Digital assets are growing in popularity even if the bitcoin market is still in a negative market. In the coming years, the number of cryptocurrency users is anticipated to increase by 250%, reaching one billion by 2030.
What does any IT business need to know from these numbers? First, businesses adopting digital currencies are now grabbing a chance to grow their customer base and income, which is especially important as the cryptocurrency bull market gets closer. Second, when cryptocurrencies become more widely used, making it possible to pay with them, swap them, and withdraw them might become as fundamental as doing so with fiat money.
White Label Crypto Cards solutions enable you to obtain revenue-generating crypto capability in weeks while saving years and millions of dollars on development.
Why Accept Cryptocurrencies Now?
Users of cryptocurrency are increasing in all age groups. Studies show that 46% of millennials in developed nations, including the US, China, Germany, and Japan, possess digital assets. Probably the most economically active (and, for the time being, solvent) cohort, they make up the largest portion of users on most IT or cryptocurrency platforms. Digital assets are currently the most popular form of investment for Gen Z, the generation raised on cryptocurrency, and will soon dominate the global economy.
Nowadays, many consumers rely on whether or not to use a product or whether or not it has crypto features. Nowadays, many consumers rely on whether or not to use a product or whether or not it has crypto features. Even now, this kind of functionality is rare, and any business that uses it can project an air of innovation. This is a fantastic method to differentiate yourself from the competition because offering cryptocurrency operations might soon become required.
Fintech company’s risk can only stay in style if they embrace digital assets. This isn’t only true for startups and small businesses, either—some of the most established financial institutions have already begun to embrace cryptocurrency. Neobanks and payment firms like Revolut and PayPal are already enabling their clients to purchase, store, and transfer cryptocurrency, while Raiffeisen Bank and Deutsche Bank are obtaining their licenses.
The remainder of the sector will likely be with financial mastodons as they venture into cryptocurrency. There is still much time left to seize the chance and outpace your rivals.
Which Crypto Properties Are Beneficial to An IT Company?
Making it possible for your clients to purchase, sell, store, and trade virtual currencies is the most popular method of converting your company to a cryptocurrency. These are some of the fundamental features of crypto exchanges that many online companies use.
These capabilities allow you to serve customers who are either somewhat or well-versed in cryptocurrency, but there is another option to reach a much wider audience. Many consumers only view digital assets as a tool for good investment, and they prefer to use cryptocurrencies in well-known financial environments that are tightly integrated with conventional finance.
Cryptocurrency banking services serve this rapidly expanding clientele. These guarantees include:
- Easily converting cryptocurrency into fiat money.
- Purchasing cryptocurrency with a credit card.
- Spending digital assets straight from a physical VISA card.
- Applying for a crypto loan.
- Even creating a crypto savings account.
A business incorporating crypto banking services can quickly boost revenue by offering a seamless crypto-to-fiat gateway for a wider audience.
What Is the Starting Cost of A Cryptocurrency Business, and Is There a Way to Cut Costs?
Choise.com, a platform that provides all the crypto banking features mentioned above, has spent $60 million over six years developing the platform and obtaining the necessary licenses. Fortunately, only a little money must be spent by any company to provide the same capability.
White-label solutions allow you to implement crypto features without starting from scratch. These are ready-made programs you can use via an API to integrate into your business. Based on a revenue-sharing model, the white-label provider provides its infrastructure and guarantees full-cycle technical and customer support.
In a Nutshell:
In conclusion, IT companies looking to profit from the expanding digital asset market will find that developing white-label crypto platforms offers a strong chance. Early adopters of cryptocurrencies stand to gain a huge increase in their client base and revenue streams, as the user base is predicted to surge by 250% and reach one billion by 2030. White-label crypto solutions are a tactical expedient that enables companies to quickly include crypto capabilities that generate income while saving significant time and money on development.
The adoption of cryptocurrencies is not just a fad; it is a calculated strategic move for companies trying to remain competitive. The economically active generations, Millennials, and Gen Z are increasingly drawn to digital assets; therefore, crypto features have become a determining element in product adoption. Businesses that use crypto features foster innovation and obtain a significant competitive advantage. With their smooth connection with traditional finance, cryptocurrency banking services allow new revenue streams by reaching a wider clientele.
White-label solutions are affordable, enabling companies to enter the cryptocurrency market without paying outrageous development costs. The moment is for companies to take advantage of this, set themselves apart, and ride the wave of cryptocurrency integration before it becomes a commercial necessity, as financial behemoths such as PayPal and Revolut lead the way.