By now you probably already know that crypto currency is a form of online money. However, there is a major difference between regular currency and crypto currency.
To start off, some form of government usually issues regular currency. Crypto currency on the other hand is usually transferred from one holder to another. The process involves going through an open-source, which help keep all the parties involved honest.
Crypto currency used to only be popular among the traders and investors, but those days are long gone. Just about everyone is getting involved in this online currency and it is proving very fruitful.
So, can a brick and mortar store take advantage of what this online currency has to offer?
Upgrading Your POS System
Any brick and mortar store has what is known as a POS system. POS stands for point of sale and it just basically means the place at which the goods are retailed. For brick and mortar stores this is going to be the cash registers or credit card machines.
However, what you might not know is that modern cash registers and credit card systems can be upgraded to accept crypto currency. This process works extremely similar to that of a credit card transaction. All you have to do is install the software on your system.
When a customer pays with crypto currency, your employee will type in the amount they are paying, and this will generate a QR code. The QR code will have to be scanned by the customer and you will be charged a percentage of each transaction, but you will no longer be missing out on any sales because you don’t accept crypto currency.
Eliminates the Need for Third Parties or Intermediaries
If you check clubcoin predictions, you will see that the cost and investment opportunities of crypto currency are only going to increase as time goes on. This is just one of the many benefits that you can receive from accepting this type of currency.
Another benefit is that you will no longer have to deal with intermediaries like banks and money-transfer systems. You can cut the middleman right out of the equation and go about running your business. You will now be able to operate at free, higher rates of speed and make fewer accounting errors along the way.
Opening Your Business Up For Huge Investment Opportunities
It doesn’t take a financial wizard to see that crypto currency opens the door for many practical investment opportunities. Just imagine if you have invested in the currency back in 2010 when the price of it didn’t exceed a dollar. You would literally have racked up $20,000 dollars or more today. Crypto currency really can increase the value, profile, and holding of any small or large business.
Sure, there are a lot of countries that don’t yet recognize this currency as a means of a financial investment, but that is about to change. In fact, this currency is already gaining huge notoriety in countries like Japan, and Russia. Even some of the major companies like Barclays, IBM, Cisco, Bosch, and BNY have already adapted to utilizing these crypto currency systems.