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Why SMEs Are Embracing Bitcoin in 2025

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Business Insider Africa recently reported, “From Lagos to Kenya and the US, businesses are recognising that embracing digital methods is essential for growth.” In 2025, more small and medium-sized entrepreneurs (SMEs) are using Bitcoin. The shift is driven by changing consumer preferences, efficient payments, and greater financial resilience.


Along with geopolitical news, shifts in policy, and investor sentiment, the growing number of businesses adopting digital currencies may influence the Bitcoin price USD, which recently climbed back above $110,000 mark. 


A more toward digital solutions


Almost all SMEs (96%) had “either adopted or plan to onboard digital fintech platforms to support their business finance needs”, according to an April 2025 article by Business Wire, shared by Yahoo! Finance. The companies surveyed by Airwallex / Censuswide (“250 SME business decision makers in Singapore (companies with 50 - 500 employees”) cited the convenience, fast transactions, cost savings, and features of digital solutions.


The widespread adoption of AI has enhanced many businesses’ operations. In February, one of the creators of Truckhouse, a company that creates “extreme reactional vehicles” provided an example of how AI could help SMEs. Nico Monforte said, “We use it in [Google] Sheets quite a bit in inventory management. [It] allows us to find products faster and pull from the shelf in a more efficient way.


Yahoo! Finance quoted Harris Beber of Google Workspace as saying 40% of small US businesses are using AI. Beber said AI was transforming work and helping businesses work in ways they hadn’t thought were possible. For Bitcoin-accepting businesses, AI tools may help with price monitoring, fraud detection, and automating conversions between crypto and fiat currencies. 


Financial resilience


Economic uncertainties have prompted SMEs to seek financial stability by diversifying their assets. By incorporating Bitcoin, businesses may be able to hedge against inflation and fluctuating currencies.


The growing mainstream acceptance of Bitcoin underscores its potential as an asset. Forbes contributor Zennon Kapron notes, “more traditional financial institutions are expected to maintain dedicated crypto trading desks, custody solutions and blockchain pilot programs.”


Other advantages of digital currencies


Beyond faster payments and improved financial resilience, digital currencies like Bitcoin offer several advantages.


One of the key benefits is lower transaction fees. Traditional payment processors often charge fees of 2-5% per transaction. These fees can quickly add up for SMEs operating within thin margins. Bitcoin transactions can be completed at a fraction of the cost, which may help businesses retain more of their revenue or reinvest their savings into operations.


Bitcoin also allows businesses to transact with customers and partners worldwide without the need for currency conversion or internal banking delays. In other words, Bitcoin is borderless. For SMEs looking to scale, accepting Bitcoin can remove barriers associated with international commerce. 


The level of transparency provided by Bitcoin may be helpful for businesses of all sizes. The currency operates on a public ledger (the blockchain) that records all transactions in a secure and immutable (unchangeable) manner. This transparency can be useful for auditing and compliance.


There is also the lack of chargebacks to consider. Credit card chargebacks and refund claims can be costly and time-consuming for SMEs. By design, Bitcoin transactions are irreversible once confirmed. This helps merchants avoid lost revenue due to disputed charges. 


Bitcoin can also help with cash flow management by allowing businesses to access funds more quickly than traditional banking. The immediacy may be particularly valuable for SMEs where maintaining steady cash flow is so important.


Advancing technology


Bitcoin has become more accessible to SMEs. User-friendly platforms, tools, and apps simplify the process of accepting and managing crypto payments.


In earlier years, accepting Bitcoin required a higher level of technical understanding and came with more risk, including handling private keys manually and navigating volatile wallets. This has changed considerably. 


Payment processors like BitPay, OpenNode, and Coinbase Commerce allow SMEs to start accepting Bitcoins quickly and easily. With support for major e-commerce platforms like Shopify and WooCommerce, crypto payment options can be added with minimal disruption to existing checkout systems.


These tools also remove much of the complexity around currency conversion. Businesses that would prefer to avoid holding Bitcoin can receive local fiat currencies with automated real-time conversion. This helps alleviate concerns about price volatility and still allows customers to pay with Bitcoin.


Another innovation is the Lightning Network. The second-layer solution enables immediate, low-cost Bitcoin transactions, making it more feasible for small businesses to process even tiny payments efficiently. Lightning-powered apps and wallets (e.g. Strike and Wallet of Satoshi) are increasingly user-friendly; businesses and customers can complete transactions with a few quick taps.


Mobile and web-based wallets have improved in usability and security. QR code scanning, intuitive interfaces, and multi-signature security options reduce the barrier for smaller businesses without dedicated IT resources.


Lastly, APIs and accounting integrations are becoming stronger. Many crypto payment platforms offer third-party integrations for tools like QuickBooks and Xero to simplify bookkeeping and compliance. 


Together, these improvements have helped Bitcoin to grow from a niche interest to a viable and practical tool for SMEs. 


Last word


SMEs are increasingly using digital solutions. Small businesses may benefit from Bitcoin’s reduced transaction costs and stronger integration with existing business systems. The cryptocurrency markets remain dynamic, but the technological infrastructure supporting Bitcoin has matured significantly.

author

Chris Bates



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