Bit-Coin/Cryptocurrency In the Dental Office

Fast international payments   Bitcoins can be transferred from Africa to Canada in 10 minutes. In fact, bitcoins never have any real physical location, so it is possible to transfer as many of them anywhere with no limits, delays, or excessive fees. There are no intermediate banks to make you wait three business days.   No PCI compliance required   Accepting credit cards online typically requires extensive security checks in order to comply with the PCI standard. Bitcoin still requires you to secure your wallet and your payment requests. However, you do not carry the costs and responsibilities that come with processing sensitive information from your customers like credit card numbers.   Get some free visibility   Bitcoin is an emerging market of new customers who are searching for ways to spend their coins. Accepting them is a good way to get new customers and give your business some new visibility. Accepting a new payment method has often shown to be a clever practice for online businesses.   Multi-signature   Bitcoin also includes a feature, not yet well known, which allows coins to be spent only if a subset of a group of people sign the transaction (so-called "n of m" transactions). This is the equivalent of the good old multi-signature cheque system that you might still use with banks today.  

Accounting transparency   Many organizations are required to produce accounting documents about their activity. Using Bitcoin allows you to offer the highest level of transparency since you can provide information your members can use to verify your balances and transactions. Non-profit organizations can also allow the public to see how much they receive in donations