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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?

 

[Dav1d]

Normally I feel it's not all that safe for both new and old business to use crypto currency as a means of payment. As you said the price value is not all that stable so there might be times where you might make some losses. I think for new business owners who plan on using crypto currency as a means of payment or receiving payment, it would be alot safer to make use of stable coins like USDT and the likes.

 

[Styleplus]

Most of the earning sites prefer to pay through stable coins because of its fixed rate and genuinety, well I feel if the site is a new and upcoming site you can choose to pay via litecoin, ripple coin or monero this is because they can pay as low as two dollars without any significant charges.

 

[AudraMiller]

Normally I feel it's not all that safe for both new and old business to use crypto currency as a means of payment. As you said the price value is not all that stable so there might be times where you might make some losses. I think for new business owners who plan on using crypto currency as a means of payment or receiving payment, it would be alot safer to make use of stable coins like USDT and the likes.

It comes to the acceptance of cryptocurrency as a form of payment it can be very risky for a new business because of the volatility that is seen with cryptocurrency prices however I think that it will open them up to a whole new customer base which can be quite beneficial to the business in the long run.

 

[AudraMiller]

Most of the earning sites prefer to pay through stable coins because of its fixed rate and genuinety, well I feel if the site is a new and upcoming site you can choose to pay via litecoin, ripple coin or monero this is because they can pay as low as two dollars without any significant charges.

Utilising a stable coin is a much safer option when it comes to paying out and as a result people are becoming more interested in utilising stablecoins even on cryptocurrency exchange platforms and therefore it has become especially popular. Personally I think that it is a very good idea however the transaction fees can be quite high.

 

[BALABALA111]

Yes cryptocurrency has become very popular and as a medium of monetary exchange but one of the things we should check is cryptocurrency here to stay is it a long time plan and to the world order and even if it will stay for long and a business is required a particular crypto to be used as an exchange medium I think we should find a crypto with a level of stability I don't trust bitcoin because a lot of people have their money into it and the market is never stable I think personally I will choose a therium because it is accessible to both people that don't have too much money and the market is stable

 

[BALABALA111]

Honestly nobody knows if this cryptocurrency will be for a long time because they are facing so many challenges specially from the people that are in the banking sector that is the cash notes people but I think we should find a coin that is a little bit stable not expensive and is accessible why so many countries on the stock market at large and I don't see bitcoin fitting in personally I will go for aetherium

 

[AudraMiller]

Yes cryptocurrency has become very popular and as a medium of monetary exchange but one of the things we should check is cryptocurrency here to stay is it a long time plan and to the world order and even if it will stay for long and a business is required a particular crypto to be used as an exchange medium I think we should find a crypto with a level of stability I don't trust bitcoin because a lot of people have their money into it and the market is never stable I think personally I will choose a therium because it is accessible to both people that don't have too much money and the market is stable

The cryptocurrency market is never going to be fully stable and the main reason for this is because it is a decentralized platform therefore it is wholly dependent on the supply and the demand of any given coin had any specific point in time. Therefore any news article is able to cause people to fluctuate on the and this will impact the price.

 

[Skysaint]

While choosing the cryptocurrency coin to accept as a means of payment, it think the first thing to consider is the transaction fees of various cryptocurrency coins and consequently choose the one with the lowest transaction fee.
Then if the company is not interested in trading cryptocurrency, they they can immediately convert their earnings in to a stable coin or better still withdraw it to their company's or business account.
But if they are interested then they can go ahead and invest in whichever coin that best suits them. But the transaction fee is what is to be considered in this case.

 

[Pousinha]

Being new businesses, in my opinion the best option is USDT. A new business needs to improve, to begin to earn and not to lose money cause the hard volatility of the cryptocurrencies market. At least, out of USDT, I could propose bitcoin and ethereum, the king and the queen of cryptocurrencies. Whatever happens, these two are the most serious cryptocurrencies and we know their potential in spite of their temporary plummets.

 

[AudraMiller]

While choosing the cryptocurrency coin to accept as a means of payment, it think the first thing to consider is the transaction fees of various cryptocurrency coins and consequently choose the one with the lowest transaction fee.
Then if the company is not interested in trading cryptocurrency, they they can immediately convert their earnings in to a stable coin or better still withdraw it to their company's or business account.
But if they are interested then they can go ahead and invest in whichever coin that best suits them. But the transaction fee is what is to be considered in this case.

The transaction fee is very important when it comes to any business because if there is a large transaction fee with any coin then there is a lot of people that will not want to make usee of it especially if they are making small and very cheap purchases because this will outweigh their savings then.

 

[btaliat]

A new business owner should consider going into accepting stable coins first. This will help greatly in stabilizing his buisness. His gain or loss will now determine the trending coins to accept as payment option. This is because all coins are prone to volatility and this may greatly promote the business or destroy the business if care is not taken.

 

[BALABALA111]

Nobody knows if currency market I never going to be stable personally I don't think it's ever going to be stable except the find a new way to change that but if the cryptocurrency name is to be used as an exchange of commodity I think the best cryptocurrency that should be used is a cryptocurrency with high level of consistency in the market maybe I'll go ethereum coin

 

[Desmond opara]

This is the decision of choice for the business owner to make as he or she would know the perfect cryptocurrency that will work perfectly for him or her because everyone do have their own trusted brands of the cryptocurrency as they are numerous numbers of different cryptocurrency everyone has the exact cryptocurrency that they choose Trust and Believe we work for them for profits and other advantages that will be most useful to them and their customers in the long run or in future

 

[Skysaint]

Being new businesses, in my opinion the best option is USDT. A new business needs to improve, to begin to earn and not to lose money cause the hard volatility of the cryptocurrencies market. At least, out of USDT, I could propose bitcoin and ethereum, the king and the queen of cryptocurrencies. Whatever happens, these two are the most serious cryptocurrencies and we know their potential in spite of their temporary plummets.

Well, that depends if the transaction fee for usdt is a bit fair as I personally have not made a transaction with it. But a new business should consider what's best for the customers, you can't use a coin that it's transaction fee is almost half of the money your customer is to send to your wallet.
You as a business owner might look for other available and better options with a low transaction fee and maybe swap it to your preferred coin later.

 

[Skysaint]

The transaction fee is very important when it comes to any business because if there is a large transaction fee with any coin then there is a lot of people that will not want to make usee of it especially if they are making small and very cheap purchases because this will outweigh their savings then.

Exactly my point. If truly a business owner wants to succeed in business then he should put the satisfaction of the public first and see it as his main priority.
If the selected coin harbours high transaction fee then it might not be very convenient for the customers for making transactions especially for petty purchases just as you've mentioned. So the need to select a crypto coin with a low transaction fee.

 

[AudraMiller]

Exactly my point. If truly a business owner wants to succeed in business then he should put the satisfaction of the public first and see it as his main priority.
If the selected coin harbours high transaction fee then it might not be very convenient for the customers for making transactions especially for petty purchases just as you've mentioned. So the need to select a crypto coin with a low transaction fee.

If the business is able to put the public first then it will be very beneficial to them because it will help them to develop a positive reputation within the country and as a result people are more likely to want to come back to the business in order to purchase and make use of the services that they are offering.

 

[AudraMiller]

A new business owner should consider going into accepting stable coins first. This will help greatly in stabilizing his buisness. His gain or loss will now determine the trending coins to accept as payment option. This is because all coins are prone to volatility and this may greatly promote the business or destroy the business if care is not taken.

Stablecoins is probably the best way that you can accept cryptocurrency however one of the major concerns when it comes to the utilization of the stable coins is that they have large transaction fees that are associated with them and as a result it can be very difficult if you are looking to make smaller purchases.

 

[btaliat]

Stablecoins is probably the best way that you can accept cryptocurrency however one of the major concerns when it comes to the utilization of the stable coins is that they have large transaction fees that are associated with them and as a result it can be very difficult if you are looking to make smaller purchases.

I think not all of them have high transaction fee. Stable coin like usdt doesn't really have high transaction fee. And when if they do, it will still pay off than accepting other coins that are subjected to volatility. Imagine collecting a coin now and the next minute, the coin loses its value.

 

[BALABALA111]

The way cryptocurrency is going I don't think you to be accepted as a medium of exchange all over the world the whole market in cryptocurrency is not stable and I think one of the most important thing a currency should try and have is a level of stability in cryptocurrency can fly be used as a question have a cryptocurrency or a coin with level of stability in the market I don't trust bitcoin but I think we can go for aetherium

 

[Skysaint]

If the business is able to put the public first then it will be very beneficial to them because it will help them to develop a positive reputation within the country and as a result people are more likely to want to come back to the business in order to purchase and make use of the services that they are offering.

You're right about that. Customers will always want to go for what best suits them and where their needs are well cared for and as a business man, the public should be your target. You will have to do everything possible in order to gain the attention of the public away from other business competitors to your own business and this can't be achieved if you don't have the needs and satisfaction of your customers in mind.
And using cryptocurrencies with a low transaction fee won't only benefit the public but also benefit you as transactions will be made easier and faster.