How to accept bitcoin for your business | Platinum Crypto Academy

CRYPTOCURRENCY How to Accept Bitcoin For Your Business

THE YEAR OF MASS ADOPTION • 2017 was just a year of awareness from a cryptocurrency perspective. 2018 is going to be the year of mass adoption.

Jack Dorsey, the co-founder and CEO of Twitter, has stated that: • “Bitcoin could result in a major shift in currencies and expects Bitcoin to become the single global currency within the next decade”

10 REASONS WHY BUSINESSES SHOULD ACCEPT BITCOINS • From being a mere peer-to-peer electronic currency that revolutionised the idea of a decentralised market, to establish a market cap of over 300 billion dollars, Bitcoin business has come a long way. Still, there are many companies who fail to realise its importance in their business. If you are one of them, then read along as we share some of the key reasons for accepting this wonder coin, and the difference that it can create to your business.

10 REASONS WHY BUSINESSES SHOULD ACCEPT BITCOINS 1) EXPAND YOUR BUSINESS WITH SUPPORT FROM THE BITCOIN COMMUNITY : Look around and you’ll find over 90,000+ companies accepting Bitcoins for their products and services, including us, and the number only keeps on increasing with time.

10 REASONS WHY BUSINESSES SHOULD ACCEPT BITCOINS 2) ACQUIRE A COMPETITIVE EDGE : Most of the time, companies are taken aback by the idea of accepting Bitcoins due to one fine question: “what does it really have in store for us?�. Well, when you rethink the same question from the perspective of a customer, then you come up with a whole new payment option, where they are able to maximise their benefits from the coins. This only enhances the overall customer experience and allows you to establish a competitive edge from the rest.

3) LOWER TRANSACTION FEES : The transaction fees of Bitcoins are significantly lower than any of the traditional modes of purchase. This itself makes it an obvious reason to adopt the idea.

Any small company that has just made its way can easily save about 2-3% from the fees that are typically charged for credit/debit card payments, and 6% for PayPal. Moreover, established companies can pass on these savings by rewarding their customers with rebates and discounts.

4) RAISE BRAND AWARENESS : As stated, Bitcoin enthusiasts are often on the lookout for businesses accepting Bitcoins. As a result of which, directories have been formed so as to help them find a potential match in no time. When you begin to accept the coins, then your company grabs an opportunity to be enlisted amongst some of the few names, helping you reach out to your target audience in an exceptional way.

10 REASONS WHY BUSINESSES SHOULD ACCEPT BITCOINS 5) BECOME AN INDUSTRY LEADER : Let’s face it, the number of companies that accept Bitcoin is now on the rise, and ten years from now you will find each and every business entangled with the trend. Hence, if done right now, it’s you who becomes the leader.

6) ADD TO THE EXISTING VALUE OF THE BUSINESS : Opting for such a coin that has been in the news ever since its inception, showcases your willingness towards change and how you strive to bring nothing but the best for your customers. Drop a quick mail about the vision that you have, stating how the business will move in future.

7) NO EXPOSURE TO THE PRICE VOLATILITY : If you have been following Bitcoin business then you will notice that the question of volatility has been wiped out for a long time. Even though its common to see the price move way beyond 30%+ in 24 hours, still this will not impact the business in any way, thanks to companies like Coinbase and BitPay. What you get is instant payment, as the coins are converted into USD instantly at the same value, no matter how adverse the fluctuations might be.

8). HAVE MORE AWARENESS IN THE NON-PROFIT SECTOR : According to all Bitcoin Consultant, Bitcoins have been widely used for crowdfunding by various non-profit organizations. If you own one, then accept them and take advantage of the awareness that they deliver.

10 REASONS WHY BUSINESSES SHOULD ACCEPT BITCOINS 9). GAIN OPTIMUM MEDIA COVERAGE : When calculations are brought together, it’s only 1% of the entire world’s population that utilises Bitcoin. Though this may not sound like a good reason to accept them, don’t overlook the fact that such a number even brings amazing media exposure too. Also, the demographics of Bitcoin have been improving, and with the current numbers, one can easily foresee its vibrant future.

10) YOU DON’T HAVE TO BE A BITCOIN EXPERT : Understanding Bitcoin can be difficult, but when you have our professional Bitcoin Consultant services by your side there is absolutely nothing that you need to worry about. Getting set up and ready to adapt to the crypto revolution is key for any business owner.

THERE ARE MANY COMPANIES THAT ACCEPT BITCOIN •

Newegg.com – Online electronics retailer now uses Bitpay to accept Bitcoin.

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Overstock.com – Accepts Bitcoin, sells high-value items at lower prices due to overstocking.

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Microsoft – Users can use Bitcoin on an Xbox or in the Windows Store.

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Tesla – Payments for their cars can be accepted with Bitcoin.

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Shopify – An online store for users who which to sell their products online.

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Save The Children – One of the world’s leading global charity organisations accepts donations in Bitcoin.

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Reddit – You can buy premium features on Reddit with Bitcoin.

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Gyft – Allows you to buy gift cards using Bitcoin.

If you want to find out more, book a free consultation and we will help you through the entire process ,

THANK YOU.