A method comprises: initiating, by a payor computing device of a cryptocurrency acceptance system, a payment to a payee computing device of the cryptocurrency acceptance system using a first cryptocurrency, wherein a cryptocurrency wallet of the payor computing device stores the first cryptocurrency, and wherein the payee computing device accepts a desired currency; placing, by a cryptocurrency acceptance network computing device of the cryptocurrency acceptance system, a hold on an amount of collateral cryptocurrency to back the payment, wherein the cryptocurrency wallet is associated with a stake account of the cryptocurrency acceptance network computing device, and wherein one or more staking entities store collateral cryptocurrency in the stake account for purposes of backing payments associated with the cryptocurrency wallet; sending, by the cryptocurrency acceptance network computing device, a first network acknowledgment of the payment to the payor computing device, wherein the first network acknowledgment verifies the amount of the collateral cryptocurrency is on hold; sending, by the payor computing device, an amount of first cryptocurrency required for the payment to the cryptocurrency acceptance network computing device; sending, by the cryptocurrency acceptance network computing device, a second network acknowledgment of the payment to the payor computing device, wherein the second network acknowledgment verifies that the amount of the first cryptocurrency is backed by the amount of the collateral cryptocurrency on hold; sending, by the payor computing device, a finalize instruction for the payment to the payee computing device; connecting, by the cryptocurrency acceptance network computing device, to a consensus network associated with the first cryptocurrency to verify the amount of the first cryptocurrency; sending, by the cryptocurrency acceptance network computing device, the amount of the first cryptocurrency to a cryptocurrency exchange device of the cryptocurrency acceptance system; converting, by the cryptocurrency exchange device, the amount of the first cryptocurrency to an amount of the desired currency required for the payment; sending, by the cryptocurrency exchange device, the amount of the desired currency to the payee computing device to complete the payment; and when the amount of the first cryptocurrency is verified by the consensus network: releasing, by the cryptocurrency acceptance network computing device, the hold on the amount of the collateral cryptocurrency. initiating, by a payor computing device of a cryptocurrency acceptance system, a payment to a payee computing device of the cryptocurrency acceptance system using a first cryptocurrency, wherein a cryptocurrency wallet of the payor computing device stores the first cryptocurrency, and wherein the payee computing device accepts a desired currency; placing, by a cryptocurrency acceptance network computing device of the cryptocurrency acceptance system, a hold on an amount of collateral cryptocurrency to back the payment, wherein the cryptocurrency wallet is associated with a stake account of the cryptocurrency acceptance network computing device, and wherein one or more staking entities store collateral cryptocurrency in the stake account for purposes of backing payments associated with the cryptocurrency wallet; sending, by the cryptocurrency acceptance network computing device, a first network acknowledgment of the payment to the payor computing device, wherein the first network acknowledgment verifies the amount of the collateral cryptocurrency is on hold; sending, by the payor computing device, an amount of first cryptocurrency required for the payment to the cryptocurrency acceptance network computing device; sending, by the cryptocurrency acceptance network computing device, a second network acknowledgment of the payment to the payor computing device, wherein the second network acknowledgment verifies that the amount of the first cryptocurrency is backed by the amount of the collateral cryptocurrency on hold; sending, by the payor computing device, a finalize instruction for the payment to the payee computing device; connecting, by the cryptocurrency acceptance network computing device, to a consensus network associated with the first cryptocurrency to verify the amount of the first cryptocurrency; sending, by the cryptocurrency acceptance network computing device, the amount of the first cryptocurrency to a cryptocurrency exchange device of the cryptocurrency acceptance system; converting, by the cryptocurrency exchange device, the amount of the first cryptocurrency to an amount of the desired currency required for the payment; sending, by the cryptocurrency exchange device, the amount of the desired currency to the payee computing device to complete the payment; and when the amount of the first cryptocurrency is verified by the consensus network: releasing, by the cryptocurrency acceptance network computing device, the hold on the amount of the collateral cryptocurrency.