Cryptocurrency payments, such as Bitcoin and Ethereum, among others, are now accepted by Princeton-based Withum as a form of payment. This alternative payment method offers flexibility and convenience for both national and international clientele.
The Princeton-based advisory, technology and accounting firm said Wednesday that by partnering with Bitpay, a pioneer in blockchain payment technology, Withum can assure a client’s cryptocurrency payments will be handled securely by the world-standard in fraud detection and efficiency.
“As a technology-driven firm, we are proud to partner with Bitpay, a global giant in cryptocurrency transfers,” said Withum Managing Partner and Chief Executive Officer Bill Hagaman. “Withum operates at the forefront of innovation. This step is an invaluable enhancement of our mission to help our clients to be in a position of strength and thrive in the 21st century.”
While the expanded payment acceptance structure is new to Withum, the digital currency space is not. The firm’s Technology and Emerging Growth Team has a distributed ledger and cryptocurrency practice that already works with a wide variety of crypto-companies, providing audit, stablecoin attestation, tax structuring and consulting services.
In May, Prager Metis CPAs, which has New Jersey locations in Basking Ridge, Cranbury and Hackensack, announced its own partnership with BitPay to accept cryptocurrency as payment.