The founder and CEO of Binance, Changpeng Zhao has spoken out about online businesses not wanting to accept crypto payments. According to the Chinese-Canadian business executive, he doesn’t understand why any online business won’t accept digital currencies.
Accepting crypto payments online is much more easier, faster, safe and secure than any other alternative. It’s also the best method to process goods and services online than any other traditional methods.
The previous member of the team that developed Blockchain.info, who also served as chief technology officer of OKCoin says more online business owners are now becoming blockchain enthusiasts.
According to them, Bitcoin and other altcoins are the most secure and easier way to accept payments from customers without knowing about customer’s personal details.
An advisor with McAdam Financial, known as Pat Chirchirillo also complained about the $10 he was charged after doing six transfers in a month with Bank of America. Stating that if he had used Bitcoin, he won’t be charged more than 30 cents for six transactions.
This means that crypto is 3,222% cheaper than fiat in terms of transaction charges. Pat Chirchirillo is also calling for Bitcoin to replace banks, after a Federal Court in the US State of Michigan passed a bill that makes Bitcoin (BTC) constitutes as money today.