Bitcoin has been around since 2009 but it is only recently that it started gaining wide public acceptance and became the talk of the town, especially when its price escalated to over $20,000 in 2017. Since then, it has fallen significantly but still remains one of the most interesting and lucrative investment opportunities out there. This article highlights important reasons to start investing in Bitcoins in 2022 at https://bitqqq.com/ . Let’s get right into it!
Bitcoin Payment Platforms Are More Convenient Than Debit Cards
While traditional payment platforms like credit cards and debit cards are convenient for shoppers, there is a lot of friction involved with these payment options. For example, both require you to have access to a bank account and wait for banks to process payments.
Alternatively, when it comes to investing in Bitcoins, it becomes easy to receive payments directly from customers. There is no middleman. It’s just you, your business, and your customers—making it easy for you to get paid more efficiently than ever before.
Bitcoin Payments Have Zero Transactional Fees
Merchants who use traditional credit card processors have to pay a fee for every transaction that occurs. With Bitcoin, users don’t need to worry about any additional fees beyond those paid to process their transactions. And those are minimal as well—normally around 1%.
Moreover, there is no minimum amount that you need to invest in cryptocurrencies, especially Bitcoins. Plus, with many virtual wallets offering small amounts of Bitcoin at no cost (or low fees), it’s easy for businesses and customers alike to avoid paying any kind of processing fees altogether. By 2022, expect more than 75% of businesses accepting cryptocurrency payments will also be paying zero transaction fees.
Bitcoin Transactions Are Much Faster Than Traditional Payments
Bitcoin transactions are much faster than traditional payments. This is because it takes around ten minutes for a transaction to be confirmed on Bitcoin’s blockchain network. Most other major currencies take hours or even days before they get validated.
While blockchain technology is still in its early stages, it’s growing rapidly and is likely to become even more powerful in future years. Therefore, if you want to invest in digital currency, now might be a good time as transaction times will likely get even faster by 2022.
Cryptocurrencies Are Becoming Easier To Use For Day-To-Day Purchases
Bitcoin was first proposed as a viable form of currency in 2009. And yet, more than 8 years later, buying and using Bitcoin is still cumbersome and difficult to do on a daily basis. Buying large amounts of Bitcoin also remains difficult if you don’t have access to an established exchange (like Coinbase) or if you live in a country that forbids exchanges from operating locally.
However, there are companies like Purse who are working hard to solve these issues through innovative solutions like their Amazon-integrated platform. There’s no doubt that cryptocurrencies will become easier to use for day-to-day purchases once companies like Purse make it possible. I predict they will get easier by 2020—I just hope they don’t succumb to regulations before then!
Governments Cannot Take Away Your Crypto Wealth
The government along with the financial authorities are working day and night to introduce more regulations on cryptocurrency and blockchain technology. Cryptocurrencies will give you the personal financial freedom that no government can take away from you. It’s an investment opportunity, which is difficult for governments to touch or control.
Conclusion
Finally, at the end of the day, investing in cryptocurrencies, especially Bitcoins isn’t for everyone. If you’re just getting started with bitcoin or have been investing in them for years, it’s smart to know why investing in them is valuable. In other words, you need to consider your purpose before trading in cryptocurrencies, especially Bitcoins.
Bitcoin has yet to break into mainstream culture and that makes it an extremely risky investment but over time, things will change dramatically because investors will start to see it as a legitimate currency. While there are risks associated with bitcoin, there are also many great benefits from using them—one of which is lower transaction fees when used correctly.
