Bitcoin For Small Businesses: Front Line Options Today

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We’ve discussed a few points previously about adding Bitcoin to the treasury of a small business, in order to address inflation as well as provide other benefits. Of course, one could acquire Bitcoin by simply taking the U.S. dollar (or other local fiat currency) and buying Bitcoin through an exchange. But there is another valuable route that any business should consider: accepting Bitcoin in exchange for goods and services.

Below, we describe a few options that we have used for the small businesses that I’ve worked with. All of these businesses have employees, and are not sole-proprietorships, so we leave out options that may work fine when you’re the only employee. Once you have employees, the business has additional concerns around training, ease of use and cash controls. The options below are the easiest I’ve found so far.