Post
Topic
Board Bitcoin Discussion
Re: Reason why businesses should accept Bitcoin payment
by
dunfida
on 01/12/2021, 23:10:51 UTC
Haven't spent some hours thinking about the advantage that is associated with Bitcoin in company ecosystems, new start-ups that are located in crypto-friendly countries are now diving into Bitcoin as payment against the regular faint traditional currencies, after administering questionnaires to some of the business CEOs stated the reason to be the anonymous nature and its intrinsic value. That is to say, Bitcoin is a business within a business because of its decentralized nature and volatile market.
So the company gain in two ways for accepting bitcoin for payments and if the price of bitcoin goes upward interest are generated also.

It gets your business noticeable to the people if you publicly announced that your business is accepting Bitcoin as payment. Because accepting Bitcoin today is not yet normalized so it makes your business unique as some point.

On the other side, it is advantageous with Bitcoin as it introduces to some people who doesn’t know. When people noticed and people keeps buying, it maintains the Bitcoin price.
Adoption does affect overall value but having these businesses would really make out some significant awareness and exposure about bitcoins existence.

Not all would really be that open when it comes to regulation or something that allows businesses to deal with crypto but since this is situational because not all countries have the same regulation.

So its up only to business owners when it comes to these decisions