SEATTLE, October 5, 2022 /PRNewswire/ — ZenLedger, the global leader in cryptocurrency tax software and blockchain analytics, today announced that the company is accepting cryptocurrency as payment for goods and services with BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. The ability to accept cryptocurrency enables ZenLedger to provide end-to-end functionality for crypto traders worldwide. More consumers are turning to crypto with 56% reporting they want to buy crypto, nearly half view crypto as an investment and more than 40% want to use it to make payments, according to the latest “Paying With Cryptocurrency” report from PYMNTS.
“As a brand designed to support merchants and those at the forefront of Web3 Innovation, the decision to accept crypto payments with BitPay was an easy one,” said Pat Larsen, CEO and co-founder of ZenLedger. “Our ultimate goal is to always facilitate the crypto experience for our users to save time and money. This means everything from tracking their transactions, to offering them the chance to use those funds for our services. We believe in the long term growth and innovation in the industry and so this is the next step to make things easier for our customers.”
By adding cryptocurrency to its payment options, ZenLedger reduces transaction fees while increasing payment transparency and efficiency. BitPay pioneered blockchain payment processing to enable payments using cryptocurrencies including ApeCoin (APE), Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC) XRP, 5 USD-linked stablecoins (BUSD, DAI, GUSD, USDC and USDP) and one euro-supported stable coin (EUROC). BitPay’s business solutions eliminate transaction fraud, reduce the cost of payment processing and enable borderless payments in cryptocurrency. With fast settlements in US dollars, ZenLedger avoids any cryptocurrency price volatility or risk to the company.
“As the leading Crypto Tax Software, ZenLedger fulfills a need for consumers who want to buy, invest and spend crypto alongside other investment vehicles and still keep track for accounting and tax purposes,” said Merrick Theobald, vice president of marketing at BitPay. “Our goal at BitPay is to make accepting crypto for ZenLedger a seamless process and to help drive crypto adoption as we believe crypto is the future of payments.”
About ZenLedger
ZenLedger is the leading cryptocurrency tax and accounting suite for investors and tax professionals. ZenLedger collects, analyzes and accounts for your transaction information across thousands of exchanges, NFTs, DeFi, wallets and tokens in one simple dashboard. The company leads the industry in the number of blockchains and tokens supported, while also offering fast, friendly customer service. Crypto investors can get easy, valuable portfolio and cash management insights while also saving time and stress. ZenLedger provides blockchain protocols, investment funds, corporations and governments with the tools needed for taxation, accounting, investigation and audits. ZenLedger’s investors include blockchain venture funds, crypto founders and leading crypto and fintech venture capital firms including Parafi, Market CubanAVAX Blizzard Fund and ALGO Borderless Capital.
About BitPay
Founded in 2011, BitPay is one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company’s mission is to transform how businesses and people send, receive and store money. Its business solutions eliminate fraudulent chargebacks, reduce the cost of payment processing and enable borderless payments in cryptocurrencies, among other things. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to convert digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europeand South America and raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group and Aquiline Technology Growth. For more information visit bitpay.com.
Media Contacts:
Paul GarlandDirector of Marketing
ZenLedger
[email protected]
Jan Jahosky
BitPay
[email protected]
SOURCE ZenLedger
