Great Reasons Why Businesses Should Use Cryptocurrency 

If you are wondering whether you’re small business should be using cryptocurrency, consider the following stats from Deloitte.  A recent paper reported that over 2300 American businesses were accepting bitcoin as of late 2020.

The use of cryptocurrencies for conducting different types of business presents both challenges and opportunities. Here are just some of the reasons why your small business should consider using it according to Deloitte.

• More and more businesses are finding that important clients, as well as vendors, want to do business using cryptocurrencies.
• Getting involved with this evolving product can help your employees be more aware of it. It could position your enterprise in a good space for what could be central bank digital currencies in the future.
• Introducing these digital currencies now can position your company in front of new customers and new demographic groups. A recent study showed that up to 40% of the people who pay with crypto are new to the company.

These are just a few of the reasons that you should consider these if you are looking for sharia-compliant mortgage products that will keep you free from riba. A new system involves two cryptocurrency tokens that work together to facilitate our Ijara rent to own model.

Cryptocurrency: A Safe and Effective Way to Make A Real Estate Purchase

The Ijara Community Development Corp has formulated a method where the rent payments you make to a trust use DECOM  for eligibility.  It’s a safe and effective way to purchase real estate digitally while staying sharia-compliant. This system has both the residential and commercial aspects.

Here are a few more reasons for businesses to consider using cryptocurrencies.

Transaction Fees Are Low   

As a business owner, you’ll be able to keep more of your profit since cryptocurrencies have low or sometimes no transaction fees. These lower processing fees can also help you to exchange these digital currencies faster. Each one is connected to a different blockchain. If you do business with this same crypto, there might not even be any of these to pay.   

There’s a Lower Risk of Fraud With Cryptocurrency

Transactions with this new innovation are almost always irreversible. That means there’s no chance of any chargebacks and a lower risk of fraud. No one can cancel a payment either. They can’t make a purchase and then ask for their money back. Both of those scenarios mean there’s less chance of any fraudulent behavior.

Smaller Risks With Several Options

One of the biggest advantages to accepting crypto as part of your business payments is the fact there’s a smaller risk. If you are thinking about taking this route as a business, there are several options you need to think about.

Converting to Money or Coins

For example, enabling cryptocurrency payments is easy. Simply convert the crypto to paper money or coins. If you are interested in learning more, contact Ethical Ijara today. We will be happy to discuss your residential or commercial options.