The business benefits of Cryptocurrency .

[Mahnoor]

As cryptocurrency becomes more widely embraced, businesses should be keeping a close eye on how this technology develops and consider how it could be used to their advantage. If you’re new to blockchain, cryptocurrency and bitcoin, take a look at the guide from Sage below on how bitcoin works.

 

[Halexcity]

The advantages of crypto as a business is that it increases, the more investors invest in it the more it grow. The business advantage is that there is no government policy over crypto. It can only go down when there is less investment.

 

[Folaham]

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.

Account maintenance fees charges by banks and other forms of charges (sms notification charges, credit or debit card renewal fees) are all forms of deductions that account holders doesn't have any control over other than to just watch helplessly as his money keeps depreciating by the day. All above deduction are eliminated with cryptocurrencies transaction. Except transaction charges when recurving or sending coins to other partners

 

[Bart Simpson]

In respect to the advantages of blockchain. In my opinion, cryptocurrency has blessed some of the investors real good. A lot of the investors are still benefiting from it. In the digital world, Cryptocurrency tends to the volatile in nature. It rises and falls, but it has done more good than damage. Cryptocurrency can be used to invest funds online, and in the long run, you'll receive a reasonable return. Cryptocurrency is also used as a trading method.

 

[Natedini]

1. 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.
2. 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.
3. Instant payments – Credit card payments can take days or even weeks to come through. Meanwhile, cryptocurrency offers instant transfers.

 

[Edward2]

Simple transactions, too, There's plenty of transaction fees you have to pay for each transaction while you are doing business or working with brokers or legal representatives. In addition, there's plenty to do with paperwork, courier costs, fees and other stuff. It eliminates the need of the middle man when you use cryptocurrency.

 

[abubakar3141]

Cryptocurrency can also reduce payment processing fees because it has lower transaction fees than credit cards. In addition, transactions are permanent, so there are no objectionable charges. Properly covered, it will withstand a great deal of adverse conditions. It's a way for a company to diversify its assets.

 

[Mostee501]

Cryptocurrencies is one of the world's most fastest growing businesses currently,some benefits include transactions,transactions are being done between two parties involved,no middle man,which means low transaction fee or non at all,easier international trade,owned by individuals and what have you.

 

[Onachukwu]

• 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.

 

[Victor72]

One of the business benefits of cryptocurrency is that cryptocurrency is easy to transfer Which means payments will be very easy to make and also transaction fees have very low

 

[Victor001]

Using crypto currency have marginalize long term investment and also promote quick exchange in various sectors, most enterprises make use of crypto because of its portability.

 

[Kelly5]

Lower fees on carrying out any transaction. This cannot be compared with what the banks will charge businesses if the transaction was a huge one

 

[Setfragil]

Cryptocurrencies are digital assets which are easy for business transactions. The benefits of cryptocurrency to business is that it helps facilitate easy transactions of business between the seller and the buyer in a short period of time.

 

[Ayokex]

There are many business benefits of cryptocurrency among which are as follow;
Ease of transaction
Ease of mobility (it doesn't not require moving from one place to another)
Generally acceptable worldwide.

 

[Heatman]

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.

Exactly, all these points you have mentioned are the main reason why most people are looking towards the use of cryptocurrency for all transactions.

 

[Cash%]

Bitcoin fee is still very much high compared to other crypto currency , that is the reason i choose to use other crypto currency to send and receive and do the transaction i want to do

 

[Heatman]

Bitcoin fee is still very much high compared to other crypto currency , that is the reason i choose to use other crypto currency to send and receive and do the transaction i want to do

Yeah, it's actually true when it comes to the use of Bitcoin. It's why most people prefer to use Litecoin as it's almost free in transaction fees.

 

[ahmedo24]

In fact in many aspects or the smaller coins like lite coin bitcoin cash and Ripple are very much easier to use for transactions because of their low transaction fee and they also fast growing.

 

[Ehizzy1]

Am not sure about fraud prevention ,because due to the anonaymity of crypto currency some people usually commit fraud to hide their wallet adress and others as well

 

[Shigobad2020]

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.

I believe transaction fee with litecoin are much more lower than bitcoin with credit card, and crypto currency cannot be faked like fiat money, and they an also act like global currency.