Topic: Cryptocurrency and business (Read 125 times)

Small scale business are those business established in a low capital or low volume scale. Small scale business is more rampant than large scale business because majority of the masses venture into it as compared to large scale business.

But small scale business are hinder by some challenges and cryptocurrency might just have the answers to it.
1. governmental or third party involvement. A lot of time the little profit made by owners of small scale business are being further reduced through tax or other levy but cryptocurrency being decentralized meaning it is not under and regulations. doing business has become absolutely free

2. Transaction are done easy and fast.  In business time is a very important factor the quicker a deal is closed and transaction made the better.  Running a transaction through cryptocurrency blockchain make transactions easier and faster

3.Corruption and illegality. Most business has crumbled as a result of frauds. Crypto currency is transparent so every thing can be viewed and monitored also your identity are kept safe so no one can transact business without your knowledge.

4. Nationality bearer. Doing business outside you country can be quite difficult. Irrespective of the innovation to tackle this issue it has proven expensive and not so accurate. But cryptocurrency can make it possible without any need for bank authorization or any fee.  Business can be done within and across boarders
 
What are your thoughts about cryptocurrency and business