HUFFINGTON POST: If you are going to use a new form of payment within your business, you need to have a good reason to do so. If there were no advantages to using bitcoin, why would you bother? One of the keys to running a successful business is only making decisions that will benefit the whole of your business, so you need to pick and choose your moves carefully.
Fortunately, there are a number of potential upsides that may just make the idea of bitcoin worth your time. Let’s focus on the elements that bitcoin brings to the table, so you can get a clear picture of what you stand to gain or lose by experimenting with this revolutionary new form of payment processing.
- It allows for quick transactions. Each credit card transaction goes through a number of steps, so you will have to wait for a period of time until the money is actually deposited into your account. If you choose to deal in bitcoin, you won’t need to wait for the transaction to clear. Bitcoin is what is known as a peer-to-peer payment system, meaning there is no middleman to go through. That means most transactions are complete in under 10 minutes, so you can move on to the next sale without having to worry about revisiting credit card payments later on.
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