According to a press release, Corporate Intelligence Services (CIS), which operates in the field of financial and asset research and collections, has launched a Bitcoin wallet for businesses to accept Bitcoin as an additional payment method for collections.
“Bitcoin is more and more accepted as a means of payment,” said the co-owner of the CIS Roger Barter said in the publication. “Bitcoin has several advantages over checks and credit cards. Transactions are instantly reviewable and peer-to-peer transactions without an external intermediary. P2P transactions have significantly lower transaction fees. Unlike merchant credit cards, Bitcoin payments are peer-to-peer payments, and there is no third party who can cancel the transaction or return the payment to the customer or debtor. In the world of high balance collections, this is a game changer. “
CIS has been active for 11 years and in the press release wants to use “the most modern technologies that are available [its] Clientele better service, and therefore [it] I believed it was time to embrace and accept bitcoin as a payment mechanism. “
The increasing popularity of cryptocurrency could provide new opportunities for companies to address visibility or cost issues, PYMNTS reported. Neal Roche, Gilded’s chief operating officer, said vendors have found ways to use crypto as payment, but there are still challenges to get crypto payments up and running for larger B2B transactions.
There are several ways that Crypto can work well with B2B payments in different scenarios as it helps accounts receivable teams access better visibility and predictive power for incoming payments and give them a secure record of the transaction.
Roche said there are a lot of AR teams out there that aren’t adopting the concept and said it isn’t “business-friendly” although more and more companies are dropping by.
NEW PYMNTS DATA: HEALTH PAYMENT EXPERIENCE REPORT – JANUARY 2021
Over: The Healthcare Payment Experience Report, a collaboration between PYMNTS and Rectangle Health, is based on a census-balanced survey of more than 2,000 healthcare consumers and the challenges they face. The report reveals key insights into how providing flexible payment options and digital-first experiences can help medical providers discourage their patients from looking for health services elsewhere.