How Can Small Businesses Benefit from Accepting Cryptocurrency?

Written by smith-willas | Published 2020/03/27
Tech Story Tags: cryptocurrency | crypto-exchange | cryptocurrency-top-story | smb | accept-cryptocurrency-payments | business | startups | blockchain-adoption

TLDR Small businesses can grow their base by adding a cryptocurrency-based payment system to their list of payment options. 39% of people would prefer the addition of bitcoin as a payment method for general purchases. Small businesses are open their doors to international buyers for whom their services or products were once inaccessible. The highest risk involved is the extreme unpredictability due to the floating rate of cryptocurrency. Accepting cryptocurrency globally means that proper taxes on transactions, and gains should be properly reported. By announcing that your business is accepting cryptocurrency, you set your business and distinguish it from your competition.via the TL;DR App

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Written by smith-willas | Smith Willas is a freelance writer, blogger, and digital media journalist. He has a management degre
Published by HackerNoon on 2020/03/27