In spite of initial skepticism, cryptocurrency (particularly Bitcoin) is nowhere near to disappearing.
These types of currency are usually seen as an investment, one that is expected to be worth millions over time, according to experts.
However, each month, more online stores are joining the cryptocurrency market, accepting this form of payment on their websites to make it easier for users to get their items.
Just by doing a simple Google search, you’ll find several bitcoin-friendly businesses, so it’s safe to say that there is a place for cryptocurrency in the world of online retailers.
When it comes to fashion and clothing, some big names have refused to take cryptocurrency (so far) and, therefore, missed an opportunity.
On the other hand, other stores enjoy the many advantages of cryptocurrency, such as:
1) After finishing a sale, the transaction is done. Unlike credit cards, with cryptocurrency, there’s no way that the charge will come back later.
2) Every transaction with cryptocurrency equals lower fees than those with credit and debit cards.
3) Cryptocurrency doesn’t require businesses to have any personal information from clients. This way, there’s also a lower risk of fraud.
4) Cryptocurrency is global and, therefore, there’s no extra fee for foreign transactions.
5) With cryptocurrency, business owners get access to the money right away, instead of waiting a couple of days (or weeks!) to receive it.
When it comes to users, cryptocurrency offers the possibility to remain anonymous, similar to transactions with cash, protecting their identity since there’s no way you can be tracked, unless you choose it.
There’s also no banks or other intermediaries, just you and the store get involved in the purchase, making it a direct process with no taxes.
You could also use cryptocurrency from any corner of the world, using your favourite electronic device, and those are just a few of the many virtues of this kind of currency.
Here at Frank and Beans, we accept your cryptocurrency, including Bitcoin, Etherium, Bitcoin Cash, Ripple or Litecoin.
To make it even better for you, we give you a 10% discount on any payment you complete with cryptocurrency, so you can start shopping right away!
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