Fundstrat Global Advisors published a press release that they will accept Bitcoin (BTC) through the payment processor BitPay. BitPay is currently the largest global blockchain payments provider, and Fundstrat aims to utilize this to have a global reach.
Fundstrat is one of the few industry-grade macro research firms that are exploring the cryptocurrency markets. Fundstrat has had their Managing Partner Thomas Lee appear on CNBC to offer advice for the cryptocurrency markets. Concerning the recent news, Lee said:
“Fundstrat found that accepting payments via BitPay is considerably simpler, faster and less expensive than bank wires. Bitcoin payments make it easier for our clients, particularly those outside the US, by offering more options to pay for our research services without having to deal with the hassles of currency translation.”
The press release also reported that users who wish to pay Fundstrat in Bitcoin can do so through its Client Manage division. This suggest that the payment option is already set for clients. Fundstrat commented:
“Fundstrat clients can skip costly, complicated cross-border wire transfers and receive or send international payments with BitPay with complete accuracy, zero fraud risk, and quick bank settlement. Bitcoin payments dramatically reduce the friction, cost, and time of cross-border business to business payments.”
The global payment processor, BitPay, allows companies to accept payments in Bitcoin (BTC) and Bitcoin Cash [BCH]. The company has a lot of big industry names on their ledger. They also provide customers to convert virtual coins into fiat currency with their Visa card.
Bitpay is a global payment service that allows businesses to accept payments in Bitcoin and Bitcoin Cash [BCH]. Bitpay’s clients include big names such as Microsoft, Neteller, Newegg, Virgin, and Zynga. They also allow their users to turn digital assets into dollars with their Visa card. The Chief Commercial Officer of Bitpay, Sonny Singh, spoke on the partnership:
“Bitcoin payments for businesses are making cross-border transactions easier as Fundstrat is able to accept payments from clients in Asia, Africa, and Latin America that would have been nearly impossible before. Fundstrat has a reputation of being innovative and being the first research firm to accept bitcoin only reinforces their reputation.”