Accepting payments in Bitcoin (CRYPTO: BTC) has some notable advantages. The original cryptocurrency was built for an online world, and eliminates or reduces many pain points for merchants by lowering banking fees, reducing transaction costs compared with digital payment networks like Visa (NYSE: V), and expediting the speed at which transactions are settled. Wild swings in Bitcoin's price is also a major detractor as a form of payment. Read More...
Accepting payments in Bitcoin (CRYPTO: BTC) has some notable advantages. The original cryptocurrency was built for an online world, and eliminates or reduces many pain points for merchants by lowering banking fees, reducing transaction costs compared with digital payment networks like Visa (NYSE: V), and expediting the speed at which transactions are settled. Wild swings in Bitcoin’s price is also a major detractor as a form of payment.
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