⭐ Merited by JayJuanGee (1)
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.
this was a problem of the past. As what others have said here this can only be a major problem to you if you have a business with a static price advert that needs to remain that way to the length of your business. But most online enterprises nowadays, especially ones that use cryptocurrencies as a payment method sees businesses going under the rug over bitcoin/cryptocurrency"s high volatility rate, and so they impose certain programs and parameters that automatically update depending on bitcoin's value, sometimes even real-time. So if you are looking to set up a business but is afraid of the implications that the high volatility of bitcoin may incur, I would suggest you look into these applications as well. 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.
https://github.com/topics/crypto-price-tracker
This one is a good application you can use and implement on your online shopping mart.