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Bitcoin payments make a lot of sense for SMEs but the risks still remain
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The last six odd months has seen the cryptocurrency market witness an unparalleled amount of financial volatility, so much so that the total capitalization of this fast-maturing space has dropped from $3 trillion to approximately $1 trillion.
This comes after the industry hit all-time highs across the board last November, with Bitcoin (BTC) reaching a price point of $69,000.Despite the previously stated volatility, a recent report shows that small to medium-sized enterprises (SMEs) across nine separate countries, Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, United Arab Emirates and the United States, are extremely open to the idea of accepting cryptocurrency payments — especially Bitcoin.
Read more on cointelegraph.comAbout this in other media
Short Bitcoin ETF Sees Higher Trading Volume Last Week as Longs Liquidated cryptonews.com /1 month ago
The Moscow Exchange is a good base for crypto trading, Russian lawmaker says cointelegraph.com /1 month ago
Pressure on SEC Chair Rises as Even WSJ Accuses Gensler of ‘Holding Investors Hostage’ with Bitcoin ETF Stance cryptonews.com /1 month ago
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