Cryptocurrencies continue to attract more and more interest, contributing to the development of infrastructure for their use. Every week, technological solutions emerge that open up new opportunities for users and investors.

Individual entrepreneurs and small businesses are also actively interested in cryptocurrencies, recognizing their potential to expand markets and improve financial transactions. Many companies are beginning to consider cryptocurrencies as a tool for paying for goods and services and for investing funds. Market leaders are actively adopting blockchain technologies to improve the transparency and efficiency of their business processes.

Here is a list of well-known global companies that are already using blockchain and cryptocurrency in their infrastructure: Microsoft, Goldman Sachs, Maersk, Petroteq, UBS, Barclays, Credit Suisse, Walmart, Tyson, Unilever, Nestle, Kroger, Dole, McCormick and others.

Money transfers worldwide

The use of cryptocurrency greatly simplifies the process of money transfers to any country, offering fast and convenient solutions. Why it happens:

• unlike traditional bank transfers, which can take several days, cryptocurrency transactions are instantaneous, thanks to the use of blockchain technology and the absence of intermediaries.

• crypto transfers are much cheaper for users. The cost of an international wire transfer ranges from 1% to 4% with minimum amounts ranging from $30 to $450. The terms of transfers are limited by the amount, currency and country of receipt. The transfer period can stretch for weeks.

When making transfers within cryptocurrency services, the transaction itself is usually free and takes seconds. When making transfers through an external blockchain, the cost of collecting the network fee of the selected token is added. The network fee ranges from one to several US dollars (sometimes even less than $1).

Source: AWX.pro

Use of cryptocurrency services in real business

The adoption of blockchain technology would not be possible without the “technical operators” that enable the use of cryptocurrency.

Such services provide opportunities to improve processes in various industries and spheres of activity. Let's consider specific examples of its application.

Tourism

In the travel industry, where international payments and reservations are commonplace, digital money simplifies the payment process and provides instant transactions without borders. This helps Travel companies attract customers from all over the world and offer them convenient payment options. Many hotels are happy to receive reservations via cryptocurrency transfer as currencies of tourist countries are subject to severe inflation, digital assets save money from depreciation.

Real estate

Real estate transactions are complex financial transactions that require a high degree of trust and security. The process of conducting transactions through fast and transparent cryptocurrency transfers, reduces risks and increases convenience.

At the international Property Show exhibition in Moscow, representatives of real estate agencies in Dubai said that it is possible to obtain a resident visa when buying housing in the UAE. The owners then rent out their accommodation during the holiday season, and in the velvet season they come on vacation themselves.

These financial transactions between sellers and buyers usually take place remotely.

One of the participants of the real estate exhibition, the head of one of the departments of the AWX service, shared his experience of conducting such transactions, when it is not necessary to come to Dubai to buy, all transactions are conducted remotely from the office in Moscow. The service is ready to take care of international transactions.

Investments

In the field of investments, cryptocurrencies open up new opportunities to participate in trading operations. Users can quickly and conveniently buy, sell various cryptocurrencies, expanding their portfolio and diversifying their investments.

We can agree with the managers of major investment funds that cryptocurrency is indeed becoming a protection for citizens of developing countries against inflation.

Sources: AWX.pro, bits.media

Online games

Cryptocurrency is an ideal unit of account for the video game industry and other entertainment. With cryptocurrency in your wallet you can fund any accounts in popular online games that support the acceptance of cryptocurrency.

There are a number of popular games where players receive cryptocurrency for completing tasks. Through special services, you can convert game cryptocurrency into fiat money and receive it on your card or in the office in cash.

Donations

Many charitable foundations accept cryptocurrency donations from patrons who wish to remain anonymous. Bloggers, artists, and artists gladly accept donations from their subscribers via cryptocurrency.

Cryptocurrency makes it easy to conduct such transactions. The most important thing is that the recipients will get the maximum possible amount, as there will be no intermediaries between you, who will take the lion's share of the amount in the form of commissions.

Purchase of goods and services

There are stores where payment with bank cards is not available, you don't need to go far for an example, these are residents of countries that have fallen under sanctions. The advantage of cryptocurrencies in this case is obvious, you can easily bypass the restrictions for payment for goods and services abroad.

This is especially relevant for buying airline tickets and paying for various digital services. Cryptocurrency purchases are also relevant for those who already have cryptocurrency, so you can save money on conversion to fiat by paying directly with digital currency.

Barriers and risks when using cryptocurrency

Despite the potential benefits, there are significant barriers that can make it difficult to integrate cryptocurrencies into applied business tools. These include the risks of hacker attacks, theft of funds and fraud. Companies should take measures to protect their digital assets, such as the use of dual authentication technology, IP binding and limited session time.

Following these measures greatly increases the assurance that any user data, as well as the contents of their portfolio, will remain out of reach of hackers.

Legality

Compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) policies means that the cryptocurrency traded on the exchange is legally clean and has not been used for criminal purposes. This significantly reduces the risk of law enforcement scrutiny and increases confidence in the transactions being conducted.

Users need to be confident that their funds are protected using advanced cryptographic storage methods, the risk of asset loss or theft is minimized.

SumSub and Chainalysis, provide specialized compliance and security solutions for cryptocurrencies, which can be a key factor in choosing the right service.

Trust

Successful integration of cryptocurrency into business requires trust from customers and partners. It is necessary to overcome stereotypes and prejudices related to the use of digital assets by providing transparent information about the safety and reliability of the processes.

Choosing a service for working with cryptocurrency

How can you understand which services you can cooperate with and which ones you can't? When choosing, pay attention to:

• the company's cooperation with international KYC and AML service providers to ensure compliance with regulatory requirements;

• assessing legal aspects, including licensing and compliance with local and international regulations;

• payment methods offered by the service - fiat money, bank cards, electronic payments and others;

• having physical offices in your city can increase confidence in the service and provide a point of contact when questions arise;

• feedback on the quality of customer support. Fast and responsive support can make the cryptocurrency exchange process much easier;

• sufficient liquidity to exchange large amounts of cryptocurrencies without significant changes in price;

• reviews of other users about the service. See what customers think about the service in reviews on Yandex.

When searching in Yandex for the query «Buying cryptocurrency in Moscow office» one of the first in the output was the financial service AWX.

When looking at the service's homepage, we found out that the service's clients can buy, sell and transfer cryptocurrency on the service's website, through the mobile app and in physical offices across Russia and neighboring countries. The company has a spot exchange, works with bank cards and has 24/7 support.

The SumSub service is used for verification.

В Яндекс картах компания имеет 48 отзывов со средним баллом 4,5.

The client of the service receives a free custodial wallet with a modern, multi-level security system. In case of losing access to the account due to a forgotten password, you can always restore access through the service's 24/7 support service. Note that in case of a non-custodial wallet, the loss of the private key and/or mnemonic phrase (seed phrase) means the loss of the entire amount stored on this wallet. This is not a mass product, but a choice of narrow crypto-professionals and experienced market participants.

Here is an example of the best choice of service for working with cryptocurrency.

Conclusion

To summarize, we would like to show the important role of cryptocurrency, it opens new opportunities for entrepreneurs, investors and ordinary users, allowing them to conduct transactions quickly, safely and transparently. Regardless of the field of activity, every company should have a reliable partner to achieve its goals.

Entrepreneurs need to explore the use of cryptocurrency to successfully compete in their niche, it would be a mistake to ignore technological innovations. Try using cryptocurrency services and you will discover a new level of convenience and security in financial transactions.

The future is here, and trusted partners with state-of-the-art technology can help you meet it with confidence and success.