Post
Topic
Board Bitcoin Discussion
Re: Reason why businesses should accept Bitcoin payment
by
lienfaye
on 11/10/2021, 02:37:15 UTC
So the company gain in two ways for accepting bitcoin for payments and if the price of bitcoin goes upward interest are generated also.
Well, you're right, accepting bitcoin as payments really give convenience on both parties, less hassle and easy to transact without loads of paperwork. Plus the company has the opportunity to gain more if the price happen to increase.

However, we know if there's a pros there's also cons for accepting btc as payment and that is the volatility. The price is not stable and worse can drop drastically leaving them with no choice but to wait until the price recover.

Thus the businesses who are willing to embrace bitcoin are those who understand the risk and prepared for it.