Bitcoin is a widely recognised digital currency that leverages blockchain technology. This technology facilitates decentralised transactions by eliminating the involvement of financial institutions or regulatory authorities. The primary objective of blockchain technology is to enable users to transfer payments directly to other users without intermediaries.

Lower transaction fees

The absence of a central intermediary significantly decreases transaction fees. Small businesses that receive payments via credit card processing companies often bear charges of approximately 25 cents for each card swipe, coupled with 2% to 4% of the total transaction amount. These expenses accumulate over time, leading smaller businesses to implement credit card purchase minimums on their POS systems. However, by accepting cryptocurrency as payment, these costs can be reduced to less than 1% of the value of each transaction. This makes it a cost-effective alternative for businesses looking to minimise expenses and maximise profits.

Extra protection

The decentralised nature of cryptocurrency also shields businesses from fraudulent chargebacks. Unlike credit card transactions, cryptocurrency transactions are final and irreversible since no third-party entity can reverse charges. This provides a level of security similar to that of cash payments.

With all of these reasons and more, it is easier to understand why businesses all over the globe are increasingly turning to Bitcoin and other cryptocurrencies for more efficient business transactions. Fortunately for Nigerian businesses, Quchange provides a top-tier Bitcoin trading platform dedicated to simplifying and streamlining the process of trading cryptocurrency. Through Quchange, businesses can conveniently and securely trade Bitcoin using just a few taps on their mobile device.

Quchange is a user-friendly application that provides fast and efficient conversion of Bitcoin wallets in Nigeria. Unlike traditional methods that require waiting 24 to 48 hours to receive Naira in your account, Quchange enables you to convert Bitcoin to Naira within minutes.

Simply download Quchange, create a Bitcoin wallet in Nigeria, and you're ready to start trading right away. The app's versatile platform allows for secure and reliable trading while providing real-time monitoring and price comparison capabilities.

Don't let Bitcoin's capacity to revolutionise businesses in Nigeria escape you. Get started with Bitcoin trading today with Quchange and take your business to the next level!