The business benefits of Cryptocurrency .

[Alihassan]

Cryptocurrency is the alternative to cash and credit card. It is taking the digital world by storm. Many companies are accepting the payments through cryptocurrency these days. On the other hand, cryptocurrency has become a home for many hackers. With the rise in the bitcoin value, many people are showing interest in investing in bitcoins. The cryptocurrency is backed by the blockchain technology that is having a positive impact on wallets.

 

[Planet408]

Your details are pure fact and I really appreciate it. There are numerous benefits if using crypto like you rightly mentioned. One of the ones I like so much is the low transaction fees in using crypto than using bank cards for certain transactions.

 

[tuna89]

There are lots of advantages of cryptocurrency, i agree with the point as regards low transaction fees but as for the fraud reduction, i disagree because crypto transactions cannot be tracked nor traced since it is not integrated into the Central Banks, another advantage is the fact that you do not have to carry paper money around all the time as some business points alread accept crypto.

 

[Abisola]

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.

 

[Asad Masood]

The value of your money in cryptocurrency increasing rapidly so it is very useful business to start with small investment and it will make you a billionaire in short of time as it increases it's very rapidly now a time.

 

[Profwriter]

This is somehow relative and personal because to some people, the ego that comes with them being known or addressed as crypto currencies traders is very important, some feel that they have switched from fiat currencies to digital, while to some others, it's an investment and they hope to profit from it.

 

[Atiqurrehman]

We've compiled it ourselves, but there are other reasons why digital tokens can be added to this list.
Ethereum (ETH) ...
Litcoin (LTC) ...
Cardano (ADA) ...
Polkadat (DOT) ...
Bitcoin Cash (BCH) ...
Starry (XLM) ...
Channellink ...
Binary Coins (BNB)

 

[Segshowee]

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.

The business benefits of cryptocurrency can not be exhausted. The advent of cryptocurrency has made business transactions easier as many e-commerce sales platforms now accept it as means of payment. Investing into it also has good prospect for high returns.

 

[Erik4150]

I have used cryptocurrency to pay for business transactions before. Especially international clients who don't have PayPal, they pay me in bitcoin. The transaction only takes a few hours to hit my wallet. There are other stores in my country that collect payment in cryptocurrency.

 

[Royalty]

The popularity of cryptocurrencies has triggered an international wave of interest is not just Bitcoin but blockchain technology as a whole.
I believe every business that aim at profit making can benefit from cryptocurrency because it can globalise your business

 

[Veetos12]

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

I totally agree with you on this submission most especially the last part of your point which talked about the exposure of corrupt transactions. This is where the government of my country wants to cover by banning the teansactions that involve crytocurrencies.

 

[Ltherman]

Well to give the business benefits of cryptocurrency it has been able to turn some businesses around, its opened a new strain of hustle for most people in 3rd world countries like Nigeria who are major players in the crypto space.
The inter connection at a snap without going through middle men is another great benefits that crypto has been able to bring to the business world.

 

[Chumzy]

There are lots of businesses benefit that comes with bitcoin and crypto in general. It can help In smart settlement of debts without having to use fiat currency. Also crypto in it self is a business because we can hold and allow the value rise.

 

[Ltherman]

For me the most widely felt benefits of crypto is the ability to conduct international transactions without the interference of the authorities. We can completely close deals away from the prying eyes of the banking system. Payments are made in crypto and goods are sent down. The power of the blockchain is widely applied.

 

[Abisola]

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. This is different from credit card payments, which can be reversed using chargebacks, a feature often exploited by fraudsters.
Instant payments – Credit card payments can take days or even weeks to come through. Meanwhile, cryptocurrency offers instant transfers.
No barriers – Cryptocurrency makes international trade more accessible by removing barriers and restrictions to trade, ultimately making it easier to accept payments in different currencies.
Attract new customers – As bitcoin is still a fairly new method of payment, offering it as an option for your customers could help you bring in new business.

 

[zenith]

It's true and another benefit I know is those government thieve cannot embazzle it and that is why they have to fight it with all their power.no matter what they do we will keep moving with crypto.business people nowadays use it to pay for goods because of scarcity of dollars.

 

[Jlife]

I don't see any benefit of cryptocurrency in any business organisation because cryptocurrencies has high transaction fee and as a result it is not suitable for business because you can be charged up to $10 depending on your transaction which might be of great loss to some people

 

[Olahab]

As cryptocurrencies such as bitcoin are used more and more in day-to-day business transactions, we look at some of the distinct advantages they can offer over more traditional forms of payment.

 

[kayode10]

Cryptocurrency make it easier for you to the transaction and invest simultaneously. thereby you make more money with a transaction you made. This happens when you receive payment in form of bitcoins and within a short period of time the price of the Bitcoin if you receive increases in value and thereby you make more money.

 

[Abigael]

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.

Those are good benefits, though I don't agree with number one. With the surge in bitcoin price, so does its transaction fees rise. Though I don't know if they are as high as those of credit cards. The second point of fraud reduction due to reversals is very true. Most businesses face this issue alot with other payment methods.