Vertcoin is building a crypto community with over 40 merchants and businesses that are accepting the coin for payments. As “The People’s Coin”, its message is to “build your own bank.”

Vertcoin (VTC) is focused on local shops, online merchants and independent businesses. Payment gateway CoinPayments facilitates Vertcoin payments for merchants. For online payments, the plugin integrates with a full range of e-commerce platforms, including WooCommerce, Shopify, Xcart, Drupal and WordPress, and charges a 0.5% fee.

Its growing list of companies includes Burrell-Law, a New York-based law firm that focuses on startups and early-stage businesses; Richmond Drone Services in Virginia; Royal Queen Seeds, a cannabis seed company in Europe; and Colorado-based PexPeppers, a hot sauce company.

“Vertcoin did not have an ICO or Premine, the developers work entirely from community donations. We are constantly looking for more people to help out and build Vertcoin,” the team writes on its blog, highlighting why it differs from many other cryptocurrencies and how it ensured the fairest distribution of tokens to its users.

Vertcoin also differs from Bitcoin and Litecoin because it does not have the majority of its hash rate owned by large mining companies where electricity is cheap. Since anyone can mine Vertcoin, it’s less prone to centralization.

The Vertcoin team has a list of different ways people can contribute and help grow the platform – from running a full node or translating content, to accepting VTC via a payment processor or by integrating the Vertcoin wallet into an existing payment system.

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Created in 2014, Vertcoin’s main goal is to remain “no frills” and fully decentralized, making it an effective and efficient cryptocurrency that anyone can use to purchase everyday items anywhere.

The team is also focusing on putting a spotlight on merchants that are accepting Vertcoin and spreading awareness of cryptocurrencies as a viable and reliable means of payment.

You can see Vertcoin’s full list of merchants here.


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.

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