"As someone who worked in software during the crypto boom, and was on the receiving end of developers telling others it was foolish not to jump on the crypto bandwagon and work for a blockchain company, I just hope these folks didn’t burn too many bridges on their way out."
-Molly White
One way to use cryptocurrency for your business is to simply accept it as a form of payment. Know the rest of the reasons why you need to consider crypto in businesses.
Cryptocurrency is a digital asset that utilizes cryptography for secure financial transactions and to verify the transfer of assets. In recent years, it has gained popularity as a means of exchange and has even been adopted by some businesses as a form of payment. If you’re a UK business owner, you may be wondering if accepting cryptocurrency is a viable option for your company.
In this blog post, we’ll go over 5 reasons why your UK business should consider accepting cryptocurrency. By the end, you’ll have a better understanding of the potential benefits and drawbacks of adding this innovative payment method to your business. Whether you’re a small start-up or a large corporation, you’ll want to consider the following points as you decide whether or not to embrace the world of cryptocurrency.
Cryptocurrency has come a long way since it was first introduced in 2009 with the launch of Bitcoin. What was once considered a fringe investment has now become a legitimate payment option for businesses around the world. In fact, many UK businesses are already accepting cryptocurrency as a form of payment, and for good reason. Here are 5 reasons why your UK business should consider adding cryptocurrency to your payment options: (read more)…
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Bitcoin is a digital currency that has gained significant attention in recent years. It is a decentralized currency that operates on a peer-to-peer network, and its value has fluctuated widely over time. In this blog post, we will explore expert opinions and analysis to answer the question: Is Bitcoin a good investment?
Warren Buffett
Warren Buffett, one of the most successful investors of all time, has been critical of Bitcoin. In 2018, he called Bitcoin “rat poison squared” and said that it has no intrinsic value. He has also warned investors against investing in cryptocurrencies.
Ray Dalio
Ray Dalio, the founder of Bridgewater Associates, has been more positive about Bitcoin. He has said that Bitcoin could be a good alternative to cash, and that it has some similarities to gold. However, he has also warned that Bitcoin is highly volatile and that investors should be careful.
Jack Dorsey
Jack Dorsey, the CEO of Twitter and Square, has been a strong supporter of Bitcoin. He has said that Bitcoin is the “best candidate” to become a global currency, and that it has the potential to create a more accessible financial system.
Analysis
Volatility
Bitcoin is a highly volatile asset, and its value can fluctuate widely over short periods of time. This makes it a risky investment, as investors could lose a significant amount of money if the value of Bitcoin drops.
Adoption
Bitcoin has seen significant adoption in recent years, with more merchants and businesses accepting it as a form of payment. This could increase the value of Bitcoin over time, as more people use it as a currency.
Regulation
Regulation is a key factor for the future of Bitcoin. If governments and financial institutions continue to regulate Bitcoin, it could become more widely adopted and increase in value. However, if regulation becomes more restrictive, it could limit the adoption and value of Bitcoin.
The question of whether Bitcoin is a good investment is a complex one. Expert opinions are divided, with some warning against investing in cryptocurrencies and others being more positive. Analysis shows that Bitcoin is a highly volatile asset, but it has seen significant adoption and could increase in value over time. Regulation is a key factor for the future of Bitcoin, and investors should be aware of the risks and potential rewards before investing. As with any investment, it is important to do your own research and consult with financial experts before making any decisions.
On March 20, 2022, the New York Times published a 14,000-word puff piece on cryptocurrencies, both online and as an entire section of the Sunday print edition. Though its author, Kevin Roose, wrote that it aimed to be a “sober, dispassionate explanation of what crypto actually is”, it was a thinly-veiled advertisement for cryptocurrency that appeared to have received little in the way of fact-checking or critical editorial scrutiny. It uncritically repeated many questionable or entirely fallacious arguments from cryptocurrency advocates, and it appears that no experts on the topic were consulted, or even anyone with a less-than-rosy view on crypto. This is grossly irresponsible.
Here, a group of around fifteen cryptocurrency researchers and critics have done what the New York Times apparently won’t.
I like how snarky the critics are in this piece: