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Can Stablecoins Help Take Your Business to New Heights?

Categories: GeneralPublished On: June 9th, 20212.3 min read

Can stablecoins take your business to new heights? After years of development, stablecoins are finally rising to prominence. More companies are announcing their branded stablecoins due to convenience and privacy. Are you open to catching up with this golden era for technological innovation? 

First of all, take a look at your business. Do you accept payments? Do you have employees that you pay in other countries? If your answer is yes to either of these questions, then you know there are fees attached to both of these transactions, and these fees can often be very high. Stablecoins offer a method of transaction that is cheaper than any other payment processor on the market. The transactions are digital, secure, and almost instant. You no longer have to wait for hours or days for transactions to settle. The best part is, unlike other forms of currency which are governed by a bank, which have operating hours, you can transact in your stablecoin 24/7/365.

As for the payroll aspect, any company with international employees knows paying their employees can be difficult. Doing payroll across national borders is complicated for several reasons. There are usually large transaction fees and even larger conversion fees. Stablecoins are an easy way to send money to employees, which can be traded or cashed out in their local currency with low or no fees. This will save your company and your employees’ thousands of dollars in the long run.

You may be worried about the safety and stability of these transactions. This is amazing about stablecoins; a fiat currency backs them, so using them is just as safe as using the US dollar but in a digital format. Dealing with stablecoins is much easier than dealing with cash. Not only can cash be forged, but you have to keep enough change on hand to accommodate people who pay using large bills. If your products aren’t rounded to the nearest dollar, you probably have the coin shortage to deal with as well. Wouldn’t you rather everyone be able to pay digitally, without the 3% Visa transaction fee?

No matter what business you are in, it’s time to look into what creating a stablecoin can do for you. Not only will it help take your business to the next level, but it will be much less of a hassle as well. If you have any more questions about implementing stablecoins in your business, reach out to us at https://www.stably.io/contact/.

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Investors: Kory Hoang, CEO — kory@stably.io

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