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Funding a business
Using Cryptocurrencies To Fund Your Business?
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[QUOTE="Mellorando, post: 206020, member: 37973"] 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. [/QUOTE]
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