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I don't accept crypto as a form of payment in my business, because at this point I believe it's more trouble then it's worth

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by COINS NEWS 54 Views

I believe that this is unpopular opinion on this sub but it is mine opinion and I will state my reasons for it. I know that most of you will understand me as most of the people on this sub are usually expereinced enough to know what am I trying to say (especially if you are a business owner).

First of all, it may sound cool and trendy to accept crypto but at this time and period I don't see a good reason to do it.

- Crypto is too volatile for a stable business at this point

As a business owner I need to plan way ahead in order to keep money income and to have enough money to earn for myself, pay business expenses and to pay my workers salaries, bonuses etc. At this point crypto is too volatile for that. I may accept stablecoins, even that is risky, and you see all the frauds that are happening, but what is the point of a centralized crypto again?

There is also a high chance that I can lose money by crypto price going down, and you all tasted that and you know that it can happen in a matter of minutes..

- I may have to convert crypto to a traditional currencies anyway and pay extra fees for that

Including extra taxes, and we all know how complicated doing taxes is in some countries.

- Complexity with customers and the state

Lets say that after all I accept crypto in my business. It can be way too complicated for some people to use it, even if I think that people who want to use it will be familiar with it, there can always be downtime and we saw cryptos from top10 being down for some time. Also since there is a lack of a regulation I would have to work extra hours to do it all legally in the eyes of the state and you can just imagine how big of a hassle is that...

PLEASE DON'T GET ME WRONG

- I am a fan and a supporter of a crypto adoption, and I used crypto as a form of payment before and it was fun, I just think that at this point there is mroe trouble using it then what its worht.

I believe that in the future with more adoption and added simplicity we would all be able to enjoy fully crypto potentional.

submitted by /u/UnexperiencedIT
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