Navigating the cryptocurrency minefield

Contrary to popular belief, virtual currency is actually extremely secure

The online payments industry is in a phase of change with developments coming thick and fast in how payments are made, on what devices and in what form.

Understandably, many businesses trying to navigate the online payments industry are finding it hard to know which direction to take in these turbulent times.

However, the variety of new payment opportunities also makes it an exciting time for those who are willing to take a gamble and ride the rapids, so to speak.

One of the most intriguing developments in the payments industry is the rise of cryptocurrencies, which have the potential to completely alter the landscape of the industry as we know it.

>See also:Something you didn't notice in the Chancellor's Budget 2015: a step forward for bitcoin

Free from any banking or state authority, and designed for the world of online payments, cryptocurrencies are arguably the next step in the evolution of money. Yet, despite all its revolutionary potential, this is a payment option that many businesses are wary of.

The big concern with cryptocurrency is how secure an investment it is without the same levels of regulations in place, and with no insurance, how can you guarantee your money will retain its value, or be there at all?

Moreover, only years into the short history of cryptocurrency there are already real-life examples of how it can go terribly wrong.

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Navigating the cryptocurrency minefield