Since the collapse of bitcoin in 2018, with the passage of time, the cryptocurrency market has gradually stabilized, more and more institutions begin to accept main-stream cryptocurrencies such as bitcoin, Ethereum, USDT and even Dash as a means of payment for different products.
The reason is that these organizations believe in the era of blockchain, which will be the era when the world currency will be replace by the cryptos in the future.
It is not only enterprises that drive the availability of this service, but also raised awareness of cryptocurrency and its true value. Those who believe in cryptocurrency from day one are the ones who make the most profit, because they foresee the chemical changes that will take place as most industries move towards the era of blockchain.
There are three ways to pay with cryptocurrency:
Many places began to use different methods to allow customers to use cryptocurrency as a means of payment for its products.
Cryptocurrency POS Machine
It allows customers to use any wallet and pay by scanning the QR code. In addition, some e-wallet providers even offer NFC cards linked to encrypted wallets, or separate “wallet cards”, which, unlike traditional credit cards, can be swiped or inserted for payment.
The POS machine mentioned above is an example of the first method. This is a cryptocurrency POS system, we can observe that it allows the use of six very popular cryptocurrencies.
It must be mentioned that many enterprises are only accepting Bitcoin, which is actually wrong. Just because it is the most popular and valuable cryptocurrency, it may not be the most stable or popular among the public.
Customers may prefer to use other types of cryptocurrency, such as USDT, which is more stable and still valued as the most popular cryptocurrency.
There are many cryptocurrencies, some of which are not even of high value. Therefore, it is not necessary to accept them all. However, we need to use the encrypted POS method as effectively as possible to provide customers with a variety of means of payment within the range of available cryptocurrencies.
Looking at this method from another perspective, it can also increase sales, because you provide more means of payment.
As time goes on, cryptocurrency is becoming more and more popular, which may become a norm. Companies that take advantage of this chance from the early stages may gather some additional loyal customers, which may bring more traffic to the business.
Crypto ATM
The second method may seem a bit complicated, but at the same time, it has its own efficiency factor, because it allows cryptocurrency to be converted into real cash.
Since 2018, automatic teller machines (ATMS) for cryptocurrency have appeared more and more frequently. However, most ATMs have the same limitation as the first method, that is, it only accepts few kinds of cryptocurrency, which is actually less than the crypto POS system.
Most of the encrypted ATMs seen in Europe are based on bitcoin, which is still the most valuable cryptocurrency. However, it is believed that with the crypto market growing, the variety of this ATM system will continue to increase, and more of this ATM system will be used in more large supermarkets all over the world.
This brings a huge competitive advantage, not only because you provide customers with more means of payment, which may bring new customers, by giving them more choices of payment methods.
Crypto e-wallet
The third method may be the mainstream direction in the current market. As digital life is getting closer and closer to us, people are gradually moving away from the days when they go out with their wallets — a mobile phone is all we need.
With the continuous expansion of the crypto market, many people begin to own cryptocurrency as assets, or even as money consumption. In daily life, more real businesses begin to accept cryptocurrency. However, the payment method of this new technology also makes many people who don’t know how to start.
There are many applications in the market that can help you convert cryptocurrency directly to fiat currency. Even if you choose cryptocurrency payment, it can help you convert cryptocurrency directly to fiat money and pay to businesses.
These applications will simplify the business collection problems and troubles, and accelerate the development of cryptocurrency payment industry.
Examples of encryption marketing activities
