9 reasons to accept Bitcoin as a business

Hello, everyone. Today we’re bringing you 9 reasons why accepting Bitcoin 🅱️ is a good thing for your business.

1. Cost
Bitcoin fees do not depend on a transaction size. Today the median transaction fee is much less than 1 USD.

2. Safety from Fiat Exchange Rate Risk 💱.
Most merchants who currently accept Bitcoin set prices in their local currency and get paid in their local currency, and Bitcoin itself acts only as the medium through which the transaction takes place. Also, a Bitcoin payment processor service with existing point-of-sale integration might help.

3. International Sales
Bitcoin transactions allow you to expand your markets to basically anywhere 🌏. The only restriction is if you’re selling a physical product — where you’d be willing to ship.

4. No Chargebacks
Chargebacks are quite a headache, and dealing with them can sap a considerable amount of time and energy that could be better spent growing your business. Bitcoin transactions are completely irreversible, so you skip this problem completely.

5. Ease of Use
Bitcoin is easy to use and only getting easier with time. You do need some basic knowledge, but that’s easy to come by these days.

6. Publicity
Bitcoin adoption is still in its early days. Being the first business in a certain niche to accept Bitcoin can earn you headlines in cryptocurrency news portal 📰.

7. Speed
Compared to banks, Bitcoin is incredibly fast and your cross-border transaction can be done in just a few minutes.

8. No Third Parties
Bitcoin is decentralized 🔗, and this means only the buyer and seller are involved.

9. New Markets
The use of digital currencies has enabled businesses to access new niche markets that might not have been accessible before.

Visit CRAC 2018 to know more about Bitcoin and crypto in general. Meet the best experts to answer your questions!