Finance Using Cryptocurrencies To Fund Your Business?

[Good-Guy]

Funding a business is one of the many ways to invest your capital into any kind of business. Funding involves managing your finances in a much better way. However, the term "Funding" is a much broader term and it also involves the way of sending or financing your business. Most of the time we use checks and cash to fund businesses. However, there are various ways you can use to finance your business if you live in a different country. I am sure that using cryptocurrencies can be an innovative way to finance your business! For example, let's say if you start a finance company that invest in shares which require collection of capital from different shareholders, then I am sure that many investors would be willing to fund the business or buy shares through cryptocurrencies online. In fact, many big corporations have already made this facility available to most of the investors. What do you say?

 

[Mika]

If you have invested a lot of money in cryptocurrencies and if you need money to start a business, you can sell your cryptos and use that money to fund your business. However, when you are selling your cryptos, make sure you are selling during the bullish period. However, you should also stop being too greedy

 

[Suba]

In theory it may be easy, raising funds from the sale of shares with cryptocurrencies, but for a company that is just starting out, it is very doubtful for investors to buy shares either in the form of traditional shares or in the form of a Security Token Offering, after all legally issuing shares. shares must be licensed by the government.

 

[Mellorando]

Cryptocurrencies like Bitcoin, enables businesses to use algorithms that allow financial transactions to occur in real time. The barrier breakthrough with Bitcoin now allows businesses to avoid dealing with the complexity of traditional financial transactions on the internet as well as allowing global access to cash exchanges. One big area that cryptocurrencies can help merchants with is security. Cryptocurrencies can also be useful to help businesses with their cash flow. If a customer pays for a product using a credit card, their banking provider ensures if they require a refund, you the retailer has to pay them back.
It is advisable for business to use crypto because of it Increased security and Because of its decentralised nature, cryptocurrency protects merchants against fraud. There aren't any third parties that can cancel your online payments. The blockchain stops customers without appropriate funds to make a payment, reducing the likelihood of time-wasting chargebacks.
Businesses can buy and sell cryptocurrencies through their business accounts, or stake their coins to an exchange like BlockFi and earn interest on the holdings. Businesses can also accept Bitcoin and other digital currencies as payment through Square, PayPal, or platforms like CoinBase Commerce. Although it sounds fun easy and possible to use cryptocurrency in businesses note that, There's a potential for fraud and theft.While some cryptocurrencies are legitimate, there is also the potential for fraud and theft. ... It's bad enough that the Securities and Exchange Commission regularly issues investor alerts about fraud surrounding cryptos.

 

[Kingsley]

There is no doubt that crypto currencies is trying to become the new normal as we can see that the digital space is gaining more dominance in the world today. And according to experts they all agree that crypto currencies has come to stay and will continue to break new grounds. Now on the idea of using crypto currencies to fund a business or using it as a means of base to manage a business could be advantageous and also have a catastrophic effect, reasons been that they system is built on the forces of demand and supply and it doesn't flow in one dimension. This character is what makes it unique in the sense that when the coins are appreciating it is most certain that the business which is getting her funding through crypto wil be successful at that particular point in time.

Then if the market should go against the trader as this is the case in most situation as experience has shown that most people going into crypto currency trading are not knowledgeable enough to manage risk and losses. In some case or extreme cases when one is trading on futures one can possibly loss all the asset in the system. And this may lead to the death of the business that is getting her funding from trading.