It's Time that You Acknowledge Crypto Currency. No need to be afraid - lots of places now recognize it
FitSmallBusiness.com lists the Best Ways Your Business Can Use Cryptocurrency in 2018.
It is 2018 and by now if you are unaware what Bitcoin or LiteCoin is, your financial research is limited. Cryptocurrency came in with a bang and in recent years there has been an unprecedented surge in its market value. In a matter of 5 years, the value of cryptocurrency went from 1.6 billion US dollars to 300 billion US dollars. In 2017 alone, many businesses start to accept Bitcoin with an increase of 11.4 percent in its acceptance.
More people are now making online purchasing by using their cryptocurrency and many retail and online stores now accept payments in cryptocurrency.
Some businesses find themselves uncertain on what to do with the accumulated cryptocurrency. While in some instances the cryptocurrency is converted into cash but it takes few days and fluctuation in cryptocurrency can bring it down in monetary value. The best option is to reinvest the currency back in the business.
FitsmallBusiness.com is a digital publication that has researched extensively on how businesses can spend and reinvest the cryptocurrency they are earning.
Some Ways You can Spend your Cryptocurrency
You can reward employees by sending them on foreign trips and use cryptocurrency to make payment, book hotels and cover traveling expense. Many airlines and hotel accept crypto payments.
You can use the currency to buy your office electronic systems like notebooks, desktops, and printers.
You can use sites like CoinHost and HosterBox for web hosting and they accept cryptocurrency for payments.
You can also do cloud hosting through servers like Bithost that accepts payments made in cryptocurrency.
We have mentioned several businesses that accept cryptocurrency here but more research is available at FitSmallBusiness.com.
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