Centri Business Consulting, LLC – a leading accounting and advisory firm – has joined hands with crypto payment processor Bit Pay as a means of accepting digital currencies like bitcoin and Ethereum for invoice payments.
Centri Business Consulting Opens Its Heart to Crypto
The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools. They were built to push checks, credit cards, and fiat currencies to the side, but this has been a relatively slow journey given the volatility that continues to drag them down.
It is extremely hard to understand when bitcoin and its crypto family will go up or down when it comes to their prices. Many stores and companies have been reluctant to say “yes” when it comes to accepting crypto payments for this reason, and to a degree, we can’t blame them.
Consider the following scenario: someone walks into a store and buys $50 worth of merchandise with bitcoin. For one reason or another, the store doesn’t trade the BTC into fiat right away and about 24 hours go by. From there, the price of BTC goes down and that $50 becomes $40. The customer gets to keep everything he or she bought, but the store has lost money in the end. Is this a fair situation? Not everyone thinks so.
That’s what makes enterprises like Centri so important. They understand the initial purposes of bitcoin and digital currencies and are trying to transform them into usable tools that everyday people can benefit from.
Merrick Theobald – vice president of marketing at Bit Pay – offered the following comments:
At Bit Pay, we see crypto as the future of payments, and businesses like Centri are being rewarded with new business opportunities from those who want to pay in crypto. Centri is supporting those clients who prefer to pay in crypto with a payment solution that eliminates transaction fraud, reduces the cost of payment processing, and removes cross-border transaction headaches.
Centri will be able to accept crypto payments through its Bit Pay account. From there, the money is transferred into fiat and delivered to the firm within a 24-hour period. The company is set to accept funds from a wide array of crypto wallets including Coinbase, Binance, Meta Mask, and Gemini.
Making Crypto Payments a Reality
Mike Andrusko – the digital assets practice leader of Centri – said:
By accepting cryptocurrency as a payment option for our clients via BitPay, Centri is reaffirming its commitment and belief in the cryptocurrency markets. We want to accept these payments and allow businesses to spend their crypto easily and securely.
