What is Cryptocurrency?
A cryptocurrency, or crypto is a collection of binary data which is designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger which is a computerized database using strong crytography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. The decentralized structure of crypto allows them to exist outside the control of governments and central authorities.
What Cryptocurrencies do we accept?
We currently accept Bitcoin, dogecoin, Ethereum, LTC, USD Coin (USDC) and DAI. In partnership with Coinbase, we expand our flexibility by utilizing the above cryptocurrency for transactions.
Why do we accept Cryptocurrency?
Though Cryptocurrency currently has limited places to spend compared to Dollars and Pounds, it has a rapidly growing market especially in recent years, Genmist is striving to provide the best online shopping experience for its users and aims to meet the diverse needs of customers, thus we embrace the new payment method.
Breaking the boundary is the inner spirit of Genmist, the new movement is just as what we advocate.