Topic: Integrating cryptocurrency in business - page 2. (Read 291 times)

I had the same suspicion, but then I took the first to sentences into Google and did not find the match, so there's a good chance this person wrote it here for the first time.
As for the ideas expressed in the post, I agree that Bitcoin is very suitable in the time of globalization because it is neutral (not affiliated with any government, not under anyone's control and is used by people with all sorts of views for all sorts of purposes), digital and already has a nice community behind it. Crypto payments can easily work if there aren't too many of them and if they are quite pricey.  In other cases, it might be quite challenging because of the scalability issue.

If you haven't written it on your own, always mention a link from where you have taken it up. Otherwise it will be considered as plagiarism.


Not at all! There are third part settlement providers are available in the market. Bitpay is the frontrunner in this segment. So the merchants who want to integrate crypto payment gateway, don't have to go through a lot of hassles.

Here you have mentioned about the positives of accepting cryptos in businesses but you have overlooked the challenges of accepting cryptos. Let me add those and then we can have a holistic discussion.

1. Lack of clear regulation and tax guidelines
2. Lack of public awareness
3. Crypto prices are volatile

Along with the advantages, a business will have to look for the challenges as well and conduct a risk reward analysis before integrating cryptos as a payment gateway. So everything is not gold that glitters.

This would be a true revolution and would help improve the the services that companies offer to their customers. Payments will be faster and very swift without any control from any centralized institutions. On the far side, it would help reduce the spread of air-borne diseases like Tuberculosis and currently Coronavirus.

Globalization is the biggest milestone modern society has achieved in the 21st century. Along with it businesses have grown and set themselves up in every corner of the world. This requires the introduction of new techniques in the growing demand for goods and services, like different methods of payments available that are secure and versatile. This also calls for integration of cryptocurrency in the businesses. The market for cryptocurrency investment, integration and development is new and small, it is still in its early stages of growth. The application of cryptocurrency in businesses will open new doors.
The setting up of cryptocurrency payment medium is the first and foremost step in the integration process, as it requires ample amount of time compared to other methods of payments. Businesses have developed their own crypto wallets to carry transactions in a safe and easy way. There are cryptocurrency exchange markets that work as an intermediary in the process and will charge for the utilization of crypto wallets. Various methods of payments will give customers options to choose from on their own comfort.
Cryptocurrencies and its many payment options will attract international customers. Cryptocurrencies approachable payment will enhance the adjustment and appointment for the businesses. The digital currency’s fluctuation might become a minor hindrance as the consequence of the integration, but it will minimize fraud risks.
Cryptocurrency is for sure a very attractive and interesting advancement in the new century. Businesses need to closely look at the pros and cons of integrating once and for all in their plan, also planning the outcome of such a step. Positive results will be a sign to go for it without thinking much. Various payment methods and the fiat currency’s exchange will make it all worthwhile.