Bitcoin Marketing
A thriving Bitcoin Marketing often results from business models that embrace payment to expand their areas of business. Numerous businesses have experienced excellent results in the use of Bitcoin that further boosts the economy by providing additional services to the cryptocurrency. The low cost of fees and inability to reverse transactions is an essential benefit for businesses when traditional methods of payment (like a credit card) can leave companies with a loss.
Here are a few businesses that have experienced excellent success taking Bitcoin as a method of payment.
Bees Brothers
Bees Brothers was a business created by three brothers who were learning about bees by cultivating honey. In time they accumulated much more love than they had how to use it and began to sell the honey locally. This led to them accepting Bitcoin as a payment method for online purchases because it is free of fees and is a secure way to accept payment (with the absence of chargebacks). Their business took off from there.
It’s possible to say that Bitcoin is the reason that made their business as profitable as it has become today and also has helped to strengthen Bitcoin by allowing the currency. This is a win-win situation for all.
Expedia
Expedia is a top site for booking travel. And they recently began accepting Bitcoin as a method of payment. They boast 290,000 booking properties. So far, the airline tickets, as well as car rentals, aren’t possible to pay for using Bitcoin; however, they’ve said they’re working on the issue.
It’s unclear how much the popularity of Bitcoin has had an impact on Expedia. However, they have stated that they had come to their own estimations of what they can be expecting. Expedia also said that they’ve achieved and exceeded the estimates, which has resulted in positive outcomes for the company (and Bitcoin).
Dell
Dell is a vital computer manufacturer which most people ought to already know about. Its advocacy of Bitcoin was a sign it would eventually become a mainstream phenomenon or, at the very least, gain more attention from those who might otherwise be uncomfortable with the idea of cryptocurrency.
It’s not easy to determine how their acceptance of Bitcoin will impact their business, but it’s essential to be aware of how their customers typically include computer specialists as well as other professionals. Also, it’s impossible to miss the point of taking on Bitcoin as a tech business.
There are no details that have been made public about the effects that the decision to accept Bitcoin has affected Dell; however, it’s reasonable to believe that it is likely to help even if sales for the company don’t rise, each sale made via Bitcoin results in less money being lost to fees and fraud.
Why Bitcoin is a Good Option for businesses
When it boils down to it, Bitcoin has the same advantages for all businesses who accept Bitcoin. They provide secure transactions (that aren’t able to be reversed or found as fraudulent) and low costs (the acceptor is not charged any fees at their expense), and fast transactions (there is no need to wait for weeks or days to receive the funds).
These factors help improve the efficiency of businesses, boost profits and protect the industry in general. Additionally, the funds received remain with the companies themselves, instead of waiting for third parties to release (or to not release) the funds.
As more businesses are embracing Bitcoin and Bitcoin, will other companies join the Bitcoin bandwagon too? This is beneficial to the whole community through the increase in users and suppliers who are making use of the cryptocurrency that in turn provides more significant opportunities and more liquidity.
For a large number of companies that are in the market, the results of Bitcoin acceptance haven’t been observed. As the demand for Bitcoin expands, it will be a change in the future, and beautiful things will take place.
Discussion about this post