Cryptocurrency, quite simply, is changing the financial face of businesses and even individuals. It is the revolution in the way we perform transactions, invest and raise capital. It is replacing the need for physical money, and in some cases, it is replacing the need for banks and high-interest loans.
How does Cryptocurrency affect business?
Cryptocurrency can also reduce payment processing fees because it has lower transaction fees than credit cards. Further, transactions are permanent so there are no questionable chargebacks. If managed correctly, transactions are secure thanks to strong encryption. It’s also a way for a company to diversify its assets.
Can a business invest in Cryptocurrency?
Businesses with extra funds to invest in growth have the opportunity to develop a cryptocurrency product or service. For example, Deloitte has developed Blockchain Labs, which work with clients to turn blockchain ideas into commercial applications.
How can a small business accept Bitcoin?
The simplest way to start accepting Bitcoin is through Payment processors. It is also possible for you to start accepting Bitcoin by yourself with a Blockchain.info account or with Multibit.
Can I start a Cryptocurrency?
Creating your own cryptocurrency is no easy task and will likely require some financial resources to take care of things like development, documentation, and marketing.
What businesses use Cryptocurrency?
Major Companies That Accepts Bitcoin as Payment include:
- Wikipedia. Wikimedia, the company that operates the world’s largest open-source encyclopedia, Wikipedia, accepts donations in Bitcoin.
- Microsoft. The company allows the use of Bitcoin to top up your Microsoft account.
- Burger King.