In a press release earlier today, Fundstrat Global Advisors announced that they will be accepting Bitcoin [BTC] from clients for payment through BitPay. This is to ensure a worldwide reach for payments to Fundstrat through the “largest global blockchain payments provider” BitPay.
In the current space, Fundstrat remains among the few macro research firms at the industry level to follow the cryptocurrency markets. Fundstrat’s Managing Partner Thomas Lee has appeared on CNBC countless times to offer advice or make predictions for the Bitcoin market. Keeping in mind the recent move, Lee stated:
“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 release also stated that those that are looking to pay the research firm in Bitcoin should reach out to the Client Manager division of Fundstrat. This indicated that the feature is already ready for use by clients. Moreover, Fundstrat stated:
“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.”
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.
On partnering with Fundstrat, Sonny Singh, the Chief Commercial Officer of Bitpay, stated:
“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.”
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