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As we have informed our clients and members the previous week, Mories Organization is adopting as payment method the Bitcoin and is entering the world of cryptocurrencies. Read the article HERE
We have made one step further, except payments in Bitcoin from today the organization is accepting other crypto as well. As payment option in the e-commerce system of Mories, you will be able to made purchase with 0% fees for Etherum, Cardano, Binance Coin, Waves. You requested it- we made it real.
Cryptocurrencies are a type of decentralised currency that has become rather popular in the last few years, especially bitcoin. A handful of businesses now accept crypto payments for goods and services and many will follow. However, any forward-thinking business would do well to set up such payment structures for themselves.
Cryptocurrency has become wildly popular, with bitcoin, the most popular cryptocurrency, having its value skyrocket in the first few weeks of 2021 and being bought by companies like Tesla. Despite all of this, it is not overly common for businesses to accept bitcoin payments for their products and services, but why?
For many, there are concerns about setting up the payment infrastructure to accept cryptocurrency. Business owners are usually aware of how to set up debit cards and PayPal payments on their websites, but no idea how to set up bitcoin payment options. This is because bitcoin and other cryptos are stored in a different way than fiat currency and many do not know where to start.
Mories Organization team will be glad to advise any member interested to be involved with accepting crypto as a way to look in the future and gain as customers, crypto holders.
Why are they the future?
Despite whatever challenges might be involved, it would be a good idea for a business to accept bitcoin. First, bitcoin and other cryptocurrencies are very popular at the moment and more people are turning to them for payment. Not accepting bitcoin and other cryptos means shutting yourself out from a large potential market, and one that is very tech-forward.
As time goes on, not having a bitcoin payment gateway will be as odd as not having an option for virtual payment and will be an indicator of a business being outdated and this can turn away customers. Additionally, enabling crypto payments ahead of time will allow a business to stay ahead of the curve and secure a larger share of the market.
As a business owner, you might be concerned about how to accept bitcoin as payment with ease. An initial assumption might be that you need coding or blockchain experience in order to set up crypto payments for your business but this is untrue.
How does this benefit cryptocurrencies?
You might wonder who accepts bitcoin and if there is any benefit to doing so. Thanks to innovation from companies such as PayPal, businesses such as AT&T and even KFC in certain territories have successfully integrated cryptocurrency into their payment structure.
Cryptocurrency payments are irreversible and this reduces the instances of fraudulent transactions such as customers seeking credit card chargebacks after receiving their products. They also ensure a greater level of privacy for both the sender and the receiver due to the fact that cryptocurrency is built on distributed ledger technology.
