more scalable, giving it good future potential for adoption and use.

Why we love Litecoin!

Litecoin is a faster transaction with plenty of liquidity, meaning that it can easily be converted to USD. This makes it great for small, everyday purchases at places like cafes, gas stations, and convenience stores.

Litecoin is also easy to acquire with a relatively small price entry point, making it a great way to start in the crypto markets as a consumer.

Why we love XRP!

XRP is a utility-type coin that is great for global, cross-border payments. Specifically, it’s faster, cheaper, and there’s no face-to-face interaction required to make a transaction.

  • With transaction confirmations taking just five seconds, it’s a highly efficient settlement option for those seeking global reach, accessibility, and quick settlement.
  • In a traditional international wire, one must go to the bank in person, and physically sign something. XRP provides an instant and reliable means of paying and transferring money, without having to physically interact with anyone. Considering we are in the middle of a global pandemic, it’s pretty perfect!
  • When moving money internationally using a bank or traditional financial institution, there are lots of middlemen and everyone takes a cut. The fees quickly add up and it gets expensive. In additional to being faster and easier, XRP transactions are also cheaper.