Fundstrat Forms Alliance with BitPay to Include Bitcoin [BTC] Payments
A firm known for its market strategy and sector research, Fundstrat Global Advisors has made the announcement that it will be coming together with global bitcoin payment service provider, BitPay to provide BTC as a payment option for its clients.
Fundstrat’s Managing Manager, Thomas Lee, seems to be pleased with the partnership, as Lee referred to BitPay’s service as being “simpler, faster and less expensive than bank wires.” He shared that the reason for accepting BTC as a payment option stems from the need to satisfy global clients, adding that “it’s easier for our clients, particularly those outside the US, by offering more options to pay for our research services.”
The Fundstrat team trusts that “Bitcoin payments dramatically reduce the friction, cost, and time of cross-border business to business payments.” Ultimately, benefiting both parties involved, as the research aspect is compensated for, while the client attains what he or she needs at a relatively low rate and efficient manner.
In response to the positive view Fundstrat has on BitPay’s capabilities, its Chief Commercial Officer, Sonny Singh shared similar emotions, as the CCO views its partner as one that “has a reputation of being innovative and being the first research firm to accept bitcoin only reinforces their reputation.” Singh’s statement also revealed that Fundstrat will be offering its bitcoin options on a global scale, adding the likes of “Asia, Africa and Latin America” to its list of endeavors.