Is it ideal for companies to use cryptocurrency as one of its payment processor?

[Potuse]

Considering the level of volatility in cryptocurrency one would be wondering if it's really possible for companies to adopt cryptocurrency as one of its payment processors because the cryptocurrency received now could decline and it would amount to losses.

 

[Riberet19]

I believe that many companies still do not accept cryptocurrencies as a payment method, one is because of the regulation of the country in question and another is because they are too volatile, nobody wants to receive frequent payments on an asset that can quickly be worth less than the price established by the one you received them, and they should be prepared to settle the payment in dollars quickly, the only good thing about this could be that they consider the small commissions of some cryptocurrencies.

 

[Mayorla]

Yes, I think it is ideal for companies to use crypto currency as one of its payment processor. But due to the high volatility of crypto currency, Then it would be safe to sell it off immediately after receiving payment.

 

[Henrywrites]

Considering the level of volatility in cryptocurrency one would be wondering if it's really possible for companies to adopt cryptocurrency as one of its payment processors because the cryptocurrency received now could decline and it would amount to losses.

The high volatility index is a big concern as there are situations where dips will make a company lose a lot of money via crypto. However, having stable coins has made it easier for anyone that is serious to use crypto coins as a payment processor to go ahead and do so. It is something that I will support no matter how we look at it.

 

[Nomad]

I have used crypto to buy products and services multiple times, I find it easy to pay with crypto. I also accept crypto for my products and services. One of the major risks associated with using crypto as a payment form is market volatility. The value of crypto can go down dramatically just in a few minutes.

 

[Shortie]

I myself with my business would only offer PayPal and CashApp in the beginning and before CashApp it was just PayPal. I found this left me limited to how many people wanted to use my services as they wanted to use a payment method other than PayPal.

I now offer payments through crypto and the ones I offer are Bitcoin and Litecoin and I have found that has helped a lot with how many people use my service now.

Some people I understand do not always trust crypto even now but for those that do, I would recommend offering it as an option.

 

[Heatman]

I have been using cryptocurrency as a means of payment for some products I purchased online and I also receive it as payment for most of my online jobs. I do this because I understand how you use cryptocurrency and not lose money because of the volatility of cryptocurrency. Companies can only use cryptocurrency if they know how to.