Should a new business accept cryptocurrencies?

[BrolySSJ]

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.

As much as cryptocurrency is legit if you accepted in a new business you are running the risk of creating serious losses for the business because the price fluctuates greatly.

 

[Mastercoded]

Cryptocurrency is the future, a lot of sites accept it as a form of payment because it is globally accepted in some website that don't accept credit card from a particular country.

 

[Setho]

In a business, it should be about how you make profits while also satisfying your customers. I would advice if your business involves large sums like online works, free lancing and construction works that is paid like daily or weekly or monthly then you can use crypto but if it is small business like a store then use normal currencies.

 

[Blue house]

Yea, a new business should accept crytpo, it will be like doubling there investment, because when the value of the crypto coin they sent to them increased then they make profit in two ways. First from there business and the second from there crypto.

 

[Richard92]

Of course your new business can accept cryptocurrency if crypto currency is accepted and also in use in that particular country.

 

[btaliat]

A new business is too novel to be accepting crypto. Crypto is volatile. There is many possibilities that the price of bitcoins may fall after the customers have paid using crypto

 

[Eodine]

The world is fast changing and fast developing into a global village and crypto currency is becoming the global currency so it would only be of advantage if business owner's accept crypto currency.

 

[Mostee501]

A new business can accept cryptocurrency as payment methods,when it is well planned and organized. But such business should opt in for cryptos with less transaction fees.

 

[Kelly5]

It is a good idea if this new business will accept cryptocurrencies as payment processors for their customers. But it is only going to be more effective if this new business is operating online than via offline. This is because not all countries adopted cryptocurrencies yet.

 

[tyrim88]

It will not be advisable for such busineses to be using cryptocurency as a means of payment,because of the voliatility of the currency and also the clients might not be that knowledgable in the art.And the fluctuations in the value is also not good for such business.

 

[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?

If and only if the business knows the risk involved in accepting crypto currency, i think its a good idea, being that there con will be accumulated which can be a fortune in disguise for them...

 

[BrolySSJ]

If and only if the business knows the risk involved in accepting crypto currency, i think its a good idea, being that there con will be accumulated which can be a fortune in disguise for them...

It can be a good thing for a new business to accept cryptocurrency however when you are a business that has just been established every bit of funds that you get is needed sure that the businesses able to continue. Therefore it can be much harder if you have cryptocurrency instead of physical money.

 

[IamDozzy]

I would not advise new businesses to accept cryptocurrency payment due to the volatile nature of cryptocurrency. They should use Fiat currency and when they can influence the market, adopt cryptocurrency as a form of payment.

 

[Giannis]

It depends on the kind of business you have.But in the most cases I think that yes new businesses should accept cryptocurrencies and that's mainly because that if nothing bad happens cryptocurrencies will be the future.

 

[ahmedo24]

I am of the opinion that new businesses accepting Crypto currencies or not largely dependent on their market demography, though online new businesses can since they are global.

 

[Good-Person]

Obviously! Cryptocurrencies is one of the main aspects of future payments and digital world. A person who wants to stay updated when it comes to crypto world should opt for choosing cryptocurrencies. We are living in a world where we prefer digitalization and cryptos are the main aspect of digitalization.

 

[eLdavis]

I dont really see anything wrong with a new business accepting crypto currency as a means of payment. Besides it would even attract more buyers as alot of persons have some crypto currency in their possession. As long as you understand the risks involved then go ahead.

 

[akinlolu99]

The quantity of merchants that are tolerating digital currency has kept on developing throughout the most recent couple of years, anyway there are still a significant number that don't acknowledge cryptographic forms of money and a lot more that have not thought about it in any case. At the point when somebody starts another business there is capital that is required and afterward need to attempt to set up themselves inside the local area. By tolerating digital forms of money you are for the most part opening up your client base to a totally different gathering of individuals who are exclusively depending on cryptographic money. Furthermore, in the event that you are a seller that can grow all around the world you'll discover the cryptographic money reach universally is tremendously liked just as a type of installment.

 

[Trexxxy]

Sure if I ever start a business we will definitely accept crypto as a means of exchange or as payment. Regardless of the volatility or whatever it is a easier means of exchange.

 

[Nomad]

Cryptocurrencies are extremely volatile, which mean you might receive $10 worth of Bitcoin or Ethereum today and just the other day your Bitcoin or Ethereum could be $8, which is actually a loss. But there are also chances of you $10 worth bitcoin becoming $12 the very next day.