Talk to us. Do you run a successful business? If so, what payment methods do you accept? Is Bitcoin or any other cryptocurrency a part of your business model? You don’t have to answer us, we’re not looking to take a peek at your books. No, we’re going to say what we came here to say. Once we’re done, and you read this article, you’ll be asking these questions. The one thing you need to prepare is the mirror, as you’ll be talking with yourself.
Running a business these days is not an easy feat. COVID-19 made many things complicated, but in some manner, it made cryptocurrencies a mainstream method of payment. During the lockdown that encompassed the whole world. Digital currencies rose in value, and the way things stand now, they’re not going anywhere. This is an adapt or perish period, and your business can be on the gridiron sooner or later. If you do not want to be tackled by the novelties of the world we’re living in right now, you need to embrace cryptocurrencies. It doesn’t matter if it’s BTC or Ethereum, your company needs to be able to work through digital currencies. If you don’t think this is the way things are now, listen to us. Here are the four benefits of accepting crypto payments for your business.
1. Friendly Transaction Fees
Playing football at the NFL level revolves around getting the bag; ending your rookie contract on a high note and securing the millions in the bank with a long-term contract. Running a business is similar; you need to earn to survive and prosper. One of the ways to do this is to cut your expenses. Large companies spend millions on transaction fees, and if you’re streaming towards being a massive firm, the number of your transactions per day is going to increase.
But, while you’re operating at a smaller level, processing fees can be quite a burden for your finances. This is where crypto comes into play. It is a well-known fact that when working with digital currencies, processing fees are lower compared to regular payment methods. If you opt for a mainstay cryptocurrency, Bitcoin, your transaction fee can be lowered below 1%. In comparison, if you receive payments via credit or debit card, these fees are above 3%. It’s worth thinking about it. No, it’s worth putting things in motion.
2. Fewer Limits
Cryptocurrencies are a new financial player. Not only that they brought out a new style of paying and trading, but they also brought new rules and bent some of the old ones. Nothing like Bend it Like Beckham starring Keira Knightley, but we’re getting there as we speak. Digital currencies are global currencies, and they can be used in all corners of the world. There are very few limitations tied to crypto that you’ll find with fiat currencies. Both the seller and the buyer in this tale can do business, with the only need being access to the internet and a cryptocurrency processing app. With BTC and similar currencies you’ll see that there are very few borders to be crossed, and no customs.
3. Better Security
We’re no longer living in the dark age of the internet. Today the web can be trusted, and our trust lies with it. Many people doubt digital currencies because they’re tied to the internet, software, hardware, and computers in general. But, that’s not a reason for distrust. That’s a reason to rely on cryptocurrencies. If you didn’t know, credit and debit cards are less secure than they ever were. During the coronavirus pandemic, the number of frauds involving these payment methods skyrocketed.
When these frauds hit innocent people, in most cases small businesses are those hit the hardest. During the hard times, especially in the last few years, it was proven that working with cryptocurrencies is way more secure compared to the regular means of paying. It all comes down to the lack of need for verification from a third party. The system which is based on e-wallet, blockchain, and high-end data processing can’t fail as often as regular and established payment systems can. Crypto security is why many people turn to mine and trading cryptocurrencies, which is something you can do if you click here.
4. Brand Strength
These days, it’s all about the strength of your brand. It only takes one right move and you’ll become a powerhouse. Just take a look at Cincinnati Bengals and Joe Burrow. You can have your first-round selection taken in the form of Bitcoin for example. If you make payments possible by using cryptocurrencies, you’re making a great first step towards establishing n a brand. It is not only a matter of being modern and following trends.
You give a lot of options to your customers in the terms of paying for goods and the speed of transaction. We are not even going to mention what allowing digital currency payments does to international businesses. With this small move, you can expand your brand with ease beyond the borders of your homeland. Another massive aspect is that everything technologically new is trending in the direction of cryptocurrency. With the way our world grows each day, it’s not as crazy to believe that cryptocurrencies are the future.
Final Thoughts
There’s not enough space to continue speaking greatly about digital currencies. The world of business is slowly shifting towards digital assets, and if you want to prosper you need to adapt quickly. While many people would argue that dealing with cryptocurrencies is a great risk, we beg to differ. Yes, there is a risk you are assuming when start working with crypto, but all the risks regarding digital currencies are well known. You can account for them in advance. If you want to account for your business right now, you’ll make payments possible via crypto. As you can see in the article above, we have laid down a pretty reliable case in favor of this. If you have a contra argument we’ll hear it gladly. Bring it on!
