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[AudraMiller]

Cryptocurrency has become increasingly popular and as a result many people are starting to venture into accepting cryptocurrency as a form of payment for their goods and services. However for a new business the risk is extremely high considering the fact that cryptocurrency prices are quite volatile. In order to accept cryptocurrency it should be with a good cryptocurrency that is surely going to increase in price with time or alternatively you can accept stable coins. Which cryptocurrency do you think is safe for a new business to accept without having to include too much risk?

 

[Josemendez]

I think cryptocurrency like dogecoin which has low transaction fee such as dogecoin will be suitable for carrying out cryptocurrency payment.

 

[kaycee001]

I personally think all cryptos should be accepted because no particular crypto is stable so its better to go for crypto like bch lite coin dogecoin and eth

 

[Kennysplash]

Businesses that wants to accept cryptocurrency as a means of payment must be very careful. They can lose a lot of money should there be a slight decrease in the price. Maybe they can start with stable coins.

 

[sh199]

If the vendor or the owner is good at it then the business can accept BTC, eth, and some other reputed cryptos. On the other hand, if the business is very small and has low capita then I suggest in the beginning start with the fiat cryptos.

 

[CyberPreNurse]

If I would accept any crypto currencies as a payment method for my business, then it would be BNB binance coin as I see it as having lots of potentials.

 

[LutherKing]

All top 10 coins can be accepted which have low fees under bucja that can save a business and make it progressing as well to be honest actually in my opinion.

 

[Corzhens]

Crypto currency is not popular in the Philippines that I have yet to hear a business that is accepting crypto coin for payment. But with the question of accepting crypto coin for payments maybe Bitcoin would be the best.

 

[CyberPreNurse]

I think cryptocurrency like dogecoin which has low transaction fee such as dogecoin will be suitable for carrying out cryptocurrency payment.

Doge coin is one that is easily pumped and dumped, so I think other alternatives like LTC, BCH can be considered since they have better potentials.

 

[Setfragil]

It is good for a business to have several means of payments in which cryptocurrency should not be left out. For a new business, accepting a stable coin like USDT is the best due to the volatility nature of cryptocurrency in order to avoid losing money.

 

[Bousine00]

Cryptocurrency has become increasingly popular and as a result many people are starting to venture into accepting cryptocurrency as a form of payment for their goods and services. However for a new business the risk is extremely high considering the fact that cryptocurrency prices are quite volatile. In order to accept cryptocurrency it should be with a good cryptocurrency that is surely going to increase in price with time or alternatively you can accept stable coins. Which cryptocurrency do you think is safe for a new business to accept without having to include too much risk?

I think one that is not as volatile as Bitcoin will be ok. Litecoin is what I will suggest to any business hoping to start this.

 

[a_jerobon]

I think a business should provide a variety of options that people can choose from. This is because different people have their own preferences and having a variety to choose from is better.

 

[Mariappa45]

If it occurs that businesses offline or online simply wants to accept cryptocurrency payment and they form a poll to get members response, I'll simply suggest stable coins. Since the coins aren't moved by the market fluctuations.

 

[a_jerobon]

I personally think all cryptos should be accepted because no particular crypto is stable so its better to go for crypto like bch lite coin dogecoin and eth

I agree with you. Going for a variety of them and not just one could be the best option. Then your customers can choose whichever they are most comfortable with.

 

[Ridorz]

I think a business should provide a variety of options that people can choose from. This is because different people have their own preferences and having a variety to choose from is better.

I support your idea, you are right. A business that want to be use a crypto as transportation of receiving and sending of money should not let it be a one option.

 

[Chibson]

As a business if you really want to be accepting cryptocurrencies then you should definitely go for stablecoins. I could have recommended bitcoin but it is highly volatile and you can run into losses.

 

[AudraMiller]

I agree with you. Going for a variety of them and not just one could be the best option. Then your customers can choose whichever they are most comfortable with.

A variety of coins is a good idea because there are some people would prefer to make use of over others however there is a massive risk in this and the more coins you have been accepting the harder it will be to manage that risk.

 

[Niftyicon]

If it occurs that businesses offline or online simply wants to accept cryptocurrency payment and they form a poll to get members response, I'll simply suggest stable coins. Since the coins aren't moved by the market fluctuations.

I also think that stable coins are safer because of those times that the crypto markets becomes even more volatile than usual. However, it seems coins such as btc would be considered first.

 

[Mariappa45]

I also think that stable coins are safer because of those times that the crypto markets becomes even more volatile than usual. However, it seems coins such as btc would be considered first.

Stable coins are simply worthwhile when you want to keep your funds safe from fluctuations that may being the value down. But BTC remains the number one preferred by traders worldwide.

 

[ashim kate]

It is a very good idea for a new business to start accepting cryptocurrencies. Presently, Bitcoin, Ethereum are the most popular and as such should be there . You should also add the option of a non volatile currency like usdt. All I want personal opinion adding Litecoin is good because of low transaction fees.

 

[AudraMiller]

It is a very good idea for a new business to start accepting cryptocurrencies. Presently, Bitcoin, Ethereum are the most popular and as such should be there . You should also add the option of a non volatile currency like usdt. All I want personal opinion adding Litecoin is good because of low transaction fees.

The transaction fees is a very important point of consideration that has to be taken into account if you are thinking about accepting cryptocurrency at the business because that will determine how usable it is for the customer as well. There is no point if you are making a ten dollar transaction to spend an additional five dollars in fees if you are using bitcoin only.