Bitcoin Latest Update: Bitcoin (BTC) Payments Are Not Dead, They're Normal Now - Bitcoin News Today - BTC/USD Price Today SmartereumSo many business owners today could never have imagined that digital currencies would be an integral part of their business. Frank McKeever is one of such ... […]

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So
many business owners today could never have imagined that digital currencies
would be an integral part of their business. Frank McKeever is one of such
business owners.

About
a year ago, during the period of rising crypto pricing and publicity, Lynx Art
Collection started to offer crypto themed artwork with an option to pay with monero, Litecoin, bitcoin and ether. Even when
the market prices bottomed, the sales continued to climb.

Bitcoin
(BTC) Price Today - BTC / USD

McKeever
said, "The bear market didn't really affect our sales throughout the majority
of 2018
." The Lynx Art Collection received up to five hundred crypto
payments for artworks and various prints by December 2018. This makes it 75 percent of the sales per annum.

He went
on to say that the crypto category has exploded for the business adding that he
enjoys grassroots marketing style of communicating with cryptocurrency fans on
social media. The company sold more than a thousand pieces of crypto artwork
last year.

Bitcoin is a viable option for
niche businesses

This gallery
is one example of merchants adoption of BTC payments can be viable for niches businesses. BitPay, the
bitcoin processor, reports that the average value of crypto payments process
last year was $678.77 - almost double its $338.53 retail payment value in the
previous year.

The data
shows that crypto users aren't shopping as much as they used to, but they are
spending more.

Purse
and BitPay CEO, Andrew Lee declined to specify the total volume facilitated last
year. However, internal data revealed that Purse traction surpassed previous
records since mid-2017. It also remained stable all through last year,
regardless of the price fluctuations.

Lee believes
that there should be an incentive to inspire people to spend BTC rather than
fiat currencies such as dollars. The incentive
can be in the form of discounts or a direct relationship with creators and
sellers.

This
is the case with the Scottish painter, Trevor Jones. This painter sells prints
for BTC through the Lynx Art Collection. Jones told CoinDesk that the crypto
themed portraits transformed his career by helping him to find an audience that
appreciates his paintings with augmented
reality features.

After a
whole decade of being a professional artist, Jones sells paintings worth close
to $13,000 to the crypto fans he meets on Twitter.

He said,

"My previous sales were mainly through
commercial galleries. Being able to sell quite expensive artwork to someone I've
never met before is spectacular
."

A creative way to save

Lee,
as a veteran digital currency entrepreneur, noticed that many niche newcomers
have not discovered. He said, "If you're paid in
bitcoin you are more likely to save a lot of it
."

Also,
McKeever says his retailer pays artists for the crypto themed prints in
cryptocurrency and holds a quarter of the profits from the gallery from the
sales in ether or bitcoin.

"We are feeling the bear market along with
everyone else right now
," says McKeever. He also added that despite the
outlook, it is still worthwhile since crypto payment option increased sales by
forty percent in categories like science
and space theme prints.

Crypto fans make loyal
customers

So far,
cryptocurrency fans proved to be loyal users even when the market fluctuates. Last year, many buyers contacted
Jones directly and paid for crypto themed paintings with ether, bitcoin and monero. Jones saved them in bitcoin to serve as
a long-term investment.

Crypto
users can store their digital loot with called keys, passwords, generated with
free websites such as BitAddress.org. Besides
the ingenuity of adding products based on
the interest of the audience, managing their bitcoin wallets offers McKeevers
an easy way to pay artists from Europe like Jones.

Bitcoin Latest Update: Bitcoin (BTC) Payments Are Not Dead, They're Normal Now - Bitcoin News Today - BTC/USD Price Today SmartereumSo many business owners today could never have imagined that digital currencies would be an integral part of their business. Frank McKeever is one of such ... […] Bitcoin Latest Update: Bitcoin (BTC) Payments Are Not Dead, They're Normal Now - Bitcoin News Today - BTC/USD Price Today - Smartereum Cryptocurrencies news Read More