How can small businesses benefit from crypto payments?
Apart from the benefits for accepting crypto benefits, small businesses that accept crypto payments can take out crypto loans. To get a crypto loan, you need to have a certain amount of crypto. Accepting crypto payments will give you access to more crypto, without having to invest in it directly. However, as with all things in crypto, you must DYOR to find credible lenders who give you reasonable credit against your crypto collateral. Lack of access to financing is one of the chief obstacles that small businesses face. Accepting crypto payments can help eliminate this.
Even so, the technical aspect of setting up a cryptocurrency payment solution may sound intimidating to a business owner. In such a case, you can use a cryptocurrency payment gateway
like IN4X Global. Their crypto payment solution accepts crypto payments for both online and offline businesses. Moreover, their
helps you convert your cryptocurrency into fiat. Hence, even when you accept crypto payments, you can choose to receive the settlement in cryptocurrency or fiat.
A majority of crypto payment gateways have tie-ups or host their own wallets that enable crypto payments. However, IN4X Global Payment Gateway is wallet-agnostic. Hence, a consumer can pay using any wallet of their choice. This means more freedom for the consumer.