A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems. When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
The prices of different cryptocurrencies vary widely based on the same principles of supply and demand that nearly all currencies are subjected to. Some cryptocurrencies can be worth thousands of dollars each, or they can be less than one cent each.
The greatest part about cryptocurrencies is that you do not have to buy a whole coin to have the cryptocurrency. If you wanted to buy $100 worth of Bitcoin, even if bitcoin is worth thousands of dollars, you can still buy part of a whole coin.
Hippy accepts a lot of different cryptocurrencies as payment, here is a big list!
Bancor Network Token (BNT)
Basic Attention Token (BAT)
Bitcoin Cash (BCH)
Enjin Coin (ENJ)
Kyber Network Crystal Legacy (KNCL)
Synthetix Network Token (SNX)
USD Coin (USDC)
OMG Network (OMG)
Yes. We want you to be able to pay the way you want to pay. We even have plans of creating our own coin in the future.
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