You might be completely aware that entertainment is one of the most important components of everyone’s life. No person in the world can live without entertainment, and therefore, entertainment is vital. Unfortunately, nowadays, you cannot simply entertain yourself due to the busy schedule of every person. People have less time for entertainment, and they are always busy doing their work like going to the office and other things like trading. Nowadays, more and more people are engaging in cryptocurrency trading. If you are one of such people, you need to understand the fact that cryptocurrency trading can make you rich. Many people across the globe have already become billionaires, and if you want to join their club, it is essential for you to understand how far cryptocurrencies have gone.
When the first cryptocurrency was created, the scenario was not the same. People were not aware of the technology and did not use it in the initial stages for trading sites like https://cfd-trader.io/. However, as soon as the technology started to thrive, people got to know more about these cryptocurrencies, and it is now exposed to every kind of industry. Even though, if you look at the world, you will see that even the OTT platforms are not away from the influence of bitcoin. There are plenty of OTT platforms nowadays that allow you to pay in cryptocurrencies like bitcoin for their monthly subscriptions, and you need to understand why. If you are aware of the reasons, you will see how incredible the bitcoins are, and therefore, we are going to provide you details regarding some potential reasons behind it.
As far as the list of prominent reasons goes, there are many of them behind accepting the OTT platforms cryptocurrencies. You might be completely aware that cryptocurrencies are thriving nowadays, and therefore, there is barely any industry that is away from its influence. The same is the case with OTT platforms that offer movies of cryptocurrencies and other entertainment movies. Some of the prominent reasons because of which they are accepting cryptocurrencies as payments are described below.
- The first and most prominent reason for accepting cryptocurrencies as a payment by the OTT platforms is none other than the decentralized nature of the cryptocurrencies. Yes, you might be completely aware that cryptocurrencies are not under the influence of the government, but they are entirely decentralized, and therefore, no government regulates their prices. Due to the minor government intervention in cryptocurrency and its prices, the OTT platforms are now accepting it. Just like normal people, they are also willing to stay away from government intervention in their business.
- As cryptocurrencies are decentralized, they are completely free from government intervention, and the government cannot levy any kind of tax. Yes, it is one of the most prominent reasons OTT platforms allow their users to pay in cryptocurrencies like bitcoin. You might be completely aware that fiat currency comes along with taxes, and the OTT platforms want to make the most out of cryptocurrencies by accepting them and not paying the tax to the government, which is not at all acceptable.
- Cryptocurrencies are traded over the Internet, and also, if you want to make payments, it is supposed to be done over the Internet with Blockchain technology. Due to Blockchain technology, the transactions made in cryptocurrencies are completely anonymous, and no other person can get its information unless you allow it. The OTT platforms want to keep their business under the table, and therefore, they are allowing their users to make payments in cryptocurrencies like bitcoin. Bitcoin offers you a high degree of anonymity, and therefore, it is a great medium for accepting and making payments throughout the globe without allowing the government to know about it.
These are some of the incredible reasons why OTT platforms are more and more allowing people to pay the subscription charges in cryptocurrencies like bitcoin. If you are also willing to save taxes that you may pay by paying in Fiat currency, you can also purchase any subscription of the OTT platforms using your cryptocurrency like bitcoin. These are just the list of benefits you’re going to enjoy, but there are many others of them, and you are going to explore them when you use the cryptocurrencies for this purpose.