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What is Cryptocurrency? Which Countries Are Accepting Them?

Cryptocurrency has gained quite a bit of popularity over the years because of the way you can save money that other financial institutions would charge for all the transactions that are performed online. There are still some countries out there that do not accept cryptocurrency. China and Brazil are two of the countries that oppose this method of payment still. There are quite a few countries that accept this currency and the U.S. is one of them.

Key Takeaways:

  • Cryptocurrency is a way to exchange funds online that leverage block chain technology.
  • Many companies are starting to accept cryptocurrency as payment now, including Microsoft and Dell.
  • There are countries that oppose the use of cryptocurrency like Brazil and Turkey whereas it is completed banned in China.

“Cryptocurrencies have gained a lot of popularity in recent years as users can avoid high fees charged by traditional financial institutions for transactions.”

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