As a business owner, you’ve probably heard about Bitcoin. Maybe you even take Bitcoin payments in your company. However, you may still want to know more about business and Bitcoin. As the leading digital currency, Bitcoin has made headlines for several reasons. And some of these reasons are not good. Nevertheless, Bitcoin’s popularity, acceptance, and…
Bitcoin doesn’t have an intrinsic value and relies on a distributed trust system. Ideally, this virtual currency doesn’t depend on tangible or physical goods, governments or banks underwriting, or a regulatory framework. Instead, Bitcoin uses the blockchain to record all transactions on a distributed public ledger.
Your business could also opt to take Bitcoin payments to minimize the risks of handling cash on a local premise. Also, taking Bitcoin payments can make your business seem more innovative. Your customers can also request to pay with Bitcoin.