Bitcoin is all the rage these days. With cryptocurrencies suddenly coming into their own and becoming hot investments for consumers to speculate on, many online retailers and other types of companies are beginning to accept some of them as a form of payment for goods and services. Here is a recently compiled list of companies that accept Bitcoin, which is in an infographic put together by 16best.net.
All of this begs the question, how does cryptocurrency affect inventory management? Is it wise to accept Bitcoin as payment in transactions with your customers? Let’s explore that question as we discuss the value of cryptocurrency in inventory management. (more…)