#Binance continued Conclusion Despite the doubts of many about digital currencies and the long road ahead of them until they gain full trust from all companies and reach mass adoption, we cannot deny that digital currencies have been able to prove their importance and benefits to business through the companies that rushed to adopt them to move those companies to the forefront and test them. A competitive advantage over its peers. The absence of intermediation and the contribution of these currencies in preventing fraud, reducing transaction costs, and opening borders to international trade are the most important benefits that we have discussed in this article, and they must be sufficient to convince you of the necessity and benefits of cryptocurrency for business. So what do you think now about cryptocurrencies and are you thinking about adopting them within your business?
#Binance continued Fifth: Preventing fraud Cryptocurrency's contribution to preventing fraud
Online businesses face many problems with their reliance on credit cards to complete payment operations, especially with the problem of chargeback fraud, which occurs when fraudsters cancel or reverse payment for a product after they have obtained and used the product. This has caused a lot of harm to businesses, which Potentially resulting in significant losses to the company in the long run, it must be noted that this type of fraud can only work in transactions involving fiat currencies and credit cards.
So, what about cryptocurrencies?
This is another way cryptocurrency can help businesses maximize their profits and it is a huge benefit. Cryptocurrencies make a company immune to this type of fraud because they are immutable, and it is impossible to reverse all payments already recorded on the blockchain, so once... The customer pays, the payment will be permanent, and if he wants to recover the money, he must communicate directly with those responsible for the business activity.
#Binance continued Fourth: Expansion of business globally. Expanding business globally
One of the most important features that digitization has brought to our era is eliminating borders and expanding the horizons of various companies by opening borders for them to communicate with customers from different parts of the world, as well as completing complete sales and payment operations electronically. However, for years this matter has faced various challenges, including the high cost involved. It has to process payments from international clients, but that's over with the rise of the cryptocurrency star. With cryptocurrencies, all transactions - local and international - are the same and easy to implement. These currencies have overcome all restrictions and barriers to global trade and facilitated payment operations. Today, it does not matter whether the transaction is inside or outside the country, as this transaction will be completed with the same speed.
Another aspect that payments faced when processing them globally while companies were dealing with traditional currencies was that companies were seeking alternative solutions to compensate for international processing costs by exaggerating the pricing of the product or giving up a large portion of their profits. This matter was also ended by cryptocurrencies, which have the same Value is everywhere, and the advantage of not having intermediaries makes transactions less expensive and faster, not only helps the company increase its revenues, but it also helps
#Binance continued Third: Ensuring customer privacy Digital currency protects customer privacy
When a customer pays any institution or company through any payment method available online, it is easy to track this person and find out his correct information, but the matter is different if the company uses encrypted currencies, as one of the main characteristics of encrypted currencies is ensuring the privacy of users and their ability to keep their identities anonymous. Customers do not have to reveal their identities or request any additional details when paying using cryptocurrencies, and thus it is impossible to track the customer’s purchase.
Several reports of serious data breaches targeting individuals and businesses, leaving them vulnerable to financial losses and identity theft, have emerged every year. Because cryptocurrencies maintain customer confidentiality and enhance customer security, adopting them in your business will make your company more attractive to individuals who fear or do not want privacy violations. By providing more information about themselves, cryptocurrencies will allow buyers to control the amount and type of information they provide to companies.
#Binance continued Second: Reducing transaction costs Cryptocurrencies reduce transaction costs The absence of mediation by financial institutions in the financial transactions that your customers will undergo will certainly reduce the cost of the transaction, and this positive point we must add to the cryptocurrency balance, as it will allow you to communicate directly with your customer in addition to various benefits and advantages imposed by the smooth and convenient nature of the transactions. Cryptocurrency and the great positive benefits it brings to your business include:
Easily modify the prices of your products and services Compete better in the market Boost sales Open new markets for you Better customer service Enhance your reputation in the market
#Binance continued First: A decentralized network for the flow of financial transactions Digital currencies: 5 great benefits that digital currencies offer to businesses, Renad Al Majd Information Technology Group, RMG
Many companies took the initiative years ago to adopt cryptocurrencies in their business, so that the company’s financial transactions began to take place entirely over the Internet, which freed companies from the intermediation of financial institutions. Cryptocurrencies allowed companies to have complete control over funds and transactions. You might be thinking that credit cards serve this same purpose, so what's the difference?
Suppose that you use credit cards within your business and you encounter problems in processing the credit card, then you must wait for the financial institution to sanction the transaction and fix the defect, but the matter will be different if you deal with cryptocurrencies, which will give you complete control over funds and transactions without the presence of a central authority. Thus, your customers will be able to pay for your product or service more easily without going through credit approvals.
Since the emergence of digital currencies, we have seen many investors and traders shift from relying on fiat currencies to cryptocurrencies, which have proven to be a largely stable alternative investment. The use of cryptocurrencies was not limited to individuals, as various companies certainly caught up with this technology by incorporating this technology and adopting digital currencies in their business.
Benefits of digital currencies for business The benefits of digital currencies (cryptocurrencies) are still unclear to some entrepreneurs who are surrounded by fears or lack of confidence in adopting them, despite the tremendous development that these currencies have witnessed over the years, and the move of many companies to adopt them in their businesses, so we will now move on to explain some of the ways in which Cryptocurrency will benefit your business.
5 great benefits that digital currencies offer to businesses

It is not strange that you are one of the people who have great doubts about the effectiveness of digital currencies and your unwillingness to invest in something that does not actually exist, or even your lack of confidence in them! This article will change your perspective on cryptocurrencies after you learn about the benefits they will bring to your business and how to benefit from them safely to move your business to the forefront and excellence, so follow us until the end.
Article contents
How was the beginning?
The story began in 2008, when Satoshi Nakamato (unknown to date) wrote an article describing a protocol for transferring digital cash called Bitcoin (the first cryptocurrency) that uses blockchain technology. To learn more about blockchain technology see here.
The use of Bitcoin began in 2009 when its application was released as open source software, and thousands of other cryptocurrencies were later created, which became a major force in the world of finance and the banking sector. Cryptocurrencies continued to develop and grow until their true strength appeared at the height of the epidemic in 2020 when The pandemic hit the financial sector like any other sector of the economy. Not only did the sector remain stable during the pandemic period, but it also witnessed significant, unprecedented growth.
Major manipulation yesterday by market makers, specifically platform owners, two four-hour candles, rising to approximately 72,000, then falling to approximately 68,000. A very large code occurred yesterday for the long and short contracts and the beneficiary who owns the platforms. Yes, there are other whales that participated, but I am talking about the vast majority. Of course, the path did not change and we returned to 69,000, and this is very important for us to close the week above this area But what amazes me is that some people, in times of panic, sell at a loss as if I had not spoken day and night about this matter. My brothers, how do you sell at a loss when you are a spot trader? How do you sell at a loss? What happened was nothing but a mistake. There was no world war. No major disaster in the world happened. It was just a correction We talked a few days ago that failure to penetrate would lead to a correction. Secondly, when you see the greed index rising, know that a correction is coming However, many of our currencies achieved goals, and we said after each goal, be loyal to yourself and do not covet distant goals as long as you cannot bear the fluctuations.
In general, God willing, this week we may return to above $70,000 The most important event for us is the Federal Reserve meeting on Wednesday I see the installation closer Lowering interest rates will have a positive impact on markets
$BTC Thailand now approves its first Bitcoin investment fund Then news about Argentina and other countries soon adopting Bitcoin as an official currency Then come the US elections and Trump wins And interest rate cuts from the Federal Reserve And buy powers from BlackRock and its sisters
What remains after the above for us to have a strong bull run in the last quarter of this year?