Crypto payments as a trend: who’s added the option in 2021?dredin
According to Coinflip, the overall number of crypto-accepting companies has reached 23 600 in September 2021. Since the beginning of 2020, this number has skyrocketed by 277% – business owners understand that crypto payments unlock new opportunities for them.
As of 2020, merchants accepting digital currencies earned $9.4 billion. An average crypto-friendly company got $552 941 worth in Bitcoin and other digital assets. What’s even more important – the crypto market has skyrocketed by 1107%, and business owners who prefer holding over withdrawal multiplied their profits.
Cryptocurrency digital payments are a brand new opportunity for merchants and enterprises; this is why the list of crypto-friendly businesses includes giant corporations as well.
Companies that have joined the industry in 2021
Elon Musk and his Tesla had been headliners of the crypto news for several months. Since April 2021 Tesla has officially commenced to accept crypto payments. At present, holders may purchase electric vehicles for BTC only.
The summer of 2021 brought some more exciting news for crypto holders. The Pavilions Hotels & Resorts that includes hotels in more than 14 countries have added the crypto payment option as well – on top of Bitcoin, travelers may use 40 more digital assets. Xiaomi, a world-known manufacturer of consumer electronics, unlocked crypto payments for Portuguese clients.
The September welcomed two more giant crypto-supportive corporations – AMC, a theater chain, added BTC payments and now thinks over some more digital currencies, while the NYC-based largest real estate company, Magnum, joined the “light side” as well.
While talking about crypto rumors, the community expects to find Amazon and Walmart among the crypto-accepting businesses. Giant corporations understand that crypto coin payments are not just another innovation – such a solution enables business owners to reach new highs.
Crypto payments as a breath of fresh air for small and medium businesses
The recent survey has disclosed that 36% of US small and medium-sized businesses have already added a Bitcoin payment option. This innovation serves as a powerful boost for merchants who get an opportunity to overrun competitors. Imagine that your target audience has suddenly skyrocketed by 300 million clients (that is a number of crypto holders globally).
Furthermore, crypto payments are a double opportunity for a business owner. On the one hand, you get an extended customer base and more sales, while on the other hand, merchants easily access an investment instrument that brings more gains than stocks, gold, and other investment options.
B2BinPay: just do it!
How to accept crypto payments as a business? Merchants frequently think over multiple aspects, being afraid of innovation. Meanwhile, there is a solution that moves all the risks aside. This solution connects your website to crypto payment APIs, making the whole process safe and straightforward for customers.
As for merchants, two possible options appear. Business owners may convert cryptocurrencies into fiat money right after a customer have sent them, or receive digital assets on a secure multifunctional wallet and then decide what to do with BTC, ETH, USDT, and other coins, stablecoins, or tokens (B2BinPay processes payments in 800+ digital currencies).