Why 26% of users choose to get paid with Bitcoin

February 13, 2024

Dear Reader,

Last week in the Neutronpay newsletter, we mentioned a statistic from a client: 26% of their power users and 13% of their regular users chose Bitcoin as a payout option.

If millions of users opt for Bitcoin as a payment option, it requires deep consideration from your product team. Your company might face various hurdles to offer this option, so this post will give some good reasons to start taking this leap.

Here are some reasons why users choose Bitcoin over traditional payment methods:

  • Speed: settlement time can be as fast as 1-10 minutes for a regular Bitcoin transaction, or instantly if done via Lightning.

  • Flexibility: Bitcoin, Lightning, and USD stablecoins are quickly becoming adopted across multiple platforms.

  • Choice: digital currencies give power and control to the end-user, instead of slow legacy rails.

And here are some other considerations that we’ve helped companies to understand:

  • Custody: Neutronpay’s integration enables your company to send Bitcoin, Lightning, and USD stablecoin payments without you ever touching or holding the asset. We take traditional currency and payout digital currency - it’s that simple.

  • Volatility: Your business is not exposed to Bitcoin volatility because Neutronpay instantly converts traditional currency to Bitcoin on-demand when a user requests it.

  • Regulation: Neutronpay is a licensed money services business and follows all traditional KYC, AML, and compliance checks.

As a final point, BlackRock, Fidelity, and others jumped through many regulatory hoops to get their Bitcoin ETFs approved in January 2024. Why? Because they see the potential of Bitcoin as an asset class and a technology. Neutronpay is here to give you access to this asset class.

Join Us in Shaping the Future of Payments

If the above article resonates with you, then reach out to Neutronpay to future-proof your business through one integration with Bitcoin, USD stablecoins & Lightning Network for instant and cost-effective global payments:

Best regards,