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Date: February 20, 2020, 12:17:18 PM


Why would a business need Bitcoin?: Why would a business need Bitcoin? : - Nigeria's Premier Online Forum


Why would a business need Bitcoin?

By: Bitssa |Time : September 19, 2018, 10:42:52 AM
Bitcoin is everywhere. Bitcoin is the future. Probably a couple of things more you must have heard about Bitcoin that makes it unstoppable. Right. You would be more intrigued in the future of Bitcoin especially if you are a business owner and are trying to incorporate it into your payment gateway options. If you are not then you could be missing out beautiful and promising opportunities to grow and expand your brand.

The critics across the globe in the Finance sector have weighed in, and the consensus is that they are huge things on the horizon in the future for Bitcoin. This statement stands true as long as China doesn’t take any drastic steps like legislative bans, the utilization of Bitcoin would likely continue to increase around the world.

It is undoubtedly true that Bitcoin is a revolutionary way to accept payments from customers and clients at a much lower cost when compared to credit cards and 3rd-party payment options like PayPal. However, bitcoin indeed is more than just another level of the advanced payment system. Bitcoin is a borderless currency that is accepted in almost all nations and is not regulated by any financial institution or bank. No matter what business you are into, this differentiator offers so much more upside and potential beyond just processing payments.

The below are the some of the primary reasons that you can see if you start including Bitcoin payment method as well:

1. Lower transaction fee

2. Faster transaction process

3. Avoid chargebacks

4. Prevention of fraud

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