Why Do We Accept Bitcoin Payments?
One of the most underrated inventions of the 21st century so far, is Bitcoin – BTC. It is not only a decentralized currency, but it is also an innovative payment system that makes it cheap to transact. These are some of the reasons why we decided to integrate Bitcoin payments to Staxdeal.
Here is a little bit more about Bitcoin and why we think it makes sense for us.
What is Bitcoin?
If you are reading this and you still don’t know what Bitcoin is, we can offer a simple explanation:
- Bitcoin – as its creator, Satoshi Nakamoto, defined it – is an electronic form of P2P cash
- It is decentralized, meaning there are no governments or bank behind it
- No intermediaries are needed, which makes transactions cheaper and lowers operational costs
- The first functioning and widely adopted cryptocurrency has a predictable, limited money supply
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The Advantages of Paying with Bitcoin
Now that you know what Bitcoin is, let us walk you through the obvious and not so obvious advantages of using BTC to shop:
- Payments are quick. It generally takes about 30 minutes for a transaction to be confirmed
- If you use BTC correctly, you will enjoy a degree of anonymity when you shop online, similar to using cash
- Another payment rail choice for our customers
Why do Bitcoin Payments Benefit Us?
You might be asking yourself how Staxdeal benefits from enabling Bitcoin payments. We are going to share that little secret with you:
- Reduced fees – PayPal and other payment rails charge us for each transaction. Bitcoin is a cheaper option for us, making us more profitable
- It gives us free marketing – when a business accepts BTC payments, the community tends to spread the word
- Allows us to reach a wider public – those who are looking to spend the Bitcoin they already have, will see us as an option
Does this Change Anything?
Despite all of these advantages, if you want to keep on shopping with good old traditional money, you will be able to do so. We are keeping our original payment options open for you. We will be looking to add more options for you to improve your shopping experience. Bitcoin is just one of them.
So, whether you would like to keep on using good old digital money or Bitcoin, our staff here at Staxdeal will be more than happy to keep on supplying the goods, taking special care of all our customers. Thanks for shopping with us!