If Coronavirus has taught us anything, it is that we cannot afford to be left behind in terms of digital trends. When history has been accelerated by COVID-19, so must we and our businesses. And, what better way to do it than demonstrating your great handling of crypto assets? Therefore, in this series we will teach you how to accept cryptocurrencies in your business.
It is a very natural question. Well, although we are convinced of the value of cryptocurrencies in the digital world that is being built, that does not mean that you, dear reader and entrepreneur, have to be. So it is normal for you to start this article asking yourself, why should I accept cryptocurrencies?
Well, let’s start by commenting on the basics. First of all, cryptocurrencies are a means for the internationalization of your business. That’s right, out there there are hundreds of entrepreneurship opportunities that can not only be successful nationally, but internationally.
However, the use of different types of currencies worldwide can be an obstacle.
After all, it is not so easy for a service company in Argentina to sell its products in Colombia. This would generate several complications, starting with the exchange rate between Colombian and Argentine pesos, and ending with the banking system to carry out the transaction. With cryptocurrencies you don’t have to worry about that.
In addition, cryptocurrencies allow you to access an alternative payment system protected against the collapse of the financial system in your country. It does not matter if the network of all banks has a temporary fall, you can continue receiving payments with crypto assets.
As if that were not enough, cryptocurrencies give you access to the crypto world. So, with the payments your clients make, you can invest with crypto assets and generate a second source of income. Save with them and wait for their value to rise to make a profit. Or use them in any of the multiple options that the crypto world offers you.
Finally, the best answer to why you should accept cryptocurrencies in your business is another question: Why not? After all, as you will see, accepting crypto assets is a very simple process, which can allow you to open up to new markets and clients.
Is it really safe?
“All right, I understand why I should accept cryptocurrencies in my business, but is this safe? I’ve heard a lot about Bitcoin scams“
I’m so glad you ask this, dear reader, as this is one of the biggest misunderstandings surrounding the crypto world. However, from now on we can assure you that the use of cryptocurrency is as much or safer than using traditional fiat money.
And is that, cryptocurrencies are based on Blockchain technology. It consists of a transparent, encrypted, distributed, and impossible to hack database. That will keep your savings in crypto assets safe, even without an organization behind it.
However, this does not prevent fraudsters or cybercriminals from existing in the crypto world. Which are waiting for you to comment an error to try to steal your money. Be it with scams in which they promise you astronomical returns for investing your cryptocurrencies with them. Or breaking the security of your wallet to take your money.
But, this does not represent a greater risk than we can have in the use of traditional money. After all, scams with fiat money are much more common than with cryptocurrencies. And if we are not careful with our bank passwords, a malicious person can enter our accounts and take our savings.
In fact, contrary to what rumors say, a Chainalysis study showed that only 1% of all Bitcoin transactions are related to illegal activities. Therefore, you can accept cryptocurrencies in your business, being sure that, if you maintain the same level of caution as with your fiat money, everything will be fine.