![]() Likewise, accepting crypto payments can make you an attractive brand to these early adopters and most companies have seen revenue growth by targeting this audience. If your company is targeted at millennials or younger generations, it may be worth considering crypto payments. The same survey from US personal finance comparisons portal Finder also revealed that men are twice as likely to invest in cryptocurrency than women. Population-wise, millennials are far more likely to invest than previous generations, with 17.21% of millennials owning cryptocurrency compared to 2.24% of baby boomers. Currently, only 2.9 to 5.8 million people globally actively use cryptocurrency, according to a report from the Cambridge Centre for Alternative Finance. ![]() So far, cryptocurrency is still only used by “early adopters”. In order to help you decide if you should, we take a closer look at how likely it is for cryptocurrency to become a major payment method. While large corporate companies may be starting to accept Bitcoin (more on this later), as a small or medium enterprise, you want to consider potential gains as well as problems before you accept it for payments. Many questions remain about whether this is a viable payment method for companies and if your business should join the cryptocurrency bandwagon. In 2017, the total amount of cryptocurrencies and digital assets on exchanges more than doubled (from 617 to 1,335) sending prices through the roof and causing an international outcry.Īs we recover from the excitement of 2017, it’s time to take a serious look at the future of cryptocurrency. Cryptocurrency has recently captured international attention after experiencing significant, remarkable growth but will it become a major payment method in the near future?
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