5 Reasons Why Your Business Should Accept Ethereum
Ethereum (ETH) is predicted to become the most important global cryptocurrency after bitcoin in the short term. In the meantime, Ethereum currency is already gaining traction among various businesses which is why we give you 5 reasons why your business should accept Ethereum or at least consider it if you do not want to be left behind.
1) Save on Transaction Fees
Money makes the world go round and it is the reason why it tops our list of 5 reasons why your business should accept ETH. Yes, Ethereum will allow you to keep more money in your pocket, as it will greatly reduce the transaction costs you have in dealing with your customers. Be it a payment system such as PayPal or a regular bank, ETH will offer you more competitive transactions costs than these systems which actually profit from being middlemen in this case.
2) Faster Transactions
The second place on our list is still related to money, if only indirectly. If time is money, then Ethereum will allow you to save both, since the transactions with ETH are processed in real time or within minutes. There is no reason to wait for the money to get to your bank account at a snail’s pace.
3) Globalize Your Outreach
Businesses have never been globalized to a greater degree than they are now and failing to catch up with this trend can cost you greatly. Cryptocurrencies such as Ethereum allow you to procure goods for your business from other countries without having to worry about currency exchange rates. Similarly, your customers from abroad will feel closer to your business if they do not have to take into account various fees that come with using diverse currencies.
4) Additional Payment Option is Always Good
Speaking of customers, you cannot have too many of them, can you? Adding a payment option which involves Ethereum will expand your business’ reach and allow you to tap into the crypto enthusiast community and beyond. An additional payment option can hardly hurt and will only benefit your business efforts aimed at offering more flexibility to your customers.
5) Say Goodbye to Frauds
With Ethereum, frauds will easily become a thing of the past, as paying with it does not require the customer to repeatedly enter their personal and account data. With ETH, this process will become much easier and the customers will feel safer once they have an opportunity to buy from you without unnecessary risks and while enjoying the benefits of anonymity.