Suppose I am doing business through an online Facebook page and website and want to accept Bitcoin. But now if I look at cryptocurrencies it comes with high volatility, and I have doubts whether accepting Bitcoin will be profitable for my business.
I really want to know your opinion on this and what are the initial steps I should take if I adopt cryptocurrency for my business? Because I see many people on the forum are taking steps to accept Bitcoin for businesses and that's why these questions araised in my mind.
the first thing you need to know is, accepting bitcoins is a profitable thing for your business. That's because, the selling price of the business you are selling at the price of bitcoin is equal to the price of the dollar at that time. however, accepting bitcoins as one of the payments to your business, widens your consumer reach, namely because you are also targeting cryptocurrency users.I really want to know your opinion on this and what are the initial steps I should take if I adopt cryptocurrency for my business? Because I see many people on the forum are taking steps to accept Bitcoin for businesses and that's why these questions araised in my mind.
You're afraid because bitcoin is very volatile, so why don't you immediately exchange the crypto assets you receive for stablecoins? it will make your doubts disappear. You can also directly exchange it for dollars or fiat. However, many people are expanding their business by accepting popular cryptos like bitcoin, Ethereum, BNB, and stablecoin as payment alternatives.