Guest Post

How to Implement Crypto in Your Business?

Written by: Coinpedia

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Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    Jun 29, 2020


    What used to be future talk, now is quickly becoming our every day. We can trade instantaneously, we can travel throughout the whole world, we can buy almost everything we think about in just a few taps on the screen of our smartphone. 

    Think about it. Whether you’re purchasing something from Amazon or transferring WebMoney to bitcoin, everything is almost instantaneous. 

    And one of those technologies that seemed like it was in the distant future some ten years ago is becoming more and more popular. Of course, we’re talking cryptocurrencies. Now that in certain places in the world you can buy yourself groceries, or go and get a Big Mac with bitcoins, it’s only normal for us to see more businesses adopt the crypto and blockchain technologies in their work. 

    So, how can you start working crypto, and most importantly, what are the benefits of this system? We decided to go four common questions regarding this matter, so continue reading. 

    You can start accepting bitcoin payments from your clients 

    Of course, the first thing that you have to do when it comes to implementing crypto in your business is to figure out a way to start accepting bitcoins for the services or goods that you provide.

    It’s something that bigger companies are slowly starting to accept. Now that McDonald’s is slowly doing trials in China with digital currencies more and more brands are starting to look for ways to implement the technology in their line of conduct. 

    So, while this isn’t necessarily a cheap solution, you can easily find someone to do it as more and more developers are starting to look into blockchain

    You can use crypto as a sure way to keep your money safe from any economic disturbances. 

    Unlike the currencies we use today, cryptocurrencies aren’t regulated by a government, so they’re much more resistant to economic disturbances. 

    This is great if you’re looking for places to store savings and you don’t necessarily want to buy things like art, bonds, or even invest in gold commodities. 

    There’s is one drawback though and that’s the fact that digital currencies by themselves can be unstable and uncertain and sometimes you can lose money. It’s a bit of a double-edged sword. 

    There’s no need to work with banks as cryptocurrencies aren’t regulated

    Yup, at the very best, you’re dropping off any banks that you’re working with. That’s great if you’re looking into becoming more independent from these institutions. 

    You can pay your remote employees in cryptocurrencies as transferring money is much cheaper

    And probably the biggest benefit is that you can pay any remote workers that you have without the need to spend huge amounts of fees for transferring money. 

    One of the ways banks make money is that they charge you for every single dollar that you send to another account. They even charge you when you’re paying with your card.

    The biggest difference that you have with paying with crypto money is that you don’t need to pay those charges as blockchain is a peer to peer network.

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    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

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