SPONSORED: The Cryptocurrency Conversation – Arkansas Business Online

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Technology continues to evolve, and the pandemic has shown us more than ever that the reliance on technology is here to stay.

In 2020, we had to give some thought to cash and the role it plays in our life. It is germ-infested, a challenge to trace and the U.S. experienced a shortage. Its certainly safe to say that the future of cash is uncertainthis is where the cryptocurrency conversation begins.

In defining cryptocurrency, NerdWallet.com explains: Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You will need to exchange real currency for the cryptocurrency to access the good or service.

Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.

Recovering from ransomware is one of the many crucial ways cryptocurrency is used. This is what forced novices to become experts on the subject years ago. Having a resource to keep computers protected and safe was no longer going to be sufficient; clients and communities needed a bridge for financial technology and the security it offered.

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SPONSORED: The Cryptocurrency Conversation - Arkansas Business Online