Cryptocurrency expert Angelo Babb discusses the benefits that companies can gain by accepting cryptocurrencies as a form of payment.
San Jos, Costa Rica – WEBWIRE – Saturday, February 18, 2023
As cryptocurrency evolved, people began looking for creative ways to use digital assets for more than just investment opportunities, emphasizing the original purpose of the currency as a fiat alternative. Since its inception, cryptocurrencies have evolved in several ways. Angelo Babb, an expert in crypto and global payment solutions, explains the importance of businesses accepting cryptocurrency as a form of payment.
One of the most important case studies that Bitcoin and other cryptocurrencies offer in the world is how easy it is to make payments, especially when it comes to sending currencies overseas, and that is one of the reasons some people employ trading and selling of cryptocurrencies to earn continuous income, save assets, and send money.
Moreover, Babb explains, Its very useful for eCommerce, as many businesses are now accepting cryptocurrencies as a form of payment for their products and services, making it very useful for e-commerce. In addition to being able to use financial services you would not otherwise be able to, having a digital wallet is like having a financial passport.
In the years after Bitcoin, many other cryptocurrencies, including Bitcoin, also followed their path in making payments easier. It is now becoming increasingly popular among businesses to accept this new way of making payments. It has many advantages to accepting cryptocurrency online as payment for your goods and services, not the least of which is improved security, when you accept cryptocurrency payments for your goods and services.
Bitcoin transactions, for example, are among the most secure in the world, with the vast majority of cryptocurrencies in circulation being secure. Every transaction is verified by miners and published on the public ledger where everyone can see it. The public record cant be altered because it is protected by a large number of cryptographic hashes. This prevents fraud or interference from occurring.
The use of Bitcoin and other cryptocurrencies makes it extremely easy to send money overseas. If you live in an urban area, traditional banking and money transfer services can be more expensive, time-consuming, and difficult to find. People may not be able to shop at a store like yours if it has more services and longer waiting times.
They may be more likely to purchase more products and services if they are able to pay less with less service and faster delivery than before. Considering that anyone is able to send cryptocurrencies from anywhere and anytime, it is expected that the cryptocurrency market will expand significantly due to being able to cover a wide range of countries (and regions) over time.
There are many commissions involved with traditional payment methods, which are often a barrier for consumers. On the other hand, cryptocurrency transactions are usually simple and straightforward, requiring little hard work on the part of the business.
If you accept cryptocurrencies as payment for your goods and services, you will be able to increase your brands visibility as well as your income. It is possible to build an entire marketing campaign around cryptocurrencies if you decide to start accepting them as a method of payment for your business, and you can use that fact as a milestone or symbol in your business, adds Babb.
As it is a new kind of market, it is searching for a generation of new customers, who are not just looking for a way to invest, but have a growing desire to use them for other purposes as well. It can also be good for your brand if you allow your customers to use cryptocurrencies as payment methods. Most products can be bought with bitcoin or other cryptocurrencies. If your product or service is compatible with those cryptocurrencies, you could be in a position to sell it to people.
A company that is involved in the technology industry, for instance, could benefit greatly from accepting cryptocurrencies as a form of payment since it would demonstrate its commitment to innovation and a vision for the future. As a result of this, your business will be able to show your willingness to adapt over time, which can be a valuable selling point for your business.
The fact of the matter is that anything can be a selling point if you target the right market, no matter if youre in the tech industry or not. A companys decision as to whether to accept cryptocurrencies as a payment method ultimately depends on the type of business it operates and its priorities.
Most of the time, it isnt a make-or-leave-it decision to adopt them. You should only consider accepting cryptocurrencies as a method of payment when everything about your business has been properly arranged. If you have important things to take care of, take care of them first.
Rather than solving a problem, it should be seen as a way of growing or improving your business. You should be aware of the importance of researching the topic thoroughly if you decide to accept cryptocurrencies as a payment method.
Do not make hasty decisions when it comes to cryptocurrencies because knowledge equals power when it comes to cryptocurrencies. A hasty decision can cost you and your business a lot of money, even though buying and selling digital currency is still a relatively new experience.
About Angelo Babb
Angelo Babb is a legal cryptocurrency and blockchain consultant who helps new and established organizations strengthen their interaction with digital assets. A certified lawyer and Scrum Master, he works with all categories of enterprises to ensure cryptocurrency endeavors substantially fulfill their obligations. When hes not reinforcing his education in the cryptocurrency and blockchain spaces, Babb enjoys relaxing on the beach with his family.
Jan 23, 2023 | Business
JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, announces the launch of a 10% cashback campaign for JCB cardmembers outside Japan for purchases in Japan starting January 16 2023.
From January 16 to April 15 2023 (JST)[1], JCB cardmembers from outside Japan[2] receive 10% cashback when the accumulated spending amount for in-store purchases in Japan with 30,000 yen or above with JCB Card[3] use. For more information about the campaign, please visit JCB Special Offers.
JCB Special Offers: https://www.specialoffers.jcb/en/campaign/detail/japancashback/56914/
JCB offers beneficial campaigns and convenient services to JCB cardmembers across the world. As a Japanese brand with a spirit of hospitality, JCB provides services that enrich JCB cardmembers’ travel experience. Please check the “Enrich your travel in Japan with OMOTENASHI” video at official YouTube channel “JCB Global”.
Watch video: https://www.youtube.com/watch?v=9swTv8VSc-8
About JCB
JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 41 million merchants around the world. JCB Cards are now issued mainly in Asian countries and territories, with more than 150 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/
Contact
Ayaka Nakajima
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp
[1] The campaign may end early once the campaign budget has reached its maximum limit.
[2] Cards issued by some issuers may not be eligible (please refer to JCB Special Offers for further details). http://www.specialoffers.jcb/
[3] Up to 5,000-yen cashback per JCB Card use.
Topic: Press release summary
Dec 11, 2022 | Business
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