Bitcoin payments make a lot of sense for SMEs, but the risks still remain
— Payments, Smes, Remain, Volatility, Payment, Business, Risks, Market, Sense, Bitcoin — 1 min read
A recent report shows that small to medium-sized enterprises are extremely open to the idea of accepting cryptocurrency payments. 24% of respondents said that they plan on accepting Bitcoin alongside other digital currencies in the near term. 59% of SMEs plan on transitioning exclusively to the use of digital payments by the start of 2025. Bitcoin makes absolute sense as a day-to-day medium of exchange for SMEs, says Igneus Terrenus, policy advocate for cryptocurrency exchange Bybit. Businesses who want to accept Bitcoin but are afraid of a serious price decline should simply “convert their BTC to. fiat as soon as they receive it’s.” says Lior Yaffe, co-founder and director for blockchain software firm Jelurida. Source