A few years back from now, third party payment gateway sites were the only option for online transactions and bank transfers. Bitcoin has turned all of them wrong now.
The emergence of digital currencies like crypto unlocked multiple leverages for those small and medium scale businesses.
As a startup entrepreneur, you may not have sufficient cash to invest in your business, but who needs a traditional currency when you have got bitcoins in your wallet?
You’ll find plenty of business ideas in The News Spy Login while dealing with cryptocurrencies, but before you jump into any such idea, it’s better to know how effective the cryptos are for making online payments?-Time to look in:
Cost optimized payment option
If the survey report is to be believed US merchants pay approx. number of 78 million US$’s for debit card processing fees. As an entrepreneur of a startup business it’s a costly deal to succumb. By choosing cryptocurrency you can steadily cut down your bank processing charges/fees by saving 2-5% in each transaction. Saving 2-5% in your bitcoin wallet is a smart operational cost optimization strategy. With one such strategy you’re adding a bulk amount in your revenue as well, don’t you?
Reaching maximum number of satisfied customers
A transaction failure is more embarrassing for your business than your buyers. Once the transaction fails, the buyer will doubt your transparency at first. It will take hours or might be days for the customer support team to convince the buyer that the payment gateway app is faulty. By the time the customer realized the mistake, your business website will be flooded with negative comments, instantly affecting the SEO site ranks.
Blockchain technology has solved such problems easily by introducing a secure online payment option that deals with crypto currencies. One such payment option not only reduces the dependency on traditional currencies, rather they erased the involvement of third-party payment gateway sites in online transactions. Since the transactions are made in terms of crypto from one account to another, the amount reaches your account instantly.
A new form of digitization in Covid 19
The global pandemic compelled maximum people to stay indoors. With the work from home becoming the new reality, people got ample scope to buy cryptocurrencies like Bitcoin. While working from home it’s easy to register in the online bitcoin trading app. Most of these online trading apps have bot driven AI to help users take the right decision before making a trade.
So, all you have to do is just grab a minimum amount to buy a few bitcoins and start mining. Who knows you might be the next gold digger! You can use the winning amount for limitless buying without cash. You may consult luccaindiretta.it too for buying trading bitcoins if you’re a newbie.
100% secure and free from scammers
Online scammers hunt down the internet for hacking your bank account details. Sharing your bank credentials and password is something that’s quite risky indeed in the US. There are plenty of federal cases still pending against such scammers. Blockchain technology always keeps those scammers far from bay. The technique uses encrypted data structure form while making online transactions in crypto. Tracking and hacking the transaction is impossible as no third party financial banking app is involved with it. That’s another smart way to avoid scammers scamming your bank details while purchasing online.
Worldwide acceptance
A crypto currency like Bitcoin has worldwide acceptance. One such acceptance makes it easier for the users to use it for making online banking transfers irrespective of different currency value. Since crypto currencies do not get affected by inflation rate, online buying and selling of one such virtual money is no big deal. There are plenty of Bitcoin currency depots in the US for buying and selling cryptos all over the world. So, even if the ordinary traditional currency does not work properly, nothing to worry about. If you have bitcoins in your wallet, you can use it for online payments, meeting your basic utility expenses, paying the rental bill, etc.
As a small scale business owner, you’ll always find Bitcoin cryptos are a priceless option for paying online expenses. You can also accept it from your buyers as an alternative to traditional currency notes while making online business with the buyers too.
What’s stopping you?