Blockchain, the public ledger underpinning of digital currencies like Bitcoin, is poised to transform the way we do business. Cryptocurrency, once an obscure tool embraced primarily by those interested in anonymous, even shady transactions, is becoming increasingly mainstream, as individuals and businesses embrace it for a wide variety of reasons. If you aren’t using digital currencies in your business right now, you almost certainly will be in the days to come. Here are four ways to use blockchain right now, and help your company gain a competitive edge.
Accepting Payments For Goods and Services
One of the simplest and most effective ways to leverage blockchain in your business is to accept payments from your customers. Accepting blockchain payments, in the form of cryptocurrencies like Bitcoin, can offer your company several advantages. First, it is yet another option for customers to pay for goods and services; the more payment options you offer customers, the better chance you have of getting paid.
Additionally, using blockchain can help you effectively eliminate the middleman on many transactions, especially on real property items, and help save both you as well as your clients substantially on brokerage or legal fees. Finally, since cryptocurrencies like Bitcoin are universally recognized, using them helps facilitate international business transactions as well.
