IN4X – an international crypto technology solutions firm – has introduced a new crypto-based payment solution for markets in the Middle East. The company is now working to ensure businesses and companies in that neck of the woods can accept cryptocurrencies as payments for goods and services.
IN4X Introduces Middle Eastern Crypto Payment Solution
IN4X is bringing the initial goals of the crypto world to the forefront given that many of the world’s leading digital assets – including bitcoin and Ethereum – were originally designed to serve as payment methods and shove things like fiat currencies, checks, and credit cards to the side. They were supposed to serve as the only payment tools for individuals looking to get their hands on necessary items.
Unfortunately, this has been a slow journey in that volatility has often come with several of these currencies. It’s nearly impossible to predict where the prices of assets like bitcoin and Ethereum will go. They rise, they fall, and they often do so without notice. As a result, many companies have been worried about potentially losing profit when it comes to accepting digital assets as payments, and to a degree, we can’t really blame them.
Consider the following scenario: someone walks into a store and buys $60 worth of items with bitcoin. For one reason or another, the store does not trade the BTC in for fiat currency right away and roughly 24 hours go by. The next day, the price of BTC has fallen, and that $60 has turned into $30. The customer gets to walk away with everything he or she bought, but the store has lost half its profit. Is this a fair scenario? Not everyone thinks so.
All Part of a Larger Goal
That’s why enterprises like IN4X are so important to the growth and stability of the cryptocurrency world. Ala Albatayneh – the firm’s general manager – stated in an interview:
Introducing this innovative crypto payment solution is in line with our mission to provide businesses and their users with the technology they need to facilitate the payment process and help them achieve their financial goals. We truly believe that cryptocurrency is the future of business. This is an opportunity for us to further the UAE’s blockchain agenda and contribute to the building of our country’s future economy. The company has been able to demonstrate its potential and dedication to accelerate crypto adoption in the Arab region. This platform serves as a quick, secure, and easy-to-use payment processor and crypto payment gateway. It has been tailored to suit our vision to facilitate the adoption and acceptance of blockchain technology amongst businesses and individuals. The use of cryptocurrency has been growing stronger in terms of variety, acceptance, versatility, and knowledge. Businesses are now beginning to see their potential as an alternate mode of payment, and IN4X Global is proud to champion this shift.
Source: https://www.livebitcoinnews.com/in4x-will-help-middle-eastern-companies-accept-crypto/