Great News! You Can Now Pay With Crypto At INT.

Great News! You Can Now Pay With Crypto At INT.

By Ankan October 11, 2021 - 6,716 views

If you are wondering how you can spend your unused Bitcoin, here is a place where we are bringing value in return of it. Now crypto can help you in getting your software project developed sooner. We at INT. have started accepting different cryptocurrencies for payments and transactions with our clients, as announced in this Valdosta Daily Times article

A burgeoning number of members of different domains of the worldwide industry are accepting/utilizing bitcoins and other cryptocurrencies for a host of reasons such as investment, operational, and transactional purposes. As of now, INT. only attempts to keep the usage of cryptocurrencies at a transactional level for primarily Bitcoin, Ethereum, and Dogecoin. As with any novel frontiers, there are many unknowns, but also strong incentives to explore them further. We will attempt to explore the kinds of questions and insights enterprises should consider as they determine whether and how to use digital assets, including transacting with them.

Why consider using crypto?

More than 2,300 US businesses accept bitcoin, according to one estimate from late 2020, and that doesn’t include bitcoin ATMs. An increasing number of companies worldwide are using bitcoin and other digital assets for a host of investment, operational, and transactional purposes.

The use of crypto for conducting business presents a host of opportunities and challenges for any company, let alone software ones. As with any frontier, there are both unknown dangers and strong incentives. That’s why companies venturing to use crypto in their businesses should have two things: a clear understanding of why they are undertaking that action and a list of the many questions they should consider.

What can crypto do for your company?

To spark your company’s thinking about crypto, here are some of the biggest motivations behind why some organisations are currently using crypto:

  1. Crypto may provide access to new demographic groups. Users often represent a more cutting-edge clientele that values transparency in their transactions. One recent study found that up to 40% of customers who pay with crypto are new customers of the company, and their purchase amounts are twice those of credit card users.
  2. Introducing crypto now may help spur internal awareness in your company about this new technology. It also may help position the company in this important emerging space for a future that could include central bank digital currencies.
  3. Crypto could enable access to new capital and liquidity pools through traditional investments that have been tokenized, as well as to new asset classes.
  4. Crypto furnishes certain options that are simply not available with fiat currency. For example, programmable money can enable real-time and accurate revenue-sharing while enhancing transparency to facilitate back-office reconciliation.
  5. More companies are finding that important clients and vendors want to engage by using crypto. Consequently, your business may need to be positioned to receive and disburse crypto to assure smooth exchanges with key stakeholders.
  6. Crypto provides a new avenue for enhancing a host of more traditional Treasury activities, such as:
  • Enabling simple, real-time, and secure money transfers
  • Helping strengthen control over the capital of the enterprise
  • Managing the risks and opportunities of engaging in digital investments

Crypto may serve as an effective alternative or balancing asset to cash, which may depreciate over time due to inflation. Crypto is an investable asset, and some, such as bitcoin, have performed exceedingly well over the past five years. There are, of course, clear volatility risks that need to be thoughtfully considered.

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