{"id":89233,"date":"2017-03-14T03:53:15","date_gmt":"2017-03-14T01:53:15","guid":{"rendered":"http:\/\/www.myza.co.za\/why-businesses-should-look-to-accepting-bitcoin\/"},"modified":"2017-03-14T03:53:15","modified_gmt":"2017-03-14T01:53:15","slug":"why-businesses-should-look-to-accepting-bitcoin","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/why-businesses-should-look-to-accepting-bitcoin\/","title":{"rendered":"Why Businesses should look to accepting bitcoin"},"content":{"rendered":"

Why Businesses should look to accepting bitcoin<\/a>: <\/p>\n

Technology has yet again afforded us an opportunity with the era of \u2018the internet of money\u2019. As the world\u2019s first digital currency, Bitcoin is beginning to gain traction in mainstream market as the most used digital currency, with an increasing number of people and businesses who are finding solace in its value.<\/p>\n

Multibillion dollar companies like; Microsoft, Dell, PayPal, Amazon, Takealot and Virgin Atlantic which are amongst the over 300\u00a0000 companies worldwide already taking bitcoin directly.<\/p>\n

As economic pressures worldwide force companies to remain relevant in an ever-changing business environment, businesses are finding ways to buckle under such pressure. The blockchain technology which bitcoin is founded on, has opened a new way for businesses to conduct business, which sees companies widening their profit margin and bringing more fast, effective, value driven solutions to their consumers.<\/p>\n

\u201cCompanies who are at forefront of this innovative revolution, are profiting much more than their counterparts who are yet to understand the benefits of using Bitcoin in today\u2019s world. As many have still not yet looked at Bitcoin critically to weigh its options, they are not benefiting,\u201d says Shireen Ramjoo, of Liquid Crypto-Money.<\/p>\n

Some of the reasons why businesses should be learning more and looking at Bitcoin:<\/strong><\/p>\n

1.\u00a0Bitcoin is a very secure and inexpensive way to handle payments.
2. Saving in Bitcoin, increases profit margins as Bitcoin is an appreciating currency.
3. Increasing your customer base and scope. Adding another payment option to consumers that are already using bitcoin for services.
4.\u00a0Save a fortune on traditional banking fees. Currently you pay 0.01% fee whether you transfer R100 0r 1 million rands, if you use Bitcoin. A standard percentage of fee, will see business saving a lot on fee costs.
5.\u00a0Protection against fraud. Businesses accepting credit cards or PayPal have issues of reversal of payments at times. Chargeback fraud is quite common when using such channels. Bitcoin however, eliminates this risk as payments are irreversible when you pay with Bitcoin. That means that the cost of fraud is no longer pushed on the merchants.
6.\u00a0Fast international payments. Sending bitcoin across borders is now much easier, faster and cheaper. Payments clear in minutes, for the fraction of the costs. No banks to hold payments for days and charge exorbitant fees on top of that.
7.\u00a0Multi-Signature option. Bitcoin offers businesses an option, which allows bitcoins to be spent only if a subset of a group of people authorize the transaction. This can be used by a board of directors to prevent any member to make expenditures without enough consent from other members, as well as to track which members allowed each payment.
8.\u00a0Accounting transparency. This allows organisations the opportunity to provide transparent accounting documents about their activity. You can provide information to your members to verify their payment.
9.\u00a0Many payment processor companies that allow for immediate conversion of currencies. One of the most popular services provided by these payment processors is the instant conversion of Bitcoin (BTC) to your local fiat currency (like rands\/dollars for example). So as a business, you not limited to only receiving bitcoin and exchanging it yourself, but a platform that does the conversion instantly for you if you choose.<\/p>\n

Free Seminar will be held on the 18 March 2017. Book your seats by sending us e-mail admin@liquidmoney.biz
www.liquidmoney.biz<\/p>\n

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