Estonia, Tallinn, May 25, 2023 – According to a 2020 HSB research, an estimated one-third of companies currently accept Bitcoin and other cryptocurrencies as payment. The number of firms that have hopped on board the crypto train has grown. Here are five reasons why your company should as well.
- It is possible to decrease fraudulent conduct.
For firms that accept conventional payment methods, fraud is a serious issue. It is due to the ease with which someone might commit fraud using a stolen credit card. Accepting crypto payments may prevent fraudulent behavior since committing fraud with cryptocurrency is considerably more difficult.
- Avoid the costs that come with standard payment options.
Accepting Bitcoin payments allows you to avoid the costs of traditional payment methods like credit cards and bank transfers. Credit card issuers typically impose a 2-3% fee for each transaction. You may avoid these costs entirely if you accept Bitcoin payments.
You may be paid more quickly and access a worldwide market.
The money is instantly sent to your wallet when you pay using Bitcoin. It means you’ll get paid considerably quicker. Traditional payment options take days or even weeks to deliver your funds. Accepting Bitcoin payments exposes your company to a worldwide market. It implies you’ll be able to contact consumers from all around the globe. Anybody with an Internet connection may use cryptocurrencies.
- You may profit from price increases.
Accepting Bitcoin payments allows you to profit from price increases. It implies that if the cryptocurrency’s value rises, you can sell it at a greater price. For example, if you take Bitcoin as payment and its value rises, you can sell your Bitcoin for more fiat cash.
- Crypto is gaining popularity.
As previously said, many establishments are accepting cryptocurrency as payment. It is partly because cryptocurrencies are becoming more popular. The overall market capitalization of all cryptocurrencies in 2017 was around $17 billion. By 2020, it will have surpassed $300 billion. Because cryptocurrencies are becoming more popular, many individuals want to utilize them as a payment method.
So, if you want to take your company to the next level, consider taking cryptocurrency payments; a BTC payment gateway is a wonderful place to start.
Contact:
Name: Sam Philips
Company Name: b2binpay
E-mail: support@b2binpay.com
Phone:+357 250-308-82
Website: https://b2binpay.com/
Address: Zenith building, 5th floor, Estonia, Tallinn.
