With transactions that take a few seconds to process to minuscule transaction fees, BCH makes for a great choice for anyone looking to enjoy the benefits of blockchain and cryptocurrency.
Low Transaction Fee
The biggest benefit of Bitcoin Cash for your business is the low transaction fee it offers. Currently, BCH transactions cost $0.012 which is less than a cent, a minuscule amount compared to traditional card payments which take about 3% in transaction fees.
Near Instantaneous Transactions
Bitcoin Cash transactions typically take a few seconds to confirm making them a much ideal choice of payment when compared to its counterpart Bitcoin.
No Chargebacks
Bitcoin Cash transactions like any other cryptocurrency happen over the blockchain which means that the transactions are irreversible, so, you do not have to worry about payments going back to the customers.
Security
Blockchain is by far one of the most secure forms of money transfer. Using cryptography, decentralization, and shared consensus it is near impossible to manipulate or alter the transaction data.
With cryptocurrency, such risks are largely mitigated, as transactions are anonymous and private. If proper measures are taken, crypto can be a fairly secure way to perform everyday transactions.
Future Ready
Cryptocurrency and blockchain are the next evolution of money and payments.
Millions of customers are opening up to cryptocurrency as using it as a mode of payment. By accepting BCH you as a merchant are opening up to a much wider customer base.
Source: Blockonomics - Benefits of Accepting Bitcoin Cash [BCH] for a Business
[link] [comments]
source https://www.reddit.com/r/btc/comments/mx5qw9/the_many_benefits_of_bitcoin_cash_bch_for/
No comments:
Post a Comment