Should a new business accept cryptocurrencies?

[Cee C Chriss]

Yes,l think its okay just like Bitcoin has the world most accepted and deployed cryptocurrency which had been relevant for the past decade. It value and worth made it surpass every other coin like ethereum, litecoin, dogecoin etc. when it comes to investing all time. Its value and worth in the nearest future will surely multiply by it present value. It a win win for those who buy and sell bitcoin anytime anyday. It really worth investing your time, effort and money on. Its coin with a good prospect.

 

[Goldentaby]

The number of vendors that are accepting cryptocurrency has continued to grow over the last few years, however there are still quite a few that do not accept cryptocurrencies and many more that have not even considered it in the first place. When someone opens a new business there is capital that is needed and then need to try and establish themselves within the community. By accepting cryptocurrencies you are generally opening up your customer base to a whole new group of people who are solely relying on cryptocurrency. And if you are a vendor that is able to expand globally you'll find the cryptocurrency reach globally is much preferred as well as a form of payment.

Do you think that it is advisable however for a new business to accept cryptocurrency given the volatility of it and the risk that comes to them as well having not been established within their field or community? Would you accept cryptocurrency if you just have to start off a business right now?

It's as simple as sending Bitcoins across the border as sending them across the street. There are no banks to keep you waiting for three business days, no extra fees to make a foreign money transfer, and no special limits on the minimum or maximum amount that you can send.The very reason why business accept cryptocurrency.

 

[Ehizzy1]

There is nothing really bad in that , if you are using the right crypto currency as payments method , because there are so many scam crypto on the crypto world i think , so its best to use crypto currency , because you would gain more profit from crypto i think and that would help your business more

 

[Mawome]

The answer is no crpyto currency is not something you play or move around with, beside the money is not had currency that you Cary and buy whatever thing you need, lets say for example Bitcoin, 1 Bitcoin in my corrency is equal to 20 million that kind of money is not something you can risk and Carry it about

 

[Clara]

You can't offer a service that people are not aware of. So you have to be sure that people know about crypto and are ready to do business with it.It all depends on how advance a business is and with more people joining that trend now. I think in nearest future most payment will be made through crypto currency

 

[Hena101]

Yes and No depending on the owner of the new business. Yes if the owner knows how to trade cryptocurrency because a lot of people make huge amount of money trading cryptocurrency so the owner can accept cryptocurrency if he really knows. But No if he don't have experience in trading cryptocurrency because it can lead to losses in the business

 

[idhans]

The number of vendors that are accepting cryptocurrency has continued to grow over the last few years, however there are still quite a few that do not accept cryptocurrencies and many more that have not even considered it in the first place. When someone opens a new business there is capital that is needed and then need to try and establish themselves within the community. By accepting cryptocurrencies you are generally opening up your customer base to a whole new group of people who are solely relying on cryptocurrency. And if you are a vendor that is able to expand globally you'll find the cryptocurrency reach globally is much preferred as well as a form of payment.

Do you think that it is advisable however for a new business to accept cryptocurrency given the volatility of it and the risk that comes to them as well having not been established within their field or community? Would you accept cryptocurrency if you just have to start off a business right now?

It is a very big risk to accept cryptocurrency as a basis for payment but if you can take the risk you will make a lot of profit because there are a lot of people out there holding cryptos in their wallet looking for platforms to buy products online. I don't think it is really good for a new business.

 

[Umerfarooq]

Low risk of fraud

The use of cryptocurrencies carries a low risk of fraud for both customers and businesses. Unlike the use of credit cards, where personal customer data is transferred to a multitude of businesses after purchase, cryptocurrencies are completely anonymous and no personal information is transmitted

 

[Suba]

New businesses accept cryptocurrency or not as a means of payment, it really depends on the owner's ability and knowledge about the crypto world. Business owners who don't understand cryptocurrency should not accept cypto, but for business owners who have cryptocurrency expertise and like to trade crypto, it would be very profitable if they accept cryptocurrency as a payment tool.

 

[Sehrish]

cryptocurrencies are fast becoming part of the business landscape, with many services and payment platforms enabling buying, selling and online trading in the cryptocurrency market.

 

[Adeyoola7]

Accepting cryptocurrency means setting up a digital wallet on a digital currency exchange, which could be technically prohibitive for small business owners unfamiliar with the technology. Cryptocurrency is an information-dense field with a relatively high learning curve, which can present a significant obstacle when you're also trying to run a business.

 

[Luckboy]

Yes they should accept it. but for now in my country the answer is no
taxes on cryptocurrency transactions."
Any entrepreneur who chooses to accept cryptocurrency should be prepared to pivot and adapt to periodic changes in the law as a result. These changes could continue into the foreseeable future as cryptocurrency adoption expands and new problems and difficulties arise.

 

[Cissé]

A new business can accept crypto currency if the business owner wish and this I safe for business, but I don't itbis advisble to be collecting cryptocurrency because some country are placing ban on it. Cryptocurrency shoukd be accepted when everything is safe.

 

[Profwriter]

I personally won't subscribe for payment using cryptocurrencies as a business owner. There are still some limitations and restrictions regarding the use of digital coins across the globe. It will be very frustrating and discouraging for people if they can't make payment for a service or product that they love. I prefer the most familiar and widely accepted methods of receiving payment.

 

[Emirons]

There is absolutely nothing wrong for new business owners to accept crypto as a medium of exchange. But the problem associated with trades in crypto will affect the business purchasing power, knowing too well that crypto currency are unregulated and price changes time to time.

 

[Dowenship]

The number of vendors that are accepting cryptocurrency has continued to grow over the last few years, however there are still quite a few that do not accept cryptocurrencies and many more that have not even considered it in the first place. When someone opens a new business there is capital that is needed and then need to try and establish themselves within the community. By accepting cryptocurrencies you are generally opening up your customer base to a whole new group of people who are solely relying on cryptocurrency. And if you are a vendor that is able to expand globally you'll find the cryptocurrency reach globally is much preferred as well as a form of payment.

Do you think that it is advisable however for a new business to accept cryptocurrency given the volatility of it and the risk that comes to them as well having not been established within their field or community? Would you accept cryptocurrency if you just have to start off a business right now?

I don't buy the idea nor think its advisable for a new business to accept crypto currency with the votality of it. The risk behind the votality will hunt the business anytime the price is gowing lower except the business accept it in usdt.

 

[Shivay]

Yeah man , definitely if the owner is aware of the cryptocurrencies then he should develop the idea of using cryptocurrencies as a payment system. Maybe more customers will encourage his business too with this.

 

[Samuel77]

Cryptocurrency is legit not scam, so I see no reason why cryptocurrency should not be accepted in a new business. Cryptocurrency should be accepted everywhere in the world.

 

[Victor001]

Should a new business embrace development, the fun of every business is making profits at the least possible means and less stressful and secured way. Crypto offers all these benefits.

 

[Victor72]

It all depends on the choice of the business owner, this is because not all business owner who want to include cryptocurrency is business.