Bitcoin is shinning in the business market and it is one of the most desired digital money. The reason is very simple. It is interesting and gives everyone an equal opportunity to become rich by forecasting the value of Bitcoin.
It is not a gimmick anymore and there are already thousands of businesses already lined up and so you can understand it’s a craze.
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The amazing part is that there are many advantages to using Bitcoins as a payment option. One advantage that I would like to mention here is that if you are willing to do an international payment there cannot be a better option than Bitcoin. Bitcoin transaction does not require a third party, unlike traditional currencies in which bank acts the intermediate and also charges high fees for international transactions.
It does not end here; there are so many other advantages of Bitcoin about which I am going to talk in this article. So, why wait. Let’s start!
- No inflation risk!
With Bitcoin around, there is no risk of inflation. Well, inflation usually occurs when the government issues more money and thus decreasing the purchasing power of people. But the same is not the case of Bitcoin.
Bitcoin was created to be finite and so there are no possibilities of issuing excess currency, the threat of inflation comes down to almost zero. It benefits both the seller and the buyer, in the long term.
- Lesser transaction fees
So, the major advantage that makes Bitcoin the favorite of so many people is that the transaction fees charged for international payments of Bitcoin are so much less as compared to charges for debit and credit card purchases.
This one feature makes it a favorite transaction system for small businesses.
- Easy to use!
Bitcoins are very easy to use. All you will require is a simple memory stick and you are good to go. You can use the Bitcoins in whichever country you want without having to stand in a queue of currency exchange centers and banks. Bitcoin is accepted everywhere.
- No third party!
As I already told you above that Bitcoin was made to be an independent currency and so it is. it does not require a third party, unlike government-backed traditional currencies. The transaction of Bitcoins happens from peer to peer. No one has the power to freeze your account, charge taxes and claim your money.
- Safe way of trading
Even though Bitcoin is digital, but still it is the safest way of money transactions. You may have not known by now but each Bitcoin wallet is signed by a unique digital signature before it is sent in Blockchain.
This complete procedure makes it so easy for storing and exchanging the crypto-currency.
- Rapid transactions
The credit card may be locked up to a week in case the customer asks for a chargeback. So, a credit card cannot be trusted if the case of rapid transactions, but that is not the case of Bitcoins.
It does quick international transactions without any kind of delay. The best way of payment for vendors.
- Best transaction method for small vendors
Many small business ventures and vendors do not offer their services and products across the borders as the international payments are not easy and across the border, fees are high as hell. But with the help of Bitcoin, vendors will not have to think about paying high fees and taxes and they can freely do their business.