Hauser Insurance, based in Cincinnati, Ohio, is a private company that provides insurance solutions and commercial risk management. Founded in 1971, it helps other companies with acquisitions or mergers, and some benefits of its risk management services include cost reductions and lesser risk exposures. Mark Hauser Insurance serves any size business across the U.S.
Cryptocurrency payments have been gaining in popularity. Cryptocurrencies are digital currencies that use a distributed ledger, or blockchain, technology. They can be used to complete transactions. The most popular is Bitcoin for its market capitalization and security.
People invest in cryptocurrency because they expect long-term growth, even though a good percentage of investors buy it for short-term gains. Another reason is that cryptocurrency is always changing and so offers exciting gambling opportunities.
Bitcoin has lost market share due to competitors that target specific niches, including Dogecoin and Monero. Centralized and decentralized currency exchanges exist; the former can be hacked, while the latter is more secure. Companies were hesitant about accepting Bitcoin, since credit cards are safer, but now large businesses accept it.
U.S. banks don’t allow someone to buy cryptocurrency from them; cryptocurrency is volatile and could hurt bank revenue. Some insurance companies let customers pay bills using cryptocurrency.
The volatile nature of cryptocurrencies means market swings; people sold a lot of them in response to increased interest rates.
Criminals use cryptocurrency scams to steal others’ money, including by using phishing schemes. Crime rates have been rising. If someone notices warning signs, they can contact agencies, including the FBI.
Although cryptocurrency isn’t regulated by the government, there are some who would like to see that happen. Investors should keep records of their transactions and not invest too much in cryptocurrencies. Hauser Insurance has experience with cryptocurrency logistics and provides advice to investors.