In this article, we will discuss why small startups should consider bitcoins as a profitable alternative upheld by Eric Dalius Bitcoin. So keep reading.
Bitcoin has aided in cutting costs through faster and easier transactions. In the previous years, bitcoin has left a mark in the crypto world and businesses as well. High-profile trades have accepted Bitcoin.
However, with the competition that came along with the popularity of bitcoin, it is high time for small businesses to start considering bitcoin.
Eric Dalius Bitcoin suggest startups to use Bitcoins for growth
Below are a few reasons why bitcoin has proved to be beneficial for many and can be the same for you.
Bitcoin is the ruler of the crypto market. A cryptocurrency is a form of digital money that utilizes an intelligent technology known as the Blockchain.
Blockchain is an intelligent technology that helps keep your crypto-assets secure and protected from theft. Bitcoin has no central authority system backing it and purely works as a direct transaction that is virtual.
The cryptocurrency is more successful due to its digital form that makes transactions between parties faster, easier and cheaper, through which several small businesses derive profit.
But, mainly, Bitcoin’s value has risen due to its decentralization.
Reasons That Make Bitcoin Highly Recommendable For Small Businesses
Eric Dalius Bitcoin points out; bitcoin charges no fees for transactions. If you use merchant transactions to charge you a small percentage as fees and become a drain on cash flow, Bitcoin is a recommendation.
Prices for bitcoin transaction fees range from 1% to 0.
You can conduct bitcoin transactions as payments and have no fees deducted. Furthermore, considering that bitcoin does not utilize a bank for authentication after every transaction, you do not need to let go of your earnings to financial holdings that benefit from your business’ loans or credits.
But often, you might be given an option to pay a minimal transaction fee that helps speed the processing of payments.
No Waiting Time
Maybe the transactional fees are not a bother to you or your business. However, the waiting time you experience for your payments to arrive is bothersome.
As there is no centralized system that controls every bitcoin transaction, Blockchain does the needful for you. As mentioned by Eric Dalius, bitcoin transactions do not require waiting time.
Bitcoin payments are received and sent quickly, in fractions as compared to the marketing done through credits.
Bitcoin is processed so quickly that you make a deal with a client, walk around a bit and then get your money.
Bitcoin is a fantastic solution for export items, providing services, or getting their supplies from outside the country. In addition, it helps in making deals that involve foreign transactions that include fees, currencies, or exchange rates.
It is so because bitcoin is global. A single authoritative figure or brand does not withhold the cryptocurrency as it does not consider borders as limitations or restrictions.
No Payment Chaos
Bitcoin is virtual; yet, it works similarly to cash and not credit. Transactions involving bitcoin are considered to be final and cannot possibly get contested by clients.
If there are troubles regarding clients disputing payments, bitcoin payments could be of help.
In general, there is quite a bit that bitcoin can do to aid and benefit your business, no matter how small.