Recently the US government and the FED concluded something all of us in the crypto world already knew; Bitcoin and Crypto in general can be advantageous for local and big businesses. Some innovative and progressive people are already using different forms of crowdfunding involving crypto.
This can be found in different crypto fora and is an excellent way to get some start capital going for their project. Crowdfunding ones project or start up is becoming increasingly popular since the banks aren’t so keen to give out loans. Because of the inflexibility of the banks and their policy about who is destined to receive a loan and who isn’t, is one of the reasons the crowdfunding phenomena is growing in popularity.
If we link the conclusions from the US government about crypto to the popularity of crowdfunding, we can envision great potential for other companies that aren’ into the crypto or digital world.
If using this platform to generate the necessary funds, local and big businesses could potentially have another avenue to get funds. This could be an excellent lifeline for the local businesses since they generally do not have to follow the same legislative laws as the bigger or the international businesses need to adhere to.
In other previous articles we have spoken about the possible ways and diversification protocols any business can use in times of economic crisis. Crypto crowdfunding can be another excellent tool in their arsenal to stave off financial problems. This Crypto crowdfunding aspect can also give local businesses a better position to combat the competition with the larger and international companies.