Many companies are using bitcoin as their payment because of its high market volatility and potential to bring the economic revolution, however, one must question how bitcoin can help to grow a small firm under the digital transaction method.

Don’t worry about the system, just be present along with this blog, as we will be discussing some of the important facts that always go unnoticed by the business person and the small-scale businesses.

What are some businesses that are accepting the bitcoin value?

According to the data obtained from coinmap.org, It is found that more than 15000 businesses are active on the part of accepting bitcoin as the payment method, out of which there are top thirteen major national companies throughout the US which are making records of more than 3 lakh transactions in bitcoin per day. If you are interested in bitcoin trading visit crypto-profit.

Some of the bitcoin transactions are doing due to the importance and popularity it is gaining within the multinational companies which are as below:

·    Microsoft: Microsoft has recently announced that it will be accepting Bitcoin as payment through its online windows store or via a digital platform called XBOX.

·    Shopify: The biggest e-commerce platform that has introduced bitcoin as the trading exchange method to be transacted through major digital platforms like Coinbase, Bit pay, Go coin, etc.

··    Overstock: It is the biggest online retailer investment e-commerce platform that emerges as the major website to accept payment in Bitcoin.

·       Starbucks: Starbucks had opened a section to add bitcoin in the form of gift card balances by using the Starbucks app which uses a digital wallet called ‘Bakkt’ for converting bitcoin to fiat value.

Now about the top ten ways to use bitcoin for growing your business

Cryptocurrencies have been a new concept of investing that is still a matter of new challenges and trading policies, but again some big companies are making lots of profitable amounts using this anonymous peer-to-peer blockchain network because:

Cryptocurrencies help establish a new business network

As the heading itself gives an idea, cryptocurrency is a peer-to-peer network with an open-source technology that works with a block linking with another block, many new users and customers are linked with the chain daily, which provides a profitable edge to create some business network.

Cryptocurrencies help to bring integrity to your company’s working mechanism

Cryptocurrencies protect the integrity of worldwide digital transactions, through its principle called ‘proof-of-work', by securing some sensitive data and preventing double-spending attacks.

Cryptocurrencies are the most authentic way of payment

It is a new system as it incorporates a highly secure protocol, which works on the number of verifications through which the user can navigate his/her account. The more security confirmations the trader has, the more trades they will be allowed to trade.

Cryptocurrencies save from data leakage

No, data leakage and hacking can easily be done as it has been built with extremely complicated mathematical algorithms and data structures that are tested and secured with a distributed ledger.

Cryptocurrencies display anonymity in trading

Your identity and personal details are unknown to any third parties or central banks as per the protocol mentioned, and you can keep your profits and amount anonymous, known to you only.

Top companies are becoming a hub to accept cryptocurrencies

As previously discussed, we have provided the data and list of some big multinational companies that are gradually turning towards cryptocurrencies as their new payment system.

Cryptocurrency is a good alternative for a potential investable asset

It is considered a good alternative for CFD and brokerage systems where you can easily have it as your investable asset because of its conversion rate value.

Cryptocurrencies provide exposure for new liquidity rate

As there is a process called Bitcoin halving done after every four years, brings lots of liquidity in the cryptocurrency market, also the news from big firms increases or decreases its fluctuating market value.