Should Your Business Accept Bitcoin Cash?

It's 2022. Why crypto is not an question anymore. Today the most troubling question is why XYZ crypto over bitcoin or another.

If you have a business, it helps if you accept the crypto that does have low fees and also it has more adoption. So in such case BCH or bitcoin cash is a good option.

It helps if you choose to accept the bitcoin cash for your business and get paid with a crypto that helps both your consumers and yourself. And the best part, faster payment and low fees.

So in this post, we are going to discuss why you should be accepting the bitcoin cash for your business transactions? And how does that help you in your business long term.

Here are some of the reasons why using the bitcoin cash would help you in the business.

Faster Transactions

Do you wait for like plenty of time to get your ethereum transaction verified? Or like waiting for an hour for Bitcoin to land into your wallet?

In that case accepting those high fee transactions can be painful for you and your business. Not to mention how much painful it would for your consumers who paid you with it.

In this case you can make use of the bitcoin cash for sending the money to your customers and vice versa. Where you may find that transactions come in very fast as well.

You get minimum 1 or 2 confirmations which can be easily checked in the bitcoin.com like wallet and you can easily see how the client paid you once the confirmations kick in.

Faster is always better. That is why bitcoin cash is a good option to choose for those type of the business transactions.

Lower Fees

There are graphene based blockchains like steem and hive which have the lowest to zero fees however the adoption of those coins is very low in the consumer market.

In this case the bitcoin cash has a lot of advantages. Lot of people and the business in the saint kitts has been accepting the BCH for the business and also they are making use of the BCH for everyday expenses as well.

Having lower fees is a necessity these days unless you are ethereum and people adjust with that because ethereum has made the layer 2 solution magic which makes it worth it.

So make sure you have a lower fees and also you have means for the blockchain to have lower network load. All of this is checked with the bitcoin cash.

In case if you are unsure with bitcoin cash, it's better if you start accepting and finding out the magic of it as you start with the business transactions being done with BCH.

Consumer Adoption

You could accept doge but what if it's not something being accepted at your local business? In that case having the more adoption in the market is what is required these days.

Bitcoin cash has been in the journey of many small and big business lately. A lot of hosting companies have started accepting the bitcoin cash.

Places like St.kitts and the various islands around the world has also started accepting the bitcoin cash. As that sort of approach has helped with the international payments too.

Think of BCH as slowly growing to become the coin for everyday expenses. And that means the consumer adoption is going to touch even more places in the sun. So you have lot of interesting things to experience now.

What do you think?

I think more business start to accept the bitcoin cash would help with the coin adoption as well as it would be good for the business too.

I always advocate the local business and the business that are online with the social shops on whatsapp and telegram to accept the bitcoin cash. Why don't you get your own business online too?

What do you think? Do you think it's a good thing to accept BCH?

I'd appreciate your comments :)