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Why many Companies use sryptocurrency today as payment method expalained.

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#1
[color=rgba(0, 0, 0, 0.84)]Reduced Processing Time[/color]
[color=rgba(0, 0, 0, 0.84)]Cryptocurrency is a decentralized marketplace that enables peer-to-peer exchanges. As such, users can perform cheap and near-instant transactions which allow customers around the world to purchase a company’s product or service.[/color]
[color=rgba(0, 0, 0, 0.8)][Image: 1*PDX9cBVdFBODzRe8SHTLlg.jpeg?q=20]
[Image: 1*PDX9cBVdFBODzRe8SHTLlg.jpeg]
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[color=rgba(0, 0, 0, 0.54)]Image found at investopedia.com[/color]

[color=rgba(0, 0, 0, 0.84)]It’s this level of versatility that makes it essential for new businesses to integrate cryptocurrency into their payment systems. Also, it is not restricted by a country’s exchange rate; instead, they are recognized universally, which presents a significant advantage[/color]

[color=rgba(0, 0, 0, 0.84)]Eliminates the Likelihood of Fraudulent Chargebacks[/color]
[color=rgba(0, 0, 0, 0.84)]Just as paying cash, crypto transactions are final. Thus, customers can’t claim that they didn’t authorize the payment. This eliminates the risk of fraudulent chargebacks which can affect the success of a newly established business.[/color]
[color=rgba(0, 0, 0, 0.84)]Additionally, with crypto transactions, the system is designed to verify that funds are available before completing the transaction. This feature makes it nearly impossible for a user to purchase a product or service without funds in his account.[/color]

[color=rgba(0, 0, 0, 0.84)]ave Money[/color]
[color=rgba(0, 0, 0, 0.8)][Image: 1*E46PsZwhTVcnweclLxG8hw.png?q=20]
[Image: 1*E46PsZwhTVcnweclLxG8hw.png]
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[color=rgba(0, 0, 0, 0.54)]Image found at kiplinger.com[/color]

[color=rgba(0, 0, 0, 0.84)]Many businesses lose significant amounts of cash in fees. US, merchants, for example, are estimated to lose $78 billion in costs associated with credit and debit processing. With crypto payments, the system is decentralized hence no need for banks to verify the transactions. It also means the business does not pay the 2–5% fee charged on each transaction.[/color]

[color=rgba(0, 0, 0, 0.84)]Ability to Attract New Customers[/color]
[color=rgba(0, 0, 0, 0.84)]More people are learning and embracing this technology. Being a new business, you want to woo and retain as many customers as possible; and providing cryptocurrencies is an excellent way. While it has been a niche market, the rapid proliferation shows it won’t be much longer. The digital payment market is expected to increase to $726B by 2020.[/color]
[color=rgba(0, 0, 0, 0.84)]Additionally, customers are now opting for crypto transactions because it increases security and reduces cost. It also broadens opportunities for businesses by widening their customer base and increasing conversion rates.[/color]
[color=rgba(0, 0, 0, 0.84)]Research shows 25% of customers abandon an online shopping cart because their preferred mode of payment is not available. As such adding cryptocurrency to your new business could have a positive impact on sales and conversions.[/color]

[color=rgba(0, 0, 0, 0.84)]Enhanced Security[/color]
[color=rgba(0, 0, 0, 0.84)]study conducted by Statista about on online shopping found that 17% of customers decided not to purchase goods online due to security concerns. Another 18% failed to buy when the company asked for too much personal data during security checks.[/color]
[color=rgba(0, 0, 0, 0.84)]Credit card payments are more susceptible to hacks and frauds than any other payment method. Small companies and startups are a favorite target because they lack security resources as those of large companies.[/color]

[Image: 1*ZL1V7qIDjnXOqNgiLoMRGQ.jpeg]
[color=rgba(0, 0, 0, 0.84)]With crypto payments, customers don’t need to share their details. Payments are executed anonymously; hence, no data for hackers to steal. Additionally, customers value privacy and providing cryptocurrency instead of other payment options meets this need perfectly.[/color]


[color=rgba(0, 0, 0, 0.84)]Easy to Set Up[/color]

[color=rgba(0, 0, 0, 0.84)]Setting up a cryptocurrency system is straightforward and affordable whether you want to integrate it to your POS system or add to a site’s e-store. At its inception, however, businesses had to engage an expert well-versed in the field to set it up.[/color]
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#2
Nice piece
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