The business benefits of Cryptocurrency .

[tyrim88]

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.

One thing i like about the cryptocurency is that its decentralise nature makes it possible to carry out transaction very easy and confirm transaction as well.It is very fast and convienient.

 

[Ezekiel]

Though payment with Bitcoin is irreversible but it is more secure that bank transaction,also the charges fee is also low compare to banking charge fee.these are some benefit of bitcoin transaction.

 

[Adebayonle7]

The first point made as regards low transaction fees compared to the banks is an important one but as regards the second point with respect to crypto transactions not being able to be reversed - this is actually not an advantage but a disadvantage because it also encourages fraud. If i mistakenly transfer crypto to a wrong address, i just have to forget about it but if it were fiat through my bank account, i could still report to the bank and money may be reversed. This is why you have to work on the reversability of the transactions if you want crypto as a legal tender. Overall i think i would prefer crypto due to Its low transaction charges compared to the bank.

 

[Suba]

The benefits of cryptocurrencies are very many, especially it can be transferred anywhere easily, crypto transactions are irreversible. That is, once transferred can not be canceled. All transactions are recorded on the blockchain so they can be seen by the public. Cryptography and blockchain technology to secure and verify every transaction so that no party can double-spending.

 

[tyrim88]

The benefits of having to use cryptocurency to do transaction is too many,the ease of doing business transaction globally without going through any verification from the bankis an advantage.The low cost of doing that is another advantage.

 

[Adecyptii]

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.

Yes this is a factual and interesting idea, I am very sure that with this your idea one will know all the advantage of crypto and everything about it and how it works.

 

[Justin]

If you send money to another individual in another country, it will take at least 5 working days to do with banks. If you choose money transfer company like western union, you will have to pay high transaction charges. But with crypto, it is easy and fast

 

[greenie]

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.

 

[kayode10]

Cryptocurrency makes the buying and selling of digital products pretty much easier and faster. Majority of the website are now introducing cryptocurrency especially bitcoin as a form of payment in order to buy digital products.

 

[Sincerem]

To be able to avoid fraud and every other criminal activities when using cryptocurrency , it is always wise for us to transact and deal with people we know. However cryptocurrency has affected so many people in many ways to some people .

 

[GIFTMICHAEL]

One of the benefit of cryptocurrency is easier and Swift transaction . The volatility may not make it suitable for everyday business as the value is not stable .

 

[Potuse]

One of the benefit of cryptocurrency is easier and Swift transaction . The volatility may not make it suitable for everyday business as the value is not stable .

Cryptocurrency is very fast in terms of transactions. Volatility level in cryptocurrency is very high and that is exactly what makes it a little bit risky to invest a huge percentage of your account on.

 

[Imran_Noori]

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.

One another benefit of crypto is with payment method, as we know not all of payment methods are working in all over the world but the only payment which could be done globally is crypto.

 

[GIFTMICHAEL]

Cryptocurrency is very fast in terms of transactions. Volatility level in cryptocurrency is very high and that is exactly what makes it a little bit risky to invest a huge percentage of your account on.

You shouldn't invest so much money that you can't afford to lose , But at the same time we have to consider the benefits it could bring if the market turns out to move in your favour.

 

[HayKay]

Another benefit is the power of privacy or security of transactions. You can easily send money from one wallet to another without the fear of being tracked or spied on. They're also fast and reliable.

 

[Ononivami]

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.

The benefits embedded in cryptocurrency investment cannot be overemphasized.
The Cryptocurrencies is a decentralized money that gives you autonomous power over your spendings.

 

[Laurentta]

I don't agree with you saying that the transaction fees of crypto currencies like bitcoin is lower than the transaction fee of credit cards. In my country, the transaction fee are literally the same thing.

 

[GoldenLady]

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.

Holding is a good strategy to make decent returns from investment in cryptocurrency, but not all coins are meant to be held. Even Bitcoin, you can more money and accumulate more if it of you hold and trade it with wisdom.

 

[nana kwasi]

People are investing in the cryptocurrency industry because it is good and profitable, and they are making big returns. But investing in it for a long time is the only way to get good returns because doing so in a short amount of time could result in losses owing to transaction costs.

 

[Sotherefore]

Cryptocurrency for business purposes has a lot of advantage . Its deliver the fastest transaction . In most cases transaction can be executed and delivered within a period of 30 seconds depending on the coin you are using.