This is one of the most common questions people ask, especially if they want to use Crypto Currency/Assets in a business. As an accounting professional I can tell you firsthand that having a currency that constantly fluctuates in value simply won’t do for most companies that are considering using it for sales.
Fortunately, there are a few practices that will allow you to seamlessly use Crypto Currencies in business (or even personal) and you won’t have to worry about the volatility.
One way to do this would be to trade a Crypto transaction into the currency your business uses. Typically, prices won’t take a huge fall in a short time period (although it happens sometimes!), but if you are worried then you can make the trade as soon as the transaction is complete or at the end of a business day. If I did this, I would probably want to do it no later than the end of that day.
Another way someone could use Crypto is to trade it for a stable coin. This is a Crypto Currency that is tied to the value of the US Dollar and other commonly used currencies. This way is similar to the first thing mentioned, except these Stable Coins are Crypto Currencies and not a central bank fiat currency.
There are some Stable Coins that actually gain value over time. The Meta 1 Coin is like this. This Crypto Currency/Asset is backed up by precious metals, has its own private secure vault, and an exchange with some of the lowest fees out there in the crypto space.
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