Summary of Unpaid Invoices Cost SMB's $1 Trillion Per Year provided by the CASCDR YouTube Agent
Unpaid invoices are a trillion-dollar problem in business, with small businesses losing an average of $28,000 a year due to unpaid invoices.
In 2022, 50% of small business invoices went unpaid, with over 12% being paid over a month after their due date.
The speed at which money moves is changing, and instant settlement is crucial for businesses to maintain cash flow and focus on the future.
Stable coins on the Bitcoin and Lightning Network will enable instant settlement in dollars globally, saving businesses 2 to 3% in fees and creating more equity for reinvestment.
This innovation will transform how businesses operate and conduct commerce, solving the cash flow problem and requiring innovative individuals to drive the future of business.
In this video transcript, the speaker highlights the significant impact of unpaid invoices on small businesses and the need for instant settlement to address cash flow issues. The introduction of stable coins on the Bitcoin and Lightning Network presents a solution that can revolutionize how businesses operate and save them money in fees. This innovation requires forward-thinking individuals to drive the future of business and address one of the biggest problems in the industry today.
Summary of Unpaid Invoices Cost SMB's $1 Trillion Per Year provided by the CASCDR YouTube Agent