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17/06/2021
5 good reasons why your next payment should be with Crypto
Recently, in early 2021, Vitale 1913 brought to its clients a novelty, the possibility to pay with cryptocurrencies. This is a much faster payment method and a secure option mostly interesting for those investing in diamonds, and we are going to tell you why!!
Before we dive right into it, we will be taking a step back and explain what cryptocurrency essentially is and how it works.
We are sure you have heard about cryptocurrency; If you are unsure, you might know it as Bitcoin, one of many, but it was the first crypto to arrive in the market in 2009.
A cryptocurrency is a digital or virtual currency that is secured by cryptography. It works without a primary repository or single administrator. Instead, it is a peer-to-peer system in which the transactions are made between the users – giving you complete control of your payments. These transactions are verified by a network of codes and recorded in a publicly distributed ledger called a blockchain.
As cryptocurrencies do not physically exist, they are digital cash units that reside as bits on your computer, but they can be used to buy goods.
Digital currencies work through a decentralized network meaning that they are not issued or regulated by a central bank – as fiat currencies are – or any other authority. They are traded via online exchange and stored in various types of crypto-wallets, equivalent to a bank account.
Now, let’s find out how you can benefit by using cryptocurrencies for your next purchase of Investment diamonds.
The first reason is, cryptocurrencies have practicality and a lightning fast processing time, taking up to a few seconds to process funds. With the possibility of paying using QR codes or making the transfer manually, as said making it very practical.
The second reason is security, an important factor for high value investments such as diamonds. Using blockchain technology and excluding human interaction in the process, the safety of the transaction is much higher when compared to traditional currencies. The system also prevents fraudulent activity as the payment process is entirely done by computers.
Investment diamonds are known for their high quality and their value only increases with time. For this reason it comes with an exorbitant price and many investors prefer anonymity regarding their private investments. With traditional currencies making anonymous payments are not possible as those are processed by banks, and controlled by governments but with crypto, you can decide if you want the payment to be public or anonymous. Being anonymous is the third reason.
The fourth, and maybe the most exciting reason, is its decentralised nature. In other words, this means no third party can freeze, take away or have control over your funds – being that a bank or a government. In this case you can use your cryptocurrency as you want, as often as you would like and yet benefit from all the other reasons that fiat currencies do not offer as practically, safety and anonymity.
Virtual currencies are the payments of the future. Do you need a better reason than that?
Think out of the box and stay ahead of the curve, to be familiar and to use virtual currencies bring you one step closer to the future – this is our fifth reason!
Currently, cryptocurrencies, specifically bitcoin, continue to rise in value, with a new record crossing the mark of 1 trillion market capitalization. As a result, more investors assess a comparison between the famous cryptocurrency with an equally well-known asset: gold. In theory, ‘both assets, experts say, are often seen as ways to diversify a portfolio or as a hedge against fiat currency inflation brought about by what some observers see as unsustainable fiscal and monetary policies’ Market Insiders (2021). However, if bitcoin keeps rising in value and increasing in popularity, a significant change towards digital currency may be seen in the future.
It is no surprise that in the last few years, the luxury goods industry has been evolving and adopting innovative technologies as solutions to its daily activities. Vitale 1913 works in the digital environment of block-chain, believing that accepting digital currency is just the next step to a high-quality service when offering up-to-date services.
Considering this as the best option for those who want to cut down bureaucracy, waiting-time to process funds, and take advantage of complete anonymity, Vitale 1913 was looking over its clients’ needs when adopting this innovative service in its showroom and website.
This brilliant initiative came from Vitale 1913’s CEO Alberto Vitale, who, thanks to his experience in the investment sector, can develop personalized strategies tailored to each client’s needs in the modern digitalized world. To support this ambitious environment, the company accepts a broad range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and Stellar Lumens. The options include small and greater amounts of payments using cryptocurrency, and the payment can be made according to the client’s preference.
Alberto Vitale would be glad to welcome you and answer your questions by e-mail at [email protected] or by phone: +377 93 50 24 26 if you have any inquiries.
Written by Katharina Benjamim