Vitalink has been one of the biggest companies in the cryptocurrency market. The company has been making some great profits in the recent past and has managed to garner a significant amount of interest in the market. However, there seems to be a cloud of darkness enveloping the crypto scenario. The past few months have been utterly disappointing for every company in the market. The cryptocurrency market is currently going through one of the darkest phases of its time.
Almost every company has incurred huge losses. Companies like Coinbase are on the verge of getting dissolved. Big names such as Ethereum and Bitcoin also could not escape the wrath. Both companies saw the prices of their shares go down and reach record lows. Vitalink has also been particularly falling behind in the last couple of months. The way their prices have dipped has made everyone involved with the company genuinely concerned.
Analysts and experts have taken their precious time out to dig into the reasons why the crypto giant is facing such a lean phase. However, the officials are still very much optimistic about the future of the market. They are even trying to encourage investors to opt for cryptocurrency for making their payments. Let us learn more about the story in detail below.
Vitalink Encourages Crypto Payments
Vitalink has stated that they will be promoting the advantages of opting for crypto payments for laymen. The company recently posted on social media stating that paying through crypto can be the most effective and hassle-free way of making financial transactions worldwide.
Vitalink pointed out that the censorship-resistant algorithm of crypto payments makes it much more convenient than traditional payment methods.