Bitcoin has grown to become one of the selling points for online businesses. It’s important to see why the digital currency has ranked to where they have thus far, and why or how it has affected the industry. It’s important to know that the cryptocurrency has effected the online industry in a totally different way than it has for retail businesses.
For starters, Bitcoin is one of the higher-end currency that is traded against other real currencies, and the price fluctuates. Of course, this could be a huge downfall for holders, especially if you purchase bigger amounts at one time, but with gamers, since they transfer almost instantly, and transfer bigger amounts, it is the preferred choice for a few apparent reasons.
The fees well, Bitcoin only charges its merchants 1%. If you compare this to other processors such as PayPal they charge 5% of each transaction plus additional fees. One of the biggest acceptance factors is for the anonymity of the currency. The anonymity attracted many for this particular feature. With just about every processing option in the industry today players are exposed to having their personal and banking information put out there in third party hands, not with Bitcoin. You can purchase and transfer with no information being attached to the transfer. Bottom line is
Bitcoin gives the assurance needed for security and anonymous transactions.
Finally, the legitimacy of the digital currency is one of the most important aspects. The currency wasn’t always accepted. As a matter of fact, it went through quite a few threatening positions with government officials questioning if it were legal tender or not. Bitcoin still remains and will stay legitimate even with speculators pushing the price up and down.