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Universal banks Cryptionary

As you dive into the world of cryptocurrencies, it may feel like you have to learn an entirely new language to truly understand what’s going on. Just as with any specialised field, cryptocurrencies come with their own terminology and jargon. Here’s a handy reference guide to some of the most common terms you may come across.
Aa
ACH – ACH payments are electronic payments made from one bank to another through the Automated Clearing House network. Many people already use ACH payments and may not know it, such as with direct deposit or paying bills online with checking accounts. ACH payments are a popular option for buying cryptocurrency for members on Uphold.
Address – A cryptocurrency address is used to send and receive transactions into Digital Wallets. Similar to a routing number, wallet owners share this address with anyone they wish to receive funds from.

Altcoin – Altcoins are abbreviated from “bitcoin alternatives”. It’s used to describe any single cryptocurrency that is not bitcoin. Most popular altcoins use the same fundamental building blocks as Bitcoin.
AML – AML is an acronym for “Anti-Money Laundering.” AML regulations were originally designed around traditional centralised banking systems, and have since needed to adapt to account for Bitcoin and other cryptocurrency transactions.

Company Name: UNIVERSAL BANKS
Mail: support@universalbanks.com
Website: https://universalbanks.com/
Locations: Cyprus , Germany and Hungary.

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Salman Ahmad Siddiqui founded SpotHerld with an aim to provide the public with timely and unbiased news, presenting each story from a distinct perspective tailored by our team. As a skilled journalist, I boast a distinguished portfolio and excel in content analysis and research. Salman, a proficient and knowledgeable individual in the business industry, also contributes valuable insights to Tech section on the website. You may reach us at- spotherldeditorialteam@gmail.com

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