• Mashum Mollah, CEO at Blogmanagement.io


• 28.11.2022 04:15 pm
#bitcoin

Is it a currency or a commodity?

These are some of the common debates you might have heard about Cryptocurrency. But, most importantly, these surfaced after the king of Cryptocurrency, or the known digital gold Bitcoin, gained popularity.

After an anonymous founder or a group of founders, Satoshi Nakamoto built the first website where Bitcoin was traded; it has yet to leave the limelight. However, before, it was just a niche-centric hobby for someone curious about the different trends in the financial world.

However, as time went by, Bitcoin started getting mainstream. Bitcoin as a source of the transaction for business is one such recent mainstream addition, and we are all for it.

Benefits Of The Controversial Bitcoin

No doubt Bitcoin is controversial. Not only is it the most volatile ‘currency’ in the world, but one day it could cease to exist. After that, you cannot claim all the fiat money you spend building a Bitcoin empire.

However, recent studies have shown that there are few chances of that day ever advancing. In fact, in spite of the volatility, Cryptocurrency like Bitcoin will always hold the charm.

Now, coming to why we need to make Bitcoin a mainstream method of transaction for businesses.

1. Better Than Your Competitors

Customers, especially those who follow the trend, appreciate up-to-date companies. Even if they are not currently using Bitcoin, if they find a company that is allowing others to do so and giving benefits on such transactions, they will jump on the bandwagon.

You will have a better grip on your target audience than your competitors. Since you will be giving them something, they might not get it from others. The concept of niche superiority is not always coming up with a unique niche to market; it is about letting your potential customer base know how you are better than their current preference. Try bitcoin loophole to start your first Bitcoin trading account.

2. Earning In Bitcoin

Earning Bitcoin already steps up your business. You are no more the regular run-on-the-mill business but the company with a secured future. If there is one thing this Bitcoin volatility can ensure, it is that one day, the Bitcoin in your vault might sell in millions.

With the current financial scenario, Cryptocurrencies are here to stay, and they are giving good competition to banks. Therefore, it is better if you open an account for Bitcoin transactions and trading today.

Not every customer will be paying you through Bitcoin, but soon you will be pretty normal. You wouldn't want to be left behind when almost every business has normalized Bitcoin payment.

3. No Geographical Boundary

How often has this happened that you have international customers, and they have forfeited from buying an excellent product due to currency differentiation? Conversion is not always accurate, even if you place US dollars in your eCommerce website.

Psychologically, customers will stay away from transactions that are not in their own currency. This can lead to the loss of potential customers. However, the value of Bitcoin is the same wherever you go, so a Bitcoin transaction helps to remove these geographical borders in business.

4. No More Chargeback Frauds

If you have been in the business for quite some time, you must have dealt with at least one chargeback fraud from a shady customer. This is when the customer will pay from another credit card and then file a credit card fraud.

Therefore, the credit card will invalidate the transaction without any valid reason. Bitcoin is a one-way street, which means once the transaction is over, it cannot go back to the giver unless that take decides to do so.

Protect yourself and your business from such frauds, which are both tiresome and time-consuming. 

Cryptocurrency Is The Future!

Suppose you are someone starting a business and want a leg up from your competitors. Or, just want to secure your future by earning in Cryptocurrency, it is time to accept the future of finance.

Cryptocurrency!

Plus, Blockchain technology is the safest transaction technology, keeping your transactions safe, hidden, and in the top-notch record.