Las Vegas Businesses Welcome Bitcoin-For-Payments to Dodge Credit Card Fees:-🔥🔥💥💥
Averaging 2.5-3.5% The businesses in Las Vegas are adopting Bitcoin payments to avoid the fees for credit card transactions that average 2.5-3.5%. This is after the move by Square that has allowed 4 million merchants in the U.S. to accept Bitcoin for payments with no processing fees up until 2026.
Advantages of Bitcoin Payments: Low transaction fees-Transactions performed in Bitcoin have lesser fees compared to credit card transactions, so this can be a less expensive way to do business.
Growing Customer Base: Enterprises can grasp an extending customer base which is creating demand for crypto-friendly merchants.
- Payment processing is quite easy. Just with the taps on the phone, it can be availed of, and, hence, this mode of transaction has been found very convenient both for the businesspersons and customers. Examples of Businesses That Use Bitcoin- Cane Juice Bar and Cafe: This juice bar has noticed an increase in customers coming because of the search for places that use Bitcoin. - Steak 'n Shake: The restaurant chain announced it would pay hourly employees a Bitcoin bonus after it also saw same-store sales significantly rise since the adoption of Bitcoin payments.
Growing Adoption- Increased Adoption: In the year just ended, the overall number of US-based enterprises accepting the cryptocurrency for payment increased by an impressive 53%, with more than 11,000 joining the ranks.
- Partnerships and Collaborations: Crypto payments firm Mercuryo has partnered with Visa to facilitate the near-real-time conversion of digital assets to fiat currency.
