Cryptocurrency and blockchain are everywhere and if you are tired of watching from the sidelines and are after a bit of the action, you might be wondering how to go about it. For businesses or entrepreneurs that want to take the leap into the world’s most innovative and promising market, here are some ways that you can do just that.
Accept Cryptocurrency Transactions
The easiest and most obvious way to get into cryptocurrency is by accepting payments using it. If you have a product or service to offer, particularly on-line it makes sense to give your clients the opportunity to be able to pay in cryptocurrency such as Bitcoin. As adoption of digital currency continues to grow, retailers and service providers need to respond by offering flexibility in the way they can be paid. There are a range of payment providers out there and you can choose from keeping the payments in cryptocurrency, or having them automatically converted into traditional currency upon receipt.
Acquire a Cryptocurrency Or Blockchain Company
Want to jump into crypto but don’t want to go through the headache of getting established? There is always the option of purchasing a start-up project or entity. This means you also have the ability to get your hands on new technologies that can offer benefits to your existing operations. For example, an online gambling company could acquire a cryptocurrency micropayments platform and then integrate it into their existing product, rather than having to develop it from scratch.
Through our network of international partners spanning multiple continents as well as us having our finger on the pulse of the industry, we are able to guide you in the direction of possible business opportunities. If you want to set up a cryptocurrency business, rather than acquire one, we can help you with that as well!
Join a Project Or Consortium
Due to blockchain and cryptocurrency’s growing popularity, there are an increasing number of consortiums and projects that you can join. Groups are being established in every sector from financial services to healthcare, logistics to waste management, and even manufacturing, so whatever your niche is, there is likely to be a group established within it. The aim of these groups is to find and develop real-world applications for blockchain and crypto within that industry and to work together in collaboration and the sharing of ideas.
Create a Cryptocurrency Product or Service
If you have the vision, the motivation, and the funds to do so, why not create your own cryptocurrency product or service? In such a dynamic and innovative sector, if you have a good idea, you need to go for it before someone else pips you to the post. There are also a number of sandboxes and labs in operation that allow startups to develop their ideas into viable commercial applications. Good examples are the Singapore and UK government sandbox projects, or Deloitte Blockchain Labs who have developed over 30 projects to date.
If you have an idea, a dream, or a plan and you are looking for the right jurisdiction to set up and get licensed in then, get in touch with us to help you solidify a concrete plan. We can help you with all the corporate matters such as selecting the right jurisdiction, company incorporation, opening a bank account, and applicable licensing, as well as guiding you through the whole process from start to finish.
Start An ICO or Launch a Token
For those that don’t know, ICOs are the crypto alternatives to equity fundraising or crowdfunding. Instead of getting money from a venture capitalist or IPO to get your idea off the ground, businesses can use an ICO to raise the money that they need to develop new markets and encourage investment. They also serve as a way for businesses to create their own currencies which can then be used for their products and services.
If you think an ICO is the way to go for your start up but you don’t know where to start, let us give you a helping hand. We can take care of a range of matters including regulatory and legal considerations, tokenomics, and even drawing up your whitepaper. We are also on hand to take care of corporate matters including incorporation, tax considerations, and payment services.