Evaluate technology used in digital transactions
You are the financial advisor for a large antique coin and gold distributor. Some of your large customers are requesting the distributor begin accepting cryptocurrency, which is possible because of blockchain technology.
The distributor has been accepting credit cards and money transfers for many years. The fees associated with transactions have continued to increase. The fees have become so large that the distributor has been forced to pass along the cost to customers.
Customers outside the United States have also requested to use cryptocurrency since currency exchange rates can fluctuate greatly depending on world events.
The distributor asks that you prepare a presentation to stakeholders in the distributorship, discussing the acceptance of cryptocurrency, which uses blockchain technology. Be sure to support your recommendations with credible resources. Using the assigned readings in this module is a good starting point. Research databases are listed in the Resources area below.
You are tasked with preparing a presentation that will discuss blockchain technology, which could allow the distributor to accept cryptocurrency. The presentation will discuss the types of cryptocurrency, the advantages, the concerns, and the risks related to using cryptocurrency in the business. The stakeholders may not be familiar with this technology so be thorough in your description of the technology.
In Microsoft PowerPoint, Prezi, or another presentation tool create the presentation. The presentation should be at least 6 slides and should accomplish these objectives:
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