MultiversX Tracker is Live!

HARD PILL TO SWALLOW: If your coins sole purpose is payments, but it’s not a stablecoin - it won’t make it.

All Cryptocurrencies

by COINS NEWS 223 Views

Imagine being a business owner and accepting payments in a coin that reduces in value 10-80% by the time you need to declare your income or pay for things.

If it goes up in value - great. Until you need to sell it for fiat, which is an additional taxable event.

Businesses need stability and predictability, not additional and unnecessary risk.

Sure, crypto is a great medium of exchange. But the only way crypto can be used for payments on a massive scale (like fiat) is if it’s a stablecoin. It’s tax-efficient and more profitable for businesses (earn high yield safely).

submitted by /u/TryingToMakeAMil
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments