Andrew Frey

Andrew Frey


Cryptocurrency: The future of MLMs?

by Andrew Frey 11/20/2018

Have you heard of bitcoins? 

Some of the top emerging MLM companies have – and they are using this rapidly growing industry to build their business. That is why we’ve built our MLM software to accept and payout with this amazing cryptocurrency, so you can benefit from what many analysts are calling the future of money exchange.

What are bitcoins?

Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. This form of payment first came into use in 2009 and has been growing in popularity due to its ease of international use.

For the average person using cryptocurrency is as easy as:

Get a digital wallet to store the currency.

Use the wallet to create unique “public addresses” to receive currency.

Transfer funds in or out of your wallet using public addresses.

What is a cryptocurrency address? A public address is a unique string of characters used to receive cryptocurrency. Each public address has a matching private address that can be used to prove ownership of the public address. With Bitcoin the address is called a Bitcoin address. Think of it like a unique email address that people can send currency to as opposed to emails.

What are the advantages of bitcoins for network marketing companies?

No more merchant processors. For many MLMs, acquiring a merchant processor can be a huge headache, and then mailing checks or using paycards for distributors can be time-consuming and costly. Bitcoins removes the need for a merchant processor and makes paying distributors simple and efficient.

Cryptocurrency is a great investment. Accepting bitcoins can be a great investment for any business, as the industry has grown over $120 Billion in the last eight months alone. Investors are snapping up bitcoins for this very reason, and any business that gets on board with this revolutionary currency can see huge increases in their investment.

As a top software provider for MLM businesses, we have seen a huge increase in demand for software that uses the most popular form of digital currency; bitcoin, which is why we have upgraded our TitanMLM software to accept and payout in bitcoin.

ApogeeINVENT also now accepts bitcoin payments in addition to other currency.

Want to learn more about what bitcoins can do for your network marketing business? Contact us, and we’ll be happy to consult with you for free.

Fifty million people have bitcoin to spend. Why not make your business one of the revolutionary MLMs that accepts bitcoin from the millions that are waiting to shop with it? 

Be part of the billion-dollar digital currency industry. We can help. Ask us how.