Is It Wise For Companies To Accept Bitcoin As A Payment Method?

[Good-Guy]

Bitcoin is a kind of asset that has gained the kind of attention that was never gained by any other asset. It is a kind of a digital asset that has been in the news all the time. There are so many people who have invested in it and there are so many investors who might be planning to invest in Bitcoin. The price and trading volume of Bitcoin depends a lot on many different factors. One of the major factor that might have a huge impact on Bitcoin's price is Bitcoin's acceptance as a payment method in the online world. Since the launch of Bitcoin in the year 2009, there are so many companies that have been accepting Bitcoin as a payment method world wide.

In fact, many major corporation and charity organisations also consider Bitcoin as their ideal payment choice. However, do you think that Bitcoin is actually a kind of asset that should be accepted as a method of payment by companies? Bitcoin is a very volatile asset and its volatility could cause many major companies to suffer from losses because if an organisation receives millions of dollars of worth of Bitcoin, then the will suffer, even if Bitcoin fluctuates to 0.5 percent. What do you guys think?

 

[saoussen5765]

The high fee of bitcoins let most of people accept being paid in altcoins instead of bitcoin one but he gains interest because it is really old on the market nothing else.

 

[Jasz]

Bitcoin is a good means of payment, however so many companies don't use it. The main reason why companies don't use crypto as their payment gateway is because of the volatility. The prices of Bitcoin, Ethereum and other cryptocurrencies are extremely volatile and can change drastically in a matter of days or even hours. This makes it very difficult for companies to accept cryptocurrencies as payment for goods and services.

Another reason why companies don't use crypto as their payment gateway is because there is no regulatory framework for cryptocurrencies in many countries. This means that there are no laws to protect consumers who buy products or services using cryptocurrencies such as Bitcoin and Ethereum. There is also no legal recourse should something go wrong with a purchase made using cryptocurrency like Bitcoin.

This is why most companies don't use crypto as their payment gateway yet but they will begin using them when more regulations are put in place that protect both consumers and merchants alike.
The current state of cryptocurrency is very much like the wild west. There are many people who don't understand it and there are many scammers and con artists who are trying to take advantage of this idea.

 

[saoussen5765]

Website owner could for example for setting up Coinbase or Coinpayments as payment method convert its assets once a day to USDT. Then when he needs the money USDT isn't volatile like Ethereum or BTC and payment from Coinbase email to Coinbase email or same for Coinpayments has no USDT fees.