Insights into crypto payments
The start of a New Year has always been dedicated to creating new plans, both for personal growth and new business challenges. We want to make 2023 your best year yet, which is why we have prepared some tips and tricks on how to grow your business.
Every success story begins with an in-depth analysis of one’s previous actions.
Can you pinpoint which areas held your business back in 2022?
Were you trying to increase your revenue, lower your operational costs or expand your customer base?
Did you invest enough in marketing, employee training, and yourself?
Finding your business’s weak points is crucial because it is a true indicator of how you should design your 2023 success plan. Once you complete this analysis you can start brainstorming about your desired goals. Don’t forget to write them down.
The next step is finding all possible ways to achieve your goals… and once you do that - execute every last one of them!
It is estimated that there are over 320 million crypto users worldwide. If higher revenue, lower operational costs and a wider customer base are among your 2023 business goals then you should seriously take time to read about worldwide crypto market outlooks.
Crypto payments are becoming a mainstream payment method that is safe, less expensive, and fully regulated. According to The Paypers, the number one problem incurred by Crypto-shoppers (40.5%) is the unavailability of merchants and brands that accept Crypto.
Another interesting fact, found in the same article, is that there is an increased frequency with which crypto shoppers spend their crypto (83.4% spend crypto at least on a monthly basis, 39% on a weekly basis). Consumers that have spent crypto for shopping at least once but claimed they did so rarely or almost never dropped from 25.4% in 2021 to 16.6% in 2022.
Therefore, be sure to board the train promptly and expand your consumer base because this industry will continue to grow.
The previous two years have seen a major increase in crypto payment adoption as companies across multiple industries took interest and in some cases even invested in blockchain. Here are some of the bigger crypto-accepting players that might pique your interest: Wikipedia, Microsoft, AT&T, Burger King, McDonald’s, KFC, Overstock, Subway, Twitch, Pizza Hut, Dallas Mavericks, Virgin Galactic, Norwegian Air, Namecheap, Amazon (not directly), Benefica, etc.
According to a PWC report, a significant number of countries are researching, defining, consulting, negotiating, and legislating in order to bring digital assets, typically, under the existing financial services frameworks. More regulation means more stability in a volatile crypto market and provides clear guidance to allow companies to innovate in the crypto economy.
We are a team of FinTech experts and developers building the global crypto payment infrastructure one city at a time. Our all-in-one software and point-of-sale solutions allow merchants to accept all types of payment transactions for brick-and-mortar & online stores.
The GoCrypto payment infrastructure can be configured to support multiple payment methods (crypto, card, digital payments, BNPL, etc.) on one device with a full analytical overview of payment transactions and settlements for business and accounting purposes.
Our products can be scaled to every business size or model. We offer standalone POS terminals, POS software integrations, webPOS, and softPOS systems, cash register integrations, eCommerce plugins and custom solutions through APIs, and to top it off also white-labeling services.
GoCrypto’s holistic payment system expands the merchant's customer base, upgrades their customer experience, and makes them stand out from the competition. By accepting all payment methods on one device, our clients will never have to turn a paying customer down.
Crypto payment processing is done by our own GoCrypto gateway. It’s tailored to merchants’ needs as it offers them an option to choose between instant crypto settlements or periodical settlements in their local currency, thus completely avoiding crypto volatility.
Our services are available in 70 countries around the world, ranging from small family-owned shops, bars, and restaurants to larger companies and even entire Bitcoin cities. We are fully regulated in each individual country, putting reliability, transparency, and security first at all times.
For more information on how to grow your business in 2023, visit our website and contact one of our representatives. We’ll take a look at your goal list and find the path to success together.
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