Airway and Sleep Group is the first specialist in orthodontics accepting cryptocurrency locally for Virginia and the US. Making the exchange of cryptocurrency available to its customers, Airway and Sleep Group now accepts cryptocurrency payments via Ethereum, Cardano and Binance.
WIth the annual inflation rate in the US surging to 6.2% in October of 2021—the highest since November of 1990—people are starting to be concerned about the value of their U.S. dollars and have become more interested in blockchain technology.
It’s estimated that there are currently 2.2 billion individuals across the world don’t currently have access to traditional systems of banking or exchange. However, they do have access to the Internet or mobile phones. The potential to make asset transfer and transaction processing available to this vast market of willing consumers is available in the cryptocurrency ecosystem.
Blockchain technology, or cryptocurrency, is a type of currency which uses digital files as money. Cryptocurrency is a form of payment that can be exchanged online for goods and services. In other words, cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds. Digital signatures can be used to keep the transactions safe, and let other people check that the transactions are real.
Like any currency, cryptocurrencies gain their value based on the scale of community involvement (like the user demand, scarcity or coin's utility). The value of anything is determined by supply and demand. If demand increases faster than supply, the price goes up.
Cryptocurrency transactions lead to greater clarity in establishing audit trails, less confusion over who should pay what to whom, and greater accountability, in that the two parties involved in a transaction each know who they are. Cryptocurrency lends itself to more confidential transactions by being a unique exchange between two parties, the terms of which may be negotiated and agreed in each case which guards the privacy of your financial history and protects you from the threat of account or identity theft.
To learn more about how to pay for goods and services from Airway and Sleep Group using cryptocurrency, contact us at 571.244.7329.