Why And How, Accepting Bitcoin in Your Business

Ahead of us is the future!…………and conversations like the horses going out of business because the cars are coming, seems to be rearing its inquisitive mouth again. For this reason people are best to stay ahead of the issue and realise the greatness of taking money into your own hands, not only should you begin to accept bitcoin, after researching the hell out of it, you should also accept what comes with it, investment in independence and distance from financial collapse that came with the banking crisis. 

Why

The why of accepting Crypto’s into your business is because you want to be ahead of the so–called game, now it’s not without risk just like cash, but it has infinite benefits and surely by now you have realised that if it’s around this long then it’s not going away. Crypto’s are not a fad, they are volatile but everything comes with risk, if you are a foolish investor that thinks a company named ‘Tulip Mania’ is going to have a successful run then you should do more research or go back to purchasing in the futures market of the solid ‘New York Stock Exchange’ that oddly enough actually trades in Bitcoin as well. 

Transparency is a valued transaction for consumers and businesses alike, we all enjoying seeing where our money goes with Monzo and would love to see why it’s valued in the way it is, Cryptocurrencies can provide this. There is added value in taking this risk which is you can receive a payment in Crypto’s, after confirming that people pay you acceptable coins, then you can exchange it for cash or hold onto it and use it as a larger investment that could, emphasis on could, go up and your 1.99 service that you sold ends up being worth 5.99, over time. Novaexchange is a friendly site that will at least let you get to grips with the structure that is Crypto’s and the volatility, positive and negative, they can provide.

How

 The how of accepting is more simplified and can be comparatively quicker than with banks, as being involved in credit card transactions it may take days or weeks to receive those funds, with Bitcoin/Crypto’s it can be minutes. With no third parties involved, the transaction fee is lower as it is only the energy of the network that you are paying for, rather than, the bot the bank employs that’s written to make sure the bank can make the most out of your cash before you receive it.

The linear steps are creating a wallet and account that you can register as an individual or a business and then setting up your receiving address for customers to pay, similar to a PayPal account, the price you have named. The after is your choice, either transfer all of it into your everyday bank account or be the adventurous Cowperson and play the market, of course, if you are wanting to go this way do your own research, there are many ways to toast bread but there is only one way to burn it.