Bitcoin is a cryptocurrency that have gained so much reputation that now many major companies use it as a payment method. In fact, many companies have even started to offer commissions and salaries using bitcoin. So, when it comes to using bitcoin in the business community, do you think that it could prove to be relevant and one of the best assets in the business world?
Do You Think That Bitcoin Is Important For The Business Community?
- Thread starter Passiveearner
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Bitcoin is the first and most recognized cryptocurrency in the world. If cryptocurrency would have an impact on the business World, Bitcoin would be a major driver of such a move.
Several years ago Bitcoin has been used as a medium of exchange, in many shops, even Paypal also provides payments for buying goods with Bitcoin, also some countries, such as Japan have paid employee salaries using Bitcoin, but currently the blockchain fees are very high, even crypto exchanges Big companies like Binance also halted Bitcoin transactions up to two times. So it is currently irrelevant if Bitcoin is used as a medium of exchange.
Bitcoin is a global payment system and it will be advantageous for businesses to adopt it . The bitcoin is a famous cryptocurrency that has a lot of potentials as well.
With Bitcoin ATMs already in existence and in use, it is sure that the premier cryptocurrency has a huge role to play in the business world in the upcoming years. Ot would be running side by side with the dollar.
Yes very apt, bitcoin, cryptocurrency is very sophisticated for many government of some nations hence the reason why they try all within their power to bring bitcoin down, but that's definitely not going to work.
Bitcoin in the next few years would be a major form of exchange especially in the online world. There is no need for governments to be insecure about the crypto currency as it can work without the dollar.
I see most government trying to fight bitcoin and it baffles me to know that it does not harm to the government does not harm to the people but rather a topless the people as a lot of people get jobs get wealth and I am powered through cryptocurrency than even the government of the country.
Bitcoin eases the problems associated with sending and receiving funds. Bitcoin transactions are cheaper and faster compared to traditional payment solutions, for example, bank transactions. Therefore, Bitcoin is important for the business community.
I do not think it is important, it is mainly based on preference. There are so many companies and business that are doing pretty well without having anything to do with bitcoin or crypto currency in general at the moment.
