Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[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?

 

[Wisdom01]

Well, I don't even advise a new operating business to legalize cryptocurrencies as a legal tender. Cryptocurrency is volatile and may have an effect on the business when the market value drops. It is better to establish the business on a long term before accepting cryptocurrency. However, this is innovative and could be a strategy to boost sales.

There is nothing bad for a new business to legalise crypto currency for me , because if the new business get launched what would even make it differ from competitor is the acceptancecof cryptocurrency ,the business would get more attention and popularity ,since it have already legalise crypto currency ,it would be an advantage rather than disadvantage

 

[GoldenLady]

Well I think it will better to study the market and know the right payment option to adopt at a given period. if one coin is no longer favourable then the best bet will be to remove such a coin and replace with a new one. I know it can be tiring that way but no way out than to make it that way for your business.

There are some coins one can be sure of as they've consistently been cheap to use and acceptable.

Litecoin and Tron are two such coins. Bitcoin cash and doge have also been used due to their popularity and low transaction fees.

 

[Brain]

There are some coins one can be sure of as they've consistently been cheap to use and acceptable.

Litecoin and Tron are two such coins. Bitcoin cash and doge have also been used due to their popularity and low transaction fees.

Well, if you say so but business owners still need to do their own assessment and be sure that they are getting value from the payment option they have adopted to use. like dogecoin it is not all companies will love to receive them. so they will go for the one that's best for them. so that's the suggestion.

 

[Duduyemi]

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?

If am to be a businessman or business owner the crypto currency i think is safe for my business whether new or old to be accepted without much risk would be ripple, litecoin, or even binance coin which is bnb. These coin listed have a very low gas fee, and transaction fee is equally low. This will encourage my customers to use crypto currency the more for their payment..

 

[FarahMaulida24]

I think all crypto is good. but i prefer bitcoin, ethereum, litecoin, tron, dashcoin. but keep in mind that the price of this cryptocurrency is erratic

 

[Narendra97]

I think bitcoin, ethereum, dogecoin, tron, bitcoin cash, litecoin. but back to you, which one do you think is the most suitable friend

 

[Ben Kempton]

Cryptocurrencies should be adopted by businesses because they are a great way to pay people and businesses could benefit a lot. I think businesses should adopt coins that have a very low transaction fees. There are a few coins that have a very low transaction fees such as Bitcoin cash and Litecoin. They could be used by the customers to pay for products. These coins are also pretty fast when it comes to sending and receiving money.

 

[Shigobad2020]

Since mostly everybody in the world know the existence of bitcoin , i think it has been accepted by some institutions as a means of payment option when you patronised them , and also ethereum , litecoin and bitcoin cash should also be accepted.

Cryptocurrencies should be adopted by businesses because they are a great way to pay people and businesses could benefit a lot. I think businesses should adopt coins that have a very low transaction fees. There are a few coins that have a very low transaction fees such as Bitcoin cash and Litecoin. They could be used by the customers to pay for products. These coins are also pretty fast when it comes to sending and receiving money.

 

[Ben Kempton]

Since mostly everybody in the world know the existence of bitcoin , i think it has been accepted by some institutions as a means of payment option when you patronised them , and also ethereum , litecoin and bitcoin cash should also be accepted.

Acceptance of cryptocurrencies depend on many factors. Bitcoin is popular but certainly not popular enough in many countries. Many people know about Bitcoin in my country, but still many people do not have any idea about it at all. Apart from that the acceptance of Bitcoins and Altcoins also depends on the policies formed by the government.

 

[Shigobad2020]

Acceptance of cryptocurrencies depend on many factors. Bitcoin is popular but certainly not popular enough in many countries. Many people know about Bitcoin in my country, but still many people do not have any idea about it at all. Apart from that the acceptance of Bitcoins and Altcoins also depends on the policies formed by the government.

I also quite understand that in order to accept crypto currency as a payment option , certain factors must be put into consideration , people are accepting bitcoin payment because almost everybody in the world know about the existence of bitcoin.

 

[Jolito]

There is a rush by many businesses to accept crypto currencies and you are not going to believe them because that is what the world is moving right now. First of all I think you should accept stable currencies like usdt because they are not going to be subject to volatility whenever there is a market crash . Bitcoin is the most popular so I think bitcoin should be later added.

 

[Shigobad2020]

When askibg the questions on the type of crypto currency a new business should accept as a form of payment , you must first think about the business future's on what will pay them and right now the crypto currency with less gass fee is litecoin and its a good coin

 

[a_jerobon]

There is a rush by many businesses to accept crypto currencies and you are not going to believe them because that is what the world is moving right now. First of all I think you should accept stable currencies like usdt because they are not going to be subject to volatility whenever there is a market crash . Bitcoin is the most popular so I think bitcoin should be later added.

Yeah, Bitcoin is very good for sure because it is the most popular cryptocurrency. But these days, people need to be given several options so that they can choose one that is best for them. So it is good that you have several cryptocurrency alternatives. Adding stable coins like USDT is great too. They help alot because they don't experience high volatility.

 

[MayorKayz]

For me I don't think that is any cryptocurrency that is not safe. But what we should be looking at is the stability of the coin. Is it a coin that has a stable price like bitcoin etherium and others like that.
What I meant by stable coin is that there are some coin that will have there price to be for example $100 per 1. Gradually the price might reduced to $10 or even $1 just like funtoken.

 

[rush08]

The widely accepted cryptocurrency in the world today is Bitcoin. Every business outlet should accept Bitcoin as a means of payment because of its acceptability across the globe. That does not mean that there are not other stable coins like USDT and USD coin that has also has been making wave across the globe as also as a means of payment too..

 

[Shigobad2020]

Depending on the business you are starting and it also depend on the choice of the owner of the company , since we all have our favourites among the crypto currency coin , but in my own point of view , choosing the coin that has less gas fee is the best like liteciin.

 

[Shigobad2020]

Most of the people in the work prefer using the world Most popular crypto currency to do business because its known far and wide and its easy to trade with as a business man, bitcoin is easy to trade with , and you can also use ethereum and litecoin.

 

[rush08]

Depending on the business you are starting and it also depend on the choice of the owner of the company , since we all have our favourites among the crypto currency coin , but in my own point of view , choosing the coin that has less gas fee is the best like liteciin.

Exactly it all depends on the acceptability of the cryptocurrency in the region or country. Most countries are accepting Bitcoin as a legal tender and it means businesses can accept Bitcoin as a means of exchange. Another gas fee is very important because there is not having a coin worth $5 and having a gas fee of equal value.

 

[Skysaint]

I would have suggested the use of stable coins but on a second thought, I think they do harbour a high transaction fees as when compared to some other coins. The buyer wouldn't want to take the loss at his end and you the seller wouldn't want to bear the transaction fees yourself.
So the best option I can think of is to make use of payment methods with a very low transaction fee such as litecoin.

 

[Shigobad2020]

I would have suggested the use of stable coins but on a second thought, I think they do harbour a high transaction fees as when compared to some other coins. The buyer wouldn't want to take the loss at his end and you the seller wouldn't want to bear the transaction fees yourself.
So the best option I can think of is to make use of payment methods with a very low transaction fee such as litecoin.

There are varieties of crypto currency coin out there in the work and we have over five thousand different types of crypto currency, but when looking for the best one to use during transaction between business , i believe litecion is the best because of its low gas fee.