• Web3 and fintech company Moon Blocks has partnered with payment processor Bit Pay to allow for cryptocurrency-based payments on its platform.
• The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved, as they were initially designed to serve as payment tools.
• Moon Blocks is embracing decentralization and offering more payment options and flexibility in order to attract and retain clients who prefer to pay in cryptocurrencies.
Moon Blocks & Bit Pay Partnership
Web3 and fintech company Moon Blocks has joined hands with payment processor Bit Pay to allow for cryptocurrency-based payments on its platform. This move is pushing the goals of bitcoin and its digital counterparts closer towards being achieved, as they were initially created to serve as payment tools rather than speculative or hedge-like statuses.
However, due to the volatility that still drags them down, many stores and companies have been reluctant to accept crypto payments due to potential losses from price changes. For example, if someone buys $50 worth of merchandise with bitcoin but the price drops 24 hours later, the store loses money even though the customer keeps everything he or she bought.
Moon Blocks’ Initiatives
Moon Blocks understands this issue and seeks to transform cryptocurrencies into usable tools that everyday people can benefit from. Their CEO Giuseppe stated that their decision was made for several reasons: building trust with potential customers; avoiding high transaction fees associated with traditional methods; positioning themselves as a leader in the industry by offering more payment options; embracing decentralization; potentially offering lower prices through accepting crypto payments.
Benefits Of Cryptocurrency Payments
Accepting cryptocurrency payments offers many advantages for both businesses and consumers alike. For businesses, it allows them to save on transaction fees while also gaining trust from tech-savvy audiences. Furthermore, it can help them position themselves as a leader in their respective industries by offering more flexible payment options which can translate into attracting and retaining customers who prefer paying in cryptocurrencies over fiat currencies or other traditional methods such as credit cards or checks.
In conclusion, Moon Blocks’ partnership with Bit Pay is another step towards achieving the original goals of Bitcoin and other digital currencies – serving as viable payment tools rather than speculative or hedging assets – while also providing benefits such as lower fees, increased trust from tech-savvy audiences, greater flexibility in terms of accepted payments, etc., for both businesses and consumers alike.