NY’s Universal Accounting Systems Accepts Cryptocurrency Payments

Universal Accounting Systems, which is an accounting firm based in Brooklyn has become the first company in financial services to accept Bitcoin and Ethereum as payment methods.

These cryptocurrencies gained viral acclaim in 2017, with a countless number of experts explaining to investors why they should invest in cryptocurrencies. But just 35 million people in world own cryptocurrency wallets, and less than a million use cryptocurrencies to pay for products.

As of now, the adoption of cryptocurrencies has been slowed by a number of factors, such as the newness of blockchain technology, which is the underpinning framework of these virtual assets. Other hindrances include a lack of stable ecosystems and processers that support cryptocurrencies, as well as the volatility of the coins themselves.

Regardless, the trend of using cryptocurrencies instead of fiat dollars grows stronger each month, as seen with the amount of companies that are struggling to adapt to the changing market.

Universal Accounting Systems At The Forefront

Universal Accounting Systems appears to be at the forefront of the latest trend of cryptocurrencies, with this new move by the company. New and potential clients will now be able to use cryptocurrencies for paying for things like tax returns, sending their Ethereum or Bitcoin to the Opporty blockchain network.

Opporty is a startup based in Delaware that allows small business owners to harness the power of blockchain technology. It gives access for registered providers to offer and request services, as well as pay for things with Ethereum, Bitcoin, and OPP, which is its in-built cryptocurrency.

The platform secures each transaction on its own blockchain, which is built on a proof of expertise model.