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Accept Bitcoin payments in your business: why and how

Why should you accept cryptocurrency?

The blockchain technology and Bitcoin, in particular, is surely on the way to change the financial landscape forever. In fact, Bitcoin already made a huge positive impact, especially in the global payments industry.

Since the whitepaper for Bitcoin has taken the Internet by storm in 2008, it became much more than just a commodity to hold on to. Right now, the biggest companies like Microsoft, Overstock or Subway already accept Bitcoin for their goods as a legitimate, valuable currency. It might just mean that the way we understand online payments at this particular moment can shift very quickly.

These are just a few examples out of thousands of merchants that already accept Bitcoin as a form of payment. Though it is still a very young industry, more and more individuals seem to realize what the open source blockchain technology is capable of in terms of cheap and fast cross-border payments. That is why there is a substantial number of people who already own and use Bitcoin every day.

Currently, the whole Bitcoin network processes around 300,000 transactions per day, sometimes reaching over 500,000. On CoinGate alone, there are more than 70,000 users who make over 1000 payments daily.

Why accept Bitcoin payments?

Why accept cryptocurrencies?

Bitcoin, and cryptocurrencies in general, are becoming extremely convenient in terms of speed, costs, and security. Hence, businesses start reaping the benefits. Just by utilizing the blockchain technology, merchants avoid dealing with numeral issues that traditional payment methods like credit cards or bank transfers have. Onboarding cryptocurrency payment gateways and start accepting cryptocurrencies is an instant solution. Such payment systems solve most of the existing problems, as well as add some extra benefits, and here is how:

Get paid instantly and from anywhere

Location for cryptocurrencies like Bitcoin is not relevant, thus...

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