Why Businesses Should Accept Crypto Currencies

1. Why do we need a Physical Bank (with Unnecessary Infrastructure and manpower Investments) when Algorithms can handle it all. No centralized middleman like visa/mastercard and banks are needed and transaction fees for them will be less especially once all cryptos will adopt the lightning network architecture or something better once it comes in to place.

2. Money flow will be easy as there will be more liquidity in market as most companies can raise money faster through ICO'S and release tokens which can be used to purchase services/products from companies.

3. More people can contribute in a single huge purchase lets say usually there can only be just 3-7 owners of a pub (because they trust each other) Using blockchain and cryptos we can have unlimited owners for a single pub because everything goes to a smart public ledger which can be trusted because thats what blockchain and cyrptos are doing at a fundamental level replacing trust.

4. Once businesses start accepting cyrptos the network effect will kick in and they will directly bypass fiat/local currencies and do business with each other using only cryptos.

We can already see this happening in Japan as most of the businesses there have already started transacting in bitcoins.

5. Cross border transactions will be Instant especially for large amounts.

6. Universal recognition : Cryptocurrencies are universal they are not bound by a specific country exchange rate,Interests or Government Policy.

7. More consumer access : There are lots of users across the world who still don't have access to traditional banking system but have access to Internet and mobile. Businesses can easily empower them to access their products and services using cryptos.

All the above mentioned points will have a significant contribution to the growth of businesses across the world.

1. You can mention your cyrpto receiving address on your website as of now, to make it less technical some kind of API Innovation needs to be done to make it easier for the consumer to pay.

2. Wallets are one of the options for online users to do a payout but we have different wallets for different cryptos so some kind of partnership with exchanges can solve this Issue for businesses as well.

3. Wallets should be more consumer friendly and secure as well cryptos are new to market so it will take some time for Innovations to achieve a product market fit.

4. They can also explore payment services like Bitpay which allows you to accept and send Bitcoins.

1. A QR code can be generated for your receiving wallet and any consumer can directly pay using their smartphone wallet.