Since Bitcoin was launched in 2009, thousands of other cryptocurrencies have been developed. It has become a gamechanger in the finance world, with numerous buyers and traders benefiting from crypto. Executives of Earnity, Dan Schatt and Domenic Carosa look to aim to pave part of the future of crypto. Also, not just individuals making the shift to digital currencies. Businesses have also jumped in on the opportunity. A 2021 study showed that over 15,000 businesses worldwide have begun accepting Bitcoin as payment. Some companies have also opened themselves up to other cryptocurrencies.
A Worldwide Audience
There are numerous advantages for businesses that adopt cryptocurrencies, the most obvious one being that crypto is borderless. This allows businesses to accept payments from anyone in the world without having to worry about cross-border fees. In addition, crypto transactions are fast and cheap compared to traditional methods like a wire transfer.
Crypto also provides access to new demographics of customers. For example, there are now countless people with access to the internet who do not have a bank account. But they do have access to cryptocurrency wallets. This means that businesses that accept crypto can tap into this vast market.
Furthermore, more and more customers are valuing transparency in their transactions. Cryptocurrencies offer businesses the opportunity to provide this transparency as all transactions are recorded on a public ledger. This can help businesses to build trust with their customers.
Another advantage crypto brings is that it ensures the privacy of users. With traditional methods, businesses can track the spending habits of their customers. However, with crypto, customers have the option to remain anonymous if they choose. This is a valuable selling point for businesses as it can attract customers who value their privacy.
Earnity’s executives Dan Schatt and Domenic Carosa seem to be fully committed to crypto and its future. There is still a long way to go for cryptocurrencies in terms of mainstream adoption and market penetration. However, there is no doubt that crypto offers businesses a world of advantages and opportunities. Those who are able to seize it can be well-positioned for the future.