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Should My Business Accept Bitcoin Trade | Platinum Trading Institute

Accepting Bitcoin Trade for your business improves market penetration by increasing brand awareness. Visit our site: www.platinumtradinginstitute.com/

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Should My Business Accept Bitcoin Trade | Platinum Trading Institute

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  1. CRYPTOCURRENCY Should My Business Accept Bitcoin Trade?

  2. Should My Business Accept Bitcoin Trade? Cryptocurrencies still have this mythical aura surrounding them. For some irrational reasons, people are afraid of accepting them in lieu of a fiat currency. The reservation stems from: • Bitcoin or Ripple or other cryptocurrencies not having a physical attribute, • Fear of the unknown, coin hacking and lack of understanding of the crypto market, and most importantly, the implied and perceived volatility in the crypto market.

  3. The experts at Platinum Trading Institute (PTI) have a total of 30-plus years of combined experience in investing and trading in Cryptocurrencies. Based on that, we can cite at least ten important reasons that your business should accept Bitcoin Trade. 1. Expand your business with support from the Bitcoin Trade community. • This may surprise you, though there are pockets of vibrant and thriving ‘Bitcoin users community.’ • In fact, by one measure, there are more than 90,000 entities that are Bitcoin-friendly. • These companies not only accept cryptocurrencies but foster their acceptance through special promotional programs, discounts, and marketing. Being part of such a Bitcoin Trade community cohort could help expand your business.

  4. 2. Acquire a competitive edge: Frankly, Bitcoin Trade still have that mystical pull! People fear them, though they are also intrigued by their use. Why not satisfy your customer by offering him another option for making a payment in your establishment? You can accept Bitcoins even for a very small fraction of its value. This will allow the customer to gain confidence in its usage, and trading. Enhancing your customer’s shopping experience can only mean more business for you.

  5. 3. Lower transaction fees • A recent study has shown that nearly 50% of the merchants shun American Express due to its exorbitantly high fees. • Even the credit card companies, such as Master card, Visa, and Western Union charge as much as 6% as transactional fees. The lower transaction fee is a salient advantage of accepting Bitcoin Trade for your business. 4. Raise brand awareness • If you are a small and a young retailer, accepting Bitcoin trade would set you apart from the pack. • Customers might associate your brand with progressiveness and inventiveness. • In addition, there are Bitcoin enthusiasts who have formed groups of the businesses that accept Bitcoin Trade. Accepting Bitcoin Trade for your business improves market penetration by increasing brand awareness.

  6. 5. Become an industry leader You are an entrepreneur and a trailblazer who likes to run in front of the pack. Then why would you settle to be a straggler at accepting the cryptocurrency revolution? Undoubtedly, in a few years, transactions based on Bitcoins will be a routine task. Bitcoins may not offer as many opportunities then as they offer now. Wouldn’t you be rather a frontrunner in accepting, contributing, and fostering the Bitcoin trade revolution for your business? 6. Add to the existing value of the business Accepting Bitcoins and educating customers about the underlying innovative technology are value-added propositions. Take the example of Apple. It periodically introduces innovative technologies into its I-phones, tablets, and computers. It also has a chain of retail mall-based ‘Education Centers,’ where anyone can walk in and get FREE training on any of the Apple products. These centers have added incredible value to the Apple brand name in goodwill, brand recognition, and customer satisfaction. Your business can not only accept Bitcoin trade but can also provide value-added training in Cryptocurrency fundamentals.

  7. 7. No exposure to the price volatility Even though the Bitcoin price fluctuates wildly, its parity with US dollars, or Euro, or Japanese Yen remains relatively stable. Furthermore, Crypto exchanges like Coinbase and Bit pay provide crypto to USD and USD to Crypto conversion on a real-time basis. As a result, dealing in cryptocurrencies offer not only protection against price volatility, but it also mitigates any Currency Exchange Risks. Working with Bitcoin Trade shield retailers and shoppers alike from wild market fluctuations. 8. Bitcoin Trade offer more credibility in the non-profit sector A non-profit sector could benefit immensely from the use of cryptocurrencies in its crowdfunding endeavors. Transferring funds into the non-profit’s account is relatively easy and transferring fee is minimal. The cryptocurrency transfers are transparent and immutable. These offer additional advantages that may be viewed favorably by donors and Government agencies alike. Bitcoin Trade offers transparency and immutability which could be viewed favorably by donors. 

  8. 9. Crypto market is vastly untapped. The use of Bitcoins and attendant Altcoins, such as Ripple is akin to a raindrop in the ocean. Currently, the ultra-rich segment of the population uses them for speculation. Similarly, a few techies use them and develop underlying technology for scientific curiosity.  And, only a few millions use them for transactions. In that vein, one can compare the crypto market with the old-fashioned gold rush. In that case, only a few thousand fearless trailblazers had brazenly conquered the West to reap immeasurable riches. Unquestionably, the crypto market is young and vastly untapped. It is waiting for the brazen trailblazers – you the merchant – to be conquered. 10. You don’t have to be a Bitcoin Trade expert People are always sceptical and fearful of the new technology. At PTI, we understand and appreciate your apprehension at accepting Bitcoins for business, investment, or merely trading. We are also aware of the human psychology that drives one person to invest aggressively, while the other to be more cautious. Over the years, in our mentoring practice, we have also seen investors’ emotions controlling them and forcing them to take wrong decisions.

  9. THANK YOU. If you want to stay on the top of the crypto technologies, innovative trading strategies, or simply like to be financially successful, please sign up for a two-day course on cryptocurrency trading.

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