One of my friends and a good long time customer asked me the other day is discussing using crypto for our wholesale payments part of social media or crypto media or merchant media ?
Good question, I replied, all of them, business owners are just migrating to what is needed, whatever name or group of media you talk about it, in the end b2b transactions will migrate to alt payments.
So merchants Worldwide are becoming part of crypto media, because there's a lot of fiat that was transferred by wire transfer that will be moving to various alt coins/tokens etc.
So maybe my statement below says this clearer
Mark my words, wholesale business owners of all sizes are ACTUALLY starting to transact with alt coins/tokens for payments suppliers in many Countries. They understand the logic of the profit from increase in the value of tokens they can acquire. B2B (business to business) have no choice in EVERY Country their fiat is being hit by some sort of devaluation AND regulations, increases in taxes, duties etc.
Leo (via the Hive blockchain) is one way for interaction with other wholesale business owners and suppliers. With the wrapped feature you can swap the various favorite different tokens used by different regions with Wleo and vice versa using uniswap etc.
Governments cannot stop this migration, businesses have no choice but to experiment and continue to find ways to use alternate payment methods.
As an example wholesale customers in Australia are faced with the reality of their fiat only being worth 80 cents to the USD, However they could have actually earned profit in their transactions by using an alt coin, token BTC, ETH etc. that has been accumulating in value. We would prefer to be paid in some sort of crypto versus fiat. Most crypto will go up in value, but not so for the fiat.
It’s Ironic as a small manufacturer, importer, exporter and wholesaler we can use alternative payment methods as a selling tool, on the other hand, if we accept a credit card payment the customer pays a fee, we pay a fee, and of course there’s always the chance that a bad actor can do a charge back, and we end up wasting time and losing money.
I strongly feel 2021 is a starting point for businesses to really start using crypto for buying and selling commercial transactions especially between suppliers and wholesale customers outside of the USA.
If your a business owner, manager anywhere in the World please keep us in mind if your looking for a supplier that accepts crypto for payments. If we do not have the products your looking for we probably have a Company to refer you to.
Aloha,
Richie
Globalmerchant.io
(a division of Shark Envy Int'l., Inc.)