Many people worry about their financial security on a daily basis. From inflation to identity theft, keeping money in your pocket and ensuring that you are financially equipped for the future can seem like an impossible task. Fortunately, technological innovations and the invention of a new currency called Bitcoin is doing a lot to change that for the average consumer. Even if you believe that your financial outlook is stable, it’s worthwhile to ponder these ways in which Bitcoin can increase that stability and help you create a better future: Keeping Inflation Down, while our currency system has served us well for many years, it is important to note that inflation has become a real problem. As the government continues to print money, much of what you have in your bank account may continue to lose purchasing power. This, in turn, means that your money won’t stretch as far in the near future as it does now. One of the best things about Bitcoin is that it helps protect against inflation because Bitcoins are finite. The system is designed so that only twenty-one million of them will ever be mined, which means that it won’t decline in value over time.
Keeping Information PrivateIn this age of identity theft, you always have to be worried about taking measures to keep your personal information away from those who want to take your money. Bitcoin helps rid consumers of that fear because it allows you to complete transactions without ever having to share your personal information. Unlike using a credit card, you can rest assured that there’s no database of transactions that have your name, address, or card numbers attached to it, reducing the chances that thieves will ever gain access to your money.
Keeping Control In Your HandsBitcoin is unique in that it allows consumers to stay in control of their money at all times. This currency isn’t regulated by any one government, which means that no lawmakers can impose their rules on how, when, and where you spend your money. What you do with your Bitcoins is always up to you alone.
As you move through each stage of life, it becomes increasingly important to know that your future is taken care of. Instead of worrying about your financial security, consider using all that Bitcoin has to offer to help you guard against those things that could lead to future financial ruin.
If you’ve been hearing a lot about Bitcoin in recent years, you may be wondering whether it’s time to start using the digital currency in your business. If you’re looking to grow your company to new heights, Bitcoin could be just what you need to do so. For those who have written off Bitcoin in the past, here are three surprising ways that it can actually help with your business expansion efforts: Expand Your Customer Base Many business owners fail to realize that they lose out on customers when they refuse to accept popular forms of currency. As Bitcoin continues to grow in acceptance, letting people know that your business is open to transacting with this currency may pique the interest of those who prefer to pay with Bitcoin. You may find that those who uninterested in patronizing your business previously may suddenly become interested in spending their Bitcoins with you, increasing your bottom line and your customer base.
Financial TransparencyAre you looking for ways to increase the level of trust you have with your customers or supporters? It’s important for business and non-profit organization leaders to know that there is no better way to do this than to be more transparent with your financial practices. If you’re an organization the relies on donations, using Bitcoin allows those involved with you to see how much money you raise and spend on a regular basis. Furthermore, business owners will be able to verify honesty in their charges and transactions. This, in turn, leads people to trust you more because of your willingness to be open about your financial habits.
No PCI ComplianceIf you want to accept credit cards in your business, you will quickly come to realize what a hassle PCI security compliance can be. While PCI security does help protect you and your customers from identity theft, it’s important to note that using Bitcoin can help relieve you of this responsibility. This is because Bitcoin streamlines the transaction process by requiring no personal information from your customers, which means there’s no concerns about having to keep this information safe and secure.
Bitcoin may be a relatively new currency, but that doesn’t mean that you shouldn’t consider using it in your business. Doing so can not only increase your potential customer base, but it can open you (and your company) up to a whole new world of financial possibilities.