Hi Guys,
I would like to introduce what Tender is currently working on internally.
Tender Merchant enables Business owners to accept digital currencies via a Point of Sales Terminal or by invoicing.
A merchant using Tender will be able to accept a wide range of crypto coin/tokens across multiple blockchains and can either hold them as they are or auto converts them to a stable USD or local Fiat.
The growing trend of cryptocurrencies has led to an increasing number of businesses accepting them as payment method. Here are some reasons why businesses should consider accepting cryptocurrencies:
- Wider Customer Base: Accepting cryptocurrencies allows businesses to tap into a growing customer base that prefers to use them for purchases. By accepting cryptocurrencies, businesses can attract customers who prefer the anonymity and security of using cryptocurrencies.
- Faster Transactions: Cryptocurrency transactions are processed faster than traditional payment methods, which can take several days to complete. By accepting cryptocurrencies, businesses can reduce the time it takes to process payments, improving their cash flow and customer satisfaction.
- Lower Transaction Fees: Cryptocurrencies offer lower transaction fees than traditional payment methods, which can help businesses save money on transaction fees.
- Improved Security: Cryptocurrencies are based on blockchain technology, which provides a high level of security for transactions. By accepting cryptocurrencies, businesses can reduce the risk of fraud and chargebacks.
- Innovation and Flexibility: It also provides businesses with the flexibility to accept payments from customers all over the world without worrying about currency conversions.
In conclusion, the growing trend of cryptocurrencies and the need for businesses to accept them as payment methods are becoming increasingly important. As the use of cryptocurrencies continues to grow, businesses that do not accept them may find themselves at a disadvantage compared to their competitors who do.
The ECO community will enjoy a significant benefit whereby any Merchant who accepts payment via the Tender POS terminal automatically becomes a Redeem and Reward store for ECO. To grasp the Redeem and Reward potential offered by ECO, you can hear Andy’s explanation of how ECO solves the problem associated with points by clicking on this link: Eco Explore II: The Problem with Points (with Andy Bromberg) - YouTube.