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Digital currency company My Crypto Merchant has announced the launch of new software designed to help both small and medium-sized businesses integrate crypto payments into their networks. The goal is to help these enterprises accept digital currency payments for goods and services from their clients.<\/p>\n
The move is pushing the goals of\u00a0bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools. They were built to push checks, credit cards, and fiat currencies to the side, but this has been a relatively slow journey given the volatility that continues to drag them down.<\/p>\n
It is extremely hard to understand when bitcoin\u00a0and its crypto family will go up or down when it comes to their prices. Many stores and companies have been reluctant to say \u201cyes\u201d when it comes to accepting crypto payments for this reason, and to a degree, we can\u2019t blame them.<\/p>\n
Consider the following scenario: someone walks into a store and buys $50 worth of merchandise with bitcoin. For one reason or another, the store doesn\u2019t trade the BTC into fiat right away and about 24 hours go by. From there, the price of BTC goes down and that $50 becomes $40. The customer gets to keep everything he or she bought, but the store loses money in the end. Is this a fair situation? Not everyone thinks so.<\/p>\n
That\u2019s what makes enterprises like My Crypto Merchant so important. They understand the initial purposes of bitcoin and digital currencies and are trying to transform them into usable tools that everyday people can benefit from.<\/p>\n
Bryant Harper \u2013 co-founder of My Crypto Merchant \u2013 expressed his enthusiasm in an interview and commented:<\/p>\n
\nWe are excited to launch our innovative crypto services which will be a game-changer for small businesses, enabling them to accept digital payments securely and compliantly. Our user-friendly platform will help businesses seamlessly process crypto transactions, while our focus on financial inclusion will benefit SMEs across the retail industries. Our mission is to enable every business, merchant, gig worker, vendor, and contractor to receive payment in the cryptocurrency of their choice directly from their customer with no middleman, no fees, and no limits.<\/p>\n<\/blockquote>\n
No Fees for Merchants!<\/h2>\n
The company is built to provide direct customer-to-merchant payments with zero (you read that right) fees for the merchant. Transaction volumes are also designed to be unlimited, meaning there can be no halting in how many crypto payments a company can accept or initiate.<\/p>\n
My Crypto Merchant also believes that digital currency payments can limit financial fraud and money laundering.<\/p>\n