Is It Safe to Invest Money in Cryptocurrency?

best cryptocurrency to invest in 2021

With the continuous increase in the price and popularity of Bitcoin, many big-name organizations and individuals have chosen to buy Bitcoin as a store of value. Many companies, large and small, have also introduced Bitcoin payments for their products as an alternative to fiat money.

If you’re running a business, have you ever wondered about applying crypto into your business operation? If yes, this post is for you. This article will detail what cryptocurrency is, and the benefits of a business account for crypto (or CBA). Without further ado, let’s dive in.

What Are Cryptocurrencies?

In general, a cryptocurrency is a digital currency that is not regulated by a government agency, issued by software developers who are often in control of the system, and used and accepted for payment between members of a given virtual community. (As defined by the European Central Bank).

Thus, it can be understood that bitcoin is a currency that is only recognized and transacted in a community or organization. These communities themselves create bitcoins to circulate to exchange, buy, and selling goods and services.

In addition to bitcoin, many other virtual currencies exist around the world.

In 2021, the price of a single bitcoin, the leading cryptocurrency, broke $60,000. And the market value of all cryptocurrencies reached a staggering $2.5trn. 

The cryptocurrency bull run has continued, and the momentum behind the movement appears to be gaining mainstream steam. Many big firms have begun to integrate cryptocurrency payments into their systems and significant and added cryptocurrency to their holdings. 

Also Read  How to Check your Bank of Baroda (BOB) Balance?

What Is CBA?

Institutions covering cryptocurrencies demonstrate that the interest in the murky regions of the Internet is no longer restrained. Bitcoin is mainstream, and although some early adopters may be disappointed, it is a required step toward broad adoption. Trust it or not, if businesses like Goldman and BlackRock purchase it, it’s excellent for the long-term prospects for Bitcoin and Ethereum.

If you are a company owner, it is worth considering paying in bitcoin as use expands. If nothing else, at least a crypt brokerage account should be established to allow you both to purchase and sell digital money and take a more leisurely road when the time arrives. 

Every company is different, and some owners would never be happy to take such a volatile asset as payment. But if your firm is fascinated by bitcoin, here are a few brokers and exchanges that will help you get started.

Bitcoin’s promise to create a new decentralized financial system beyond the control of governments and banks has captured the world’s imagination. It’s become a bit of a social phenomenon.

With the continuous increase in the price and popularity of Bitcoin, many big-name organizations and individuals have chosen to buy Bitcoin as a store of value. Many companies, large and small, have also introduced Bitcoin payments for their products as an alternative to fiat money.

What Can Crypto Do For Your Company?

To illustrate why your business should consider crypto, here are some reasons:

Also Read  MX Token's Impact on Cryptocurrency Trading and Beyond

Access to new demographic groups can be provided through Crypto. Often users represent a more advanced customer who values openness in their dealings. Recent research has shown that up to 40 percent of crypt payers are new customers and are two times as many as credit card users purchased.

Presenting crypto today can contribute to your company’s internal knowledge of this emerging technology. It may also help the firm position itself in this important developing environment, which can include digital currencies from central banks. 

Crypto may enable the use of existing investing and new asset classes to access new capital and liquidity pools.

Crypto offers special alternatives with fiat cash that are just not available. Programmable money, for example, can provide real time and precise revenue sharing while improving transparency in order to simplify the reconciliation of the back office.

More enterprises find that key customers and suppliers want to use cryptography. As a result, your company may require the reception and distribution of cryptographs to ensure seamless transactions with important actors.

Crypto offers a new way of improving a number of classic treasury operations, including:

  • Enables easy, secure money transactions in real time.
  • To help improve control of the company’s capital
  • Managing digital investment risks and opportunities

Crypto may be an effective alternative or balance-of-cash asset that can devalue over time as a result of inflation. Crypto is an investment asset and, in the past five years, some of it, such as bitcoin, has been quite successful. Obviously, volatility concerns are evident and need to be handled carefully.

Also Read  Get to Know All Different Types of Cryptocurrency

Some Businesses That Have Used CBA


PayPal users can now buy, sell, or hold a select number of cryptocurrencies following an announcement last October, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Additionally, you will be able to track cryptocurrencies through the PayPal app. The drawback is that it is not possible to transfer funds out of the company’s digital wallet.


As one of the largest software companies globally, Microsoft must accept payments in Bitcoin. Converted to credits when deposited into user accounts, Bitcoin can be used to pay for a range of Microsoft services, including Xbox Live and Skype.

The company’s interest in crypto technology doesn’t stop there. Using blockchain, Microsoft also launched ION, a two-factor authentication platform on the Bitcoin network, in late March. Instead of payments, the technology generates digital IDs to authenticate online identities. 


In recent weeks, electric car maker Tesla has become one of the latest companies to announce it will accept Bitcoin payments for vehicle purchases in the US. In February, the decision came after Tesla boss Elon Musk revealed a $1.5 billion investment in Bitcoin.


In turn, tech giant Apple has announced that users can spend Bitcoin through Apple Pay. According to the company, BitPay cards can now be added to Apple Wallets.


A growing number of companies in various industries – from big tech to airlines – are accepting cryptocurrencies, allowing customers to use them as an official payment method for their goods and services.

error: Content is protected !!