Should Your Company Accept Bitcoin And Other Cryptocurrency Payments?

While your organization may have already grappled with whether or not to add PayPal, Square or Apple Pay to your payment options, adding the ability to accept cryptocurrency is a bit different. Decided to accept cryptocurrencies is more like the decision to accept foreign currencies than just choosing to add a new form of payment processor. There are significant benefits to accepting crypto, but it is not without some drawbacks. Savvy business owners should weigh these pros and cons when making the decision for their company.

Should your company accept cryptocurrency?

According to Michael Foster, co-creator of localethereum — a decentralized Ethereum marketplace enabling peer-to-peer exchanges — “crypto enables cheap and borderless near-instantaneous transactions. This enables customers all over the world — even those without access to traditional banks, but with access to the Internet — to purchase your…