Bitcoin has been revolutionary in the world of fiat money, attracting a wealth of people who prefer its peer to peer nature over relying on a financial institution or bank to organise their transactions. This, of course, has the benefit of no transaction fees making it cheaper to send money to anyone all over the world.
These days, non-profit organizations face nearly as much competition as small businesses. Consequently, it’s important that they consistently look for ways to set themselves apart in order to gain (and keep) the attention of potential donors. One way to do that is to think about expanding giving options for potential donors, and accepting Bitcoin payments is a great start to doing so. If you’re not yet sure how Bitcoin can benefit your non-profit, keep reading to find out how this currency can help you build a better organization.
Small business owners are always looking for ways to improve their business practices. While there is a lot of advice out there, not much of it explains how accepting new and innovative forms of currency can help you achieve your goals. If you haven’t considered all the ways that accepting a new currency like Bitcoin can help your business, read on to find out why it’s something you should be pondering:
Get Rid Of The Middle Man
When it comes to payment processing, many business owners simply don’t realize how dealing with middlemen really affects them. Because banks and credit card companies have to pay their employees to manage transactions and accounts, they often pass their expenses on to you in the form of processing fees. Bitcoin is much more of a peer-to-peer payment system, which removes the need for big financial institutions. Fortunately, this can result in a big boost to your business bottom line.
Bitcoin has earned a rather unfair stigma from many igaming options as well as potential users. They are afraid of its fluctuating prices- and for good reason. Bitcoin is trading at about $800 right now, but late last year it peaked at $1,200 and early 2-014 the prices were closer to about $100. So what is going on here? Why is bitcoin so lambasted? The fear is that these price changes will only get worse until the coin either flatlines where it is useless or bloats in price so high it becomes completely inaccessible. Either of these are possible, but bitcoin has become a bit more stable. This has led igaming community Vera John to allow bitcoin play in their casinos. But has it been enough to beat industry giants like BetSafe?