Cryptocurrency seems scary because of some of the major early failures of the systems.  But the fact of the matter is, you have to fail in order to get stronger and better.  New virtual currencies are popping up all the time, and they each focus on different needs and improvements to the preceding systems.

Litcoin, for example, is based on Bitcoin, but it makes some notable improvements to the was Bitcoin is used and administered.  For starters, Litcoin is not centralized.  Other forms of virtual currency have been developed to meet specific business needs.  Cannabis Coin was developed to help meet the unique challenges of operating a business that is legal at the state or local level but not at the federal level.  Most banks won’t touch cannabis money even though it is perfectly legal, so business owners now have an alternative to huge stacks of cash.

Learn more about virtual currencies from this infographic.

Virtual-Currencies-The-Future-of-Payments

 

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