{"id":13922,"date":"2021-10-21T14:42:42","date_gmt":"2021-10-21T09:12:42","guid":{"rendered":"https:\/\/zebpay.com\/?p=13922"},"modified":"2023-02-07T10:32:46","modified_gmt":"2023-02-07T10:32:46","slug":"why-should-businesses-consider-crypto","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/why-should-businesses-consider-crypto","title":{"rendered":"Why should businesses consider crypto?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/why-should-businesses-consider-crypto\/#Lower_transaction_fees\" title=\"Lower transaction fees\">Lower transaction fees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/why-should-businesses-consider-crypto\/#Secured_transactions\" title=\"Secured transactions\">Secured transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/why-should-businesses-consider-crypto\/#Faster_Transactions\" title=\"Faster Transactions\">Faster Transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/why-should-businesses-consider-crypto\/#No_chargebacks\" title=\"No chargebacks\">No chargebacks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zebpay.com\/in\/blog\/why-should-businesses-consider-crypto\/#Anonymity_and_Privacy\" title=\"Anonymity and Privacy\">Anonymity and Privacy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zebpay.com\/in\/blog\/why-should-businesses-consider-crypto\/#Brand_Value\" title=\"Brand Value\">Brand Value<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/zebpay.com\/in\/blog\/why-should-businesses-consider-crypto\/#Closing_Thoughts\" title=\"Closing Thoughts&nbsp;\">Closing Thoughts&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><strong>Many large companies have made the headlines for accepting Bitcoin and other currencies as a mode of payment. Some of these companies are Microsoft, PayPal, Coca Cola, Visa, Amazon, Starbucks. The use of cryptocurrencies are becoming a lot more mainstream in the scope of global adoption<\/strong>. <strong>Business should consider crypto for all the benefits it provides.<\/strong><\/p>\n\n\n\n<p>Let&#8217;s go over some now.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-lower-transaction-fees\"><span class=\"ez-toc-section\" id=\"Lower_transaction_fees\"><\/span>Lower transaction fees<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Business owners have to bear the cost of credit card fees in order to facilitate smooth transactions. International payments bear even higher fees. There is no difference in the fees charged whether domestic or internationally with <a href=\"https:\/\/zebpay.com\/in\/buy-cryptos\/\" target=\"_blank\" rel=\"noreferrer noopener\">crypto<\/a>. All in all, the transaction fees are much, much lower.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-secured-transactions\"><span class=\"ez-toc-section\" id=\"Secured_transactions\"><\/span>Secured transactions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Crypto is much more secure than credit card companies or banks. All transactions are immutable and stored safely on the ledger. It also acts as a safeguard against <a href=\"https:\/\/mint.intuit.com\/blog\/planning\/credit-card-fraud-statistics\/\" target=\"_blank\" rel=\"noreferrer noopener\">credit card fraud<\/a>. Private and public keys help in securing digital wallets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-faster-transactions\"><span class=\"ez-toc-section\" id=\"Faster_Transactions\"><\/span>Faster Transactions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Crypto transactions are faster than regular bank to bank or other types of transactions. This is because unlike the <a href=\"https:\/\/www.americanbanker.com\/payments\/opinion\/traditional-payments-are-failing-merchants-in-their-time-of-need\" target=\"_blank\" rel=\"noreferrer noopener\">traditional transactions<\/a>, crypto requires no middleman. It is a direct peer-to-peer matter. Traditional methods can sometimes take hours or days, crypto transactions are instant.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-no-chargebacks\"><span class=\"ez-toc-section\" id=\"No_chargebacks\"><\/span>No chargebacks<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Businesses can bear a lot of losses and uncertainty due to chargebacks. A chargeback is the amount that is returned to the card holder, if they successfully dispute an item on their account statement. Sometimes, this can be a full-fledged fraud. Customers can buy goods and services and claim they are unsatisfied and claim their money back. Fraudulent charges are pressed against the merchant by the credit card company. These charges and cases can be very expensive and tedious for the business leading to losses and frustrations.&nbsp;<\/p>\n\n\n\n<p>However crypto payments can completely eliminate the chargebacks. Transaction can&#8217;t be altered as the ledger is public to every node and computer on the network.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-anonymity-and-privacy\"><span class=\"ez-toc-section\" id=\"Anonymity_and_Privacy\"><\/span>Anonymity and Privacy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Anonymity and <a href=\"https:\/\/zebpay.com\/blog\/is-your-crypto-as-safe-as-you-think\/\" target=\"_blank\" rel=\"noreferrer noopener\">privacy<\/a> is one of the crucial benefits of using cryptocurrency for payments. Allowing a customer to buy a good or service using crypto, means giving them the freedom to anonymity. Something that is not fully possible with credit or debit cards. These companies will have all your data, copies of your identity cards, purchase history and what not.&nbsp;<\/p>\n\n\n\n<p>Sensitive information is protected using blockchains. In a world of data encroachment, this is a luxury. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-brand-value\"><span class=\"ez-toc-section\" id=\"Brand_Value\"><\/span>Brand Value<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Businesses that accept cryptocurrency do experience a first mover advantage and are getting ahead of the curve. They are perceived as modern and tech-savvy. It can attract good publicity and attract customers, investors and so on.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-closing-thoughts\"><span class=\"ez-toc-section\" id=\"Closing_Thoughts\"><\/span>Closing Thoughts&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All of the above are very solid reasons why businesses should accept and adopt <a href=\"https:\/\/zebpay.com\/in\/buy-cryptos\/\" target=\"_blank\" rel=\"noreferrer noopener\">cryptocurrency<\/a>. Let\u2019s not forget also that it is a hedge against inflation, as purchasing power has been deteriorating of late. Many businesses may be just adopting crypto to get in on the trend, but its benefits will be extremely apparent soon.&nbsp;<\/p>\n\n\n\n<iframe width=\"620\" height=\"416\" src=\"https:\/\/strawpoll.com\/embed\/v91bbx1ub\" style=\"width: 100%; height: 416px;\" frameborder=\"0\" allowfullscreen=\"\"><\/iframe>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-dots\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Many large companies have made the headlines for accepting Bitcoin and other currencies as a mode of payment. Some of these companies are Microsoft, PayPal, Coca Cola, Visa, Amazon, Starbucks. The use of cryptocurrencies are becoming a lot more mainstream in the scope of global adoption. Business should consider crypto for all the benefits it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/13922"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=13922"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/13922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/13923"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=13922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=13922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=13922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}