Does a business need to accept payments in cryptocurrency?

[Heatman]

Yes, it's not advisable for you to accept cryptocurrency as payment in your business if you don't know to use it to stop yourself from losing money if there's a dip after you've been paid for your products.

When accepting cryptocurrency as a means of payment doesn't help your business, it's not what any entrepreneur should be doing because instead, you're going to be putting your business in very tough situation. You can't use USDT as the only coin to accept because it takes too much charges.

 

[Good-Person]

Exactly! An entrepreneur should always make sure that whatever payment system that he or she is using for his business is always going to be something that is going to be beneficial to him. When you have sold your product to your customers and they made payment, it doesn't concern your customers anymore. When you lose your money in the process of how you received it that is your own loss.

Many experts predict that there will come a time when cryptocurrencies will become one of the mainstream payment methods. As of now, it might be possible that cryptocurrencies may be facing a lots of problems. However, there are chances that cryptocurrencies will make a great comeback in the future.

 

[Ja Sa Bong]

Many experts predict that there will come a time when cryptocurrencies will become one of the mainstream payment methods. As of now, it might be possible that cryptocurrencies may be facing a lots of problems. However, there are chances that cryptocurrencies will make a great comeback in the future.

I want cryptocurrency to be accepted as fiat currencies are accepted. If it can become like this in the next 10 years, more people will be willing to use it because they will know how to make use of it in any transaction. At that time, it may be easier to accept it in more businesses.

 

[Niolaxx]

Cryptocurrencies aren't regulated or backed by any government. Accepting crypto as payment at your business can lower transaction fees but also introduce security concerns.

 

[Good-Person]

Cryptocurrencies aren't regulated or backed by any government. Accepting crypto as payment at your business can lower transaction fees but also introduce security concerns.

I think that if a business is conducting cryptocurrency transactions for the right kind of reason, then there is nothing wrong with using cryptocurrencies at all. In fact, using cryptocurrencies could expand your business even more. Many nations do realise this and this is why they have legalised cryptocurrencies, even if they have not considered it as a legal tender.

 

[Heatman]

A lot of people have been making this kind of predictions for years which have been up to 15 years and it is not yet happening. Government are not backing the use of cryptocurrency openly and as long as this is not happening with most major big corporations are not backing cryptocurrency, it is definitely going to be impossible for cryptocurrency to be accepted as the mainstream payment method.

Many experts predict that there will come a time when cryptocurrencies will become one of the mainstream payment methods. As of now, it might be possible that cryptocurrencies may be facing a lots of problems. However, there are chances that cryptocurrencies will make a great comeback in the future.

 

[Ja Sa Bong]

Cryptocurrencies aren't regulated or backed by any government. Accepting crypto as payment at your business can lower transaction fees but also introduce security concerns.

The main security concerns of accepting cryptocurrency as payment in your business is losing your money in the market volatility. Governments have never supported cryptocurrency but it's never stopped it from being used in business transactions.

 

[Heatman]

Cryptocurrencies aren't regulated or backed by any government. Accepting crypto as payment at your business can lower transaction fees but also introduce security concerns.

The only way it is going to be possible for you to accept payment made in cryptocurrency in your business is if your customers are even interested in paying using cryptocurrency.

Most customers are not willing to risk having their money in cryptocurrency because it doesn't guarantee that their money will not lose value before they want to make use of it for any kind of transaction.

 

[Good-Person]

A lot of people have been making this kind of predictions for years which have been up to 15 years and it is not yet happening. Government are not backing the use of cryptocurrency openly and as long as this is not happening with most major big corporations are not backing cryptocurrency, it is definitely going to be impossible for cryptocurrency to be accepted as the mainstream payment method.

Well, it may certainly take some time for businesses to accept cryptocurrencies. It may not happen as of now because many businesses are still utilising traditional methods to receive payments. Around 20 years ago, businesses were using cheques. However, now they use payment processors. Things shall change, but it may take some time.