The business benefits of Cryptocurrency .

[Yaqoob Habib]

The business benefits of cryptocurrency.
* Lower fees-Transaction fees are lower with bitcoin than with credit cards,and when crytocurrency is not exchanged,it also eliminates the need for bank charges.
* Fraud reduction-A payment made with bitcoin cannot be reversed after the fact.

 

[Cee C Chriss]

If you want to truly benefit from crypto currency, you will have to think about the long term investment. Short term investment will give you little profit. The best strategy to benefit from crypto currency is to hold them for at least 5-10 years. In 2015, bitcoin was $400, now it is $33K. Look at the price growth in just 5 years.

 

[Ridorz]

Crypto currency is a good and profitable business that people are investing on and gaining a good of profits. But the only way to make a good profits is to invest on it for long time because the short time investment on it may not generate a good profits due to its transaction fees.

 

[ronaldlorenzo01]

Cryptocurrencies don't use middlemen, so transactions are usually easier, faster and require less or no additional transaction fees. Has the ability to "give power back to the people. To eliminate current social structures and systems that disenfranchise individuals. To provide the foundations of a system that’s transparent yet secure. Where corruption is exposed and rampant inflation ended

 

[ossai]

The business benefits of cryptocurrency

• Lower fees – Transaction fees are lower with bitcoin than with credit cards, and when cryptocurrency is not exchanged, it also eliminates the need for bank charges.
• Fraud reduction – A payment made with bitcoin cannot be reversed after the fact.

 

[Emma Aneni]

Crypto currency is a good and profitable business that people are investing on and gaining a good of profits. Cryptocurrencies don't use middlemen, so transactions are usually easier, faster and require less or no additional transaction fees.

 

[redpogi16]

Here are a few advantages of cryptocurrency

Easy transactions

When you are doing business or dealing with brokers or legal representatives, there is a lot of transaction fees that you must pay for every transaction. On top of it, there is a lot of paperwork, brokerage fee, commission and other things to be met. When you use cryptocurrency, it removes the need of the middle man. The transaction would take place one to one on the secure network. The transactions would be transparent, and it becomes easier for you to establish the audit trails. There would be no more confusion on who is going to pay whom. The parties who are involved in the transaction would know each other well.

Asset transfers

The cryptocurrencies can be used to transfer the ownership of assets on one name to another name by paying the seller through bitcoin. It all happens in the blockchain ecosystem. It facilitates you to carry out the transactions safely and securely. The cryptocurrencies would be designed to add third-party approvals and can be completed on the future date. If you are the person who holds the cryptocurrency and has authority on the account, you can reduce the time and expenses involved in the transaction of assets.

Confidential transactions

When you use cash or credit, the transaction history would be recorded, and this record will be available for the banks. Whenever you do the transaction, the bank records it. However, you can check the balance that is in the account whenever you want. When you are carrying out complicated business transactions, there would be a lot of financial history checks.

The best part of using cryptocurrency is that every transaction you carry out with the recipient would be unique. You can get into terms negotiation in every deal. The information is exchanged based on the push concept. You can only share the information that you want to disclose to the recipient. The financial history will have ample privacy, and your identity would be protected. When you are making transactions using the wallet, make sure to check the bitcoin trader updated version.

 

[Hasan Raza]

It’s unfortunate that even with the multiple benefits associated with the use of digital currencies, there are a few drawbacks every user should be aware of before starting to use them. These include the problems with cryptocurrency’s volatility and complexity.

 

[Akinwale701]

The business benefits of cryptocurrency.
* Lower fees-Transaction fees are lower with bitcoin than with credit cards,and when crytocurrency is not exchanged,it also eliminates the need for bank charges.
* Fraud reduction-A payment made with bitcoin cannot be reversed after the fact.

It allows people to make payment anonymously, it makes payment to be done seamlessly, you can transact using Crypto currency anytime without any stress. Also, it removes restrictions that arises as a result of different currency being used by different countries. Gone are the days of currency conversion, with Crypto currency, you make payment anytime.

 

[Caali]

Some businesses are embracing this new digital currency and some are still extremely skeptical as to whether it can be an asset to the company or a high-risk liability.

 

[Adetayo100]

We can better understand how cryptocurrency provides potential benefits to its users. User Autonomy. Discretion. Peer-to-Peer Focus. Elimination of Banking Fees. Very Low Transaction Fees for International Payments. Mobile Payments.

 

[Nurudeen]

The major benefits of crypto currency exchange Business is that it's helping investors to double their capital and helping them to have more money in their portfolio. Unlike savings account where by investors will deposit money with getting tangible interest at the end of the day

 

[Sake]

To be honest right now I can't see a lot of benefits of using Cryptocurrency for a business perhaps if the business is big it may work. But for small businesses tjat needs to compound their profits not so much since the price can decrease a lot in a short period of time they wouldn't be able to wait for it to rise again.

 

[iCesarkevin]

Digital currencies are shaking up organizations and markets around the world, sparking the promise of economic freedom for all through decentralization. At the foundation of the allure of cryptocurrencies is blockchain technology, which is bringing profound innovations to industries—the financial industry especially.

 

[Kelly5]

The business benefits of cryptocurrency.
* Lower fees-Transaction fees are lower with bitcoin than with credit cards,and when crytocurrency is not exchanged,it also eliminates the need for bank charges.
* Fraud reduction-A payment made with bitcoin cannot be reversed after the fact.

You are very correct. The lower fees associated with using cryptocurrency to make transactions can't be compared if it were a Fiat transaction. Look at litecoin for instance, sending large amount of it is far less in fees than it's equivalent in fiat

 

[Damscooguns73]

Concerning the benefit of cryptocurrency. Well, cryptocurrency has really blessed some of the investor real good and they are still benefiting from it. Cryptocurrency tends to the volatile in nature i.e it rises and falls but it has done more good than damage, it has created an avenue to invest your funds and in the long run you get a reasonable awesome pay back, it is also for trading

 

[Suba]

Benefits of Cryptocurrency are: Cannot be faked like fiat money, can act as a global currency, can be used as a hedge (inflation), can be used as savings and investment, you can also make cryptocurrency as day trading or trading for living.

 

[Nabeel119]

some believe that digital currencies possess incredible benefits, especially regarding how they are an advancement in technology. Away from that, the main concern when trading with cryptocurrencies is security, which has been enhanced to exceed people’s expectations. Besides the highly-secure nature of cryptocurrencies, below are some other benefits associated with the use of digital currencies.

 

[Alexandoy]

Let me ask about the fraud reduction that was mentioned. When you pay in Bitcoin you cannot reverse it. So what has it got to do with avoiding fraud? I don't see the point there. If the payment can be reversed like in Paypal so how can fraud come in? Pardon me for asking because I am learning about Bitcoin and crypto so I just want every detail to be clear to me. I don't want to learn something that is not correct so please clarify about that fraud avoidance.

 

[Ralphjoe]

The currency has so many advantages over a normal currency and some of them are as follows cryptocurrency as Less fees for international transfers unlike ban international transfers that gallops a lot of fees.