Bitcoin Adoption

Since its creation, Bitcoin has been grabbing the attention of millions of people all around the world. The adoption of this new form of money is far from slowing down. On the contrary, the Bitcoin network has been growing at an incredible pace and many point out that its adoption curve can be compared to the adoption curve of the Internet.

The internet has provided us a way of transferring information globally and Bitcoin is simply a way of transferring value globally without the need for intermediaries. Bitcoin is here to stay, don’t get left behind!

So why should I accept Bitcoin Payments?

Great Security – The Bitcoin network has been around for 13 years, during which time it has never been successfully hacked. You heard correctly, never been hacked. You may have heard of hacks in this space but these are not associated with the Bitcoin network, they are most likely other cryptocurrencies trying to replicate Bitcoin. The network is the most secure technology we have for transacting globally.

Speedy Transactions – With the addition of the Lightning Network, a new layer 2 technology that facilitates instant payments in Bitcoin and fiat, businesses and customers can access secure and frictionless payments from across the globe in split seconds.

Cheap – As a merchant, the incentive to transition your customers to Bitcoin payments is huge. Unlike credit card companies, who charge 2-3% fees for each transaction for which the merchant is responsible and which take several days to clear, the lightning network is allowing merchants to settle transactions instantly for next to nothing (sometimes less than a penny).

Show love to your global clients – Bitcoin is borderless, allowing you to accept payments from customers all over the world while instantaneously converting those payments into your local currency without the need for having to hold any Bitcoin. More clients, less cost. Everyone’s a winner, except for the banks.

Bitcoin is Cool – Last, but by no means least, Bitcoin is cool. As more and more people adopt Bitcoin they seek out vendors who will allow them to use Bitcoin as a payment method and avoid them having to convert their Bitcoin to regular currencies (fiat). Be that vendor. Accepting Bitcoin payments allows you to promote your business as Bitcoin-friendly, attract a growing segment of customers and showcase your business as forward-looking, global and customer-first.

Coincorner is our platform of choice for accepting Bitcoin on our website and events. They charge merchants just 1% transaction fees,for an easy to use platform to connect businesses and Bitcoin together.

Contact Coincorner for easy onboarding and access a new client-base, low fees and secure payments, in a few easy steps. 

Blog posted on behalf of Bitcoin Collective.