Wednesday, April 30, 2014

Why should you accept crypto currencies and which one is the best? Fresh tips for merchants and businesses!

First of all, let's compare the transaction sent from USA to China:

1 USD
1000 USD
1 Billion USD
The fees go to:
Post / check
94 cents
94 cents
94 cents
Post
Bank Transfer
10 cents
5-100 USD
1 million USD
Bank
Credit Card
34 cents
40 USD
(merchant pays)
40 million USD (merchant pays)
Credit card company
PayPal
33 cents
5 USD
5 million USD
PayPal owner
Bitcoin crypto currency
5 cents
5 cents
5 cents
Bitcoin miners with strong computers
Nxt crypto currency
2 cents
2 cents
2 cents
All Nxt users*

Additional annual monthly fees: most of the Banks and Credit cards, 30 USD/month for using Bitpay payment system/gateway (Bitcoin-USD).
*All Nxt users with stake at least 500 USD, using Nxt clients (the power of computer is irrelevant)

Now let’s compare the speed of transaction:

1 USD
1000 USD
1 Billion USD
Post / check
1-6 weeks
Bank Transfer
3-14 days
Credit Card
1 minute
PayPal
minutes/days
Bitcoin crypto currency
10 minutes - days (up to transaction fee)
Nxt crypto currency
1 minute

Actual cost of one transaction:
Actual cost of the transaction:
Bitcoin crypto currency
30 USD
Nxt crypto currency
1 cent

Here are only Bitcoin and Nxt crypto currencies, because all others: Litecoin, Dogecoin or Blackcoin are only the clones based on the Bitcoin’s source code. While Nxt is a brand new, written from the scratch, faster and cheaper than Bitcoin.

As you can see, accepting any cryptos is much faster and cheaper than accepting fiat money. And the best solution is probably using Nxt. The brand new currency Nxt is not dependent on slow development of the Bitcoin developers - look how fast is adding new features: nxtforum.org/general

The aim of crypto currencies shouldn’t be to replace fiat currencies, but to expand possibilities in the web payments. Since the internet doesn’t support any simple payments from EU->US->CNY and so on. It is way easier and faster to use crypto currencies in these cases. Also if you want to visit Argentina, you need to use fiat exchanges 2-3x and always pay high fees. In crypto world there are no country borderlines!


Nxt: the fastest crypto with most of the features

List of Nxt features:

  • Running: 1-minute payment system, Alias system, Arbitrary Messages, Asset Exchange, Leased Forging, Nxt Multipool
  • Will be released in summer 2014: Multigateway, Nxt Mixer, Nxt Torrent, Instant transactions, Account control/Phasing (= cold storage, escrow), Digital Goods Store
  • Will be released later: Automated transactions, Cross Chain Transactions, Judgement (Reputation) System, Monetary System, Service Providers, IPO Businesses, Transparent Forging, Time Warp, Two Factor Authentication

In cryptos you trust in math

Many of us don't understand how cryptos actually work. But do you know how everything about Visa or PayPal? In fiat money, you need to trust to your government. In cryptos, you can trust in math.

Do you think using cryptos is not safe? Let me show you, want can never happen in crypto world:
·         Savers with over 100,000 euros deposited in the Bank of Cyprus lost up to 60 per cent of their deposited money.
·         The peak month of hyperinflation in Zimbabwe occurred in 2008 with a rate estimated at 79,600,000,000% per month. Zimbabwe Dollars were ranging from 10 to 100 trillion within a one year period.
·         The bankruptcy of the Icelandic banks lead to enormous increasing of Iceland's external debt.
·         The inflation in Argentina was over 20% during 2008

You can't do this with cryptos, they are not centrally manipulated by country leaders or finance bosses! Welcome to the free market! So actually using cryptos is safer than depending on currencies centrally lead and manipulated by the governments.

Risks? None!

Are you afraid of price volatility? No problem in most of the crypto payment services! All trades can be converted to USD instantly, if you want, so you don’t have to care, what the current price of Nxt or Bitcoin is! So if a car costs one day 10 Bitcoins and the other day 11 Bitcoins, merchant always gets the same money – 5.000 USD. There are no fees if you use Bitpay (but you must pay 30 USD/month) or you can use Coinbase and pay 1% fees for converting into local currencies.

Great features: Nxt - more than just a currency

Remember, how credit cards or pay pal can be used only for transferring the money?  Crypto currencies 2.0 like Nxt allow you send messages and use aliases. Don't be just a number! In near future you will use one program for all communication and transactions with the customer. It will be easier to contact your former customers and offer them special deals or discounts…

Do you manage charity, crowd funding or startups?

Cryptos have been extremely successful in the non-profit industry. It got huge media attention, when crypto donations helped to Wikipedia, Wikileaks or Olympic team.

How to accept Nxt cryptocurrency?
You can use payment gateway for cryptocurrencies - https://www.coinpayments.net or use instructions: http://wiki.nxtcrypto.org/wiki/Automate_Nxt_for_your_website

Become a leader by accepting crypto currencies

When did your businesses add Facebook or Twitter? Crypto currencies are now like in early years of Facebook. Not many users, not many games. But you probably know Zynga's Farmville. Why are 200 million unique monthly active users playing FarmVille? Because Zynga was the first. If you use a crypto momentum and become a first business accepting cryptos, you can be like Zynga. Ahead of your competition. Like Overstock. 

How would benefit your business if it had IPO on Nxt asset exchange?

Let’s compare the costs one more time:

The costs of IPO
The length of the process
WebFillings
$400,000
Weeks/Months
Grant Thornton
$750,000
Weeks/Months
Audit fees
$186,201
Weeks/Months
Board of directors fees
$431,000
Weeks
Fees for NYSE or NASDAQ
$35,000 - $500,000
-
Nxt asset exchange
$100 (= 1000 NXT)
10 minutes

And remember: anyone in the world can invest in your company, without using a bank account, within seconds, without fees and even with 1 dollar!



Nxt is like a Ferrari in the world of crypto currencies – faster (than Ford), with more features (than Ford), but also cheaper and with less consumption (than Ford/Bitcoin!). Drive a Ferrari, use Nxt!

8 comments:

  1. Bitcoin is a form of digital currency created through a special process known as mining. The mining process involves difficult mathematical algorithms that make the currency scarce. Read more
    Bitcoin to bank transfer || Bitcoin|| Bitcoin to Bank wire

    ReplyDelete
  2. every man woman or child will be faced with the issue of bitcoin merchants. Remarkably bitcoin merchants is heralded by shopkeepers and investment bankers alike, leading many to state that it is yet to receive proper recognition for laying the foundations of democracy. The juxtapositioning of bitcoin merchants with fundamental economic, social and political strategic conflict draws criticism from global commercial enterprises, many of whom blame the influence of television. In the light of this I will break down the issues in order to give each of them the thought that they fully deserve

    ReplyDelete
  3. This blog is really remarkable. Thanks for sharing this great stuff. Keep sharing more useful and conspicuous stuff like this. Thank you so much.

    Currency providers

    ReplyDelete
  4. Thanks for sharing such a useful tips with us. We also help to bitcoin payment gateway. For more info contact us at: info@cryptextechnologies.com

    ReplyDelete
  5. If you're searching for the best Bitcoin exchange company, then you should choose YoBit.

    ReplyDelete
  6. On Moon Bitcoin you may recieve FREE satoshis. 290 satoshis every 50 mins.

    ReplyDelete
  7. Ever wanted to get free YouTube Subscribers?
    Did you know that you can get them ON AUTOPILOT AND ABSOLUTELY FREE by getting an account on Like 4 Like?

    ReplyDelete
  8. YoBit lets you to claim FREE CRYPTO-COINS from over 100 distinct crypto-currencies, you complete a captcha once and claim as much as coins you want from the available offers.

    After you make about 20-30 claims, you complete the captcha and keep claiming.

    You can press CLAIM as much as 30 times per one captcha.

    The coins will held in your account, and you can exchange them to Bitcoins or Dollars.

    ReplyDelete