Moon Blocks and Bit Pay Partner to Enable Crypto Payment Options

• Moon Blocks and Bit Pay have partnered to allow for crypto-based payments on the platform.
• The purpose of bitcoin and its digital counterparts was initially designed as a payment tool, but due to volatility they are seen in a speculative or hedge-like manner.
• Moon Blocks is trying to transform these currencies into usable tools by offering more payment options and flexibility.

Moon Blocks & BitPay Partner To Allow Crypto Payments

Web3 and fintech company Moon Blocks has joined hands with payment processor Bit Pay to allow for cryptocurrency-based payments on its platform. This move is pushing the goals of bitcoin and its digital counterparts closer to being achieved, as these currencies were initially designed to serve as payment tools.

Volatility Of Cryptocurrencies

The volatility of bitcoin and other cryptocurrencies make it difficult for stores or companies to accept them as payments. For instance, if someone buys $50 worth of merchandise with bitcoin, but 24 hours later the price of BTC goes down and that $50 becomes $40, then the store loses money in the end.

Moon Blocks Transforming Cryptocurrency Payments

Moon Blocks understands the initial purposes of bitcoin and digital currencies and is trying to transform them into usable tools that everyday people can benefit from. By accepting cryptocurrency payments, they can avoid high transaction fees associated with traditional methods while still offering lower prices than competitors. Additionally, embracing decentralization helps position themselves as an industry leader.

Benefits Of Accepting Crypto Payments

Giuseppe – CEO at Moon Blocks – mentioned that there are many benefits for accepting crypto: it allows them to cater a crypto-savvy audience which builds trust with clients; it avoids high transaction fees; lower prices can be offered; plus it embraces decentralization which positions them as a leader in their industry.

Conclusion

Cryptocurrencies have come a long way since their inception, so much so that it’s hard to keep up with all their uses nowadays! Companies like Moon Blocks are helping bridge the gap between traditional payments methods and cryptocurrency by providing more options while still keeping fees low – allowing everyday people access these digital currencies without hesitation!