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eCommerce
Digital Currency Conversion (DCC)
What is Digital Currency Conversion (DCC)?
di - gi - tal cur - ren - cy con - ver - sion
noun
Digital Currency Conversion (DCC) is a business process that enables customers to convert digital currencies or cryptocurrency into other assets, including traditional fiat currencies.
How does DCC work?
A currency exchange works in a similar way to a standard currency conversion, allowing the users to place orders to exchange one digital currency to another, for a given exchange rate and incurring transaction fees.
Currency exchanges operate on digital marketplace platforms like mobile apps or through desktop functions like e-brokers.
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