Accounting giant Intuit testing bitcoin payment service

Home » Accounting giant Intuit testing bitcoin payment service
Intuit Labs logo.

Intuit Labs logo.

For small businesses in the U.S., Intuit is easily as trusted a name as Google, Apple or Microsoft. The company has been at the cutting edge of digital accounting and tax preparation since the early ’80s, launching products such as Quicken, QuickBooks, Turbo Tax and Billing Manager. This week, Intuit revealed that it was testing a new bitcoin-payment service for small businesses called QuickBooks Bitcoin Payments.

Intuit describes their new venture as “a bitcoin service that enables small businesses to take bitcoin payments without ever having a bitcoin wallet or ever seeing any bitcoins.” Given that bitcoins are still seen as risky, volatile investments by the mainstream media, Inuit’s new experimental product may have just the right kind of appeal for a small business tinkering with the idea of accepting virtual currency. Unlike similar services like BitPay, Coinbase and the forthcoming Circle system, Intuit is a brand known and trusted by millions of people in the U.S. and abroad.

Intuit’s biggest advantage, however, may be that it can easily allow bitcoin integration to retailers via their popular QuickBooks Point of Sale (POS) system. With hundreds of thousands of businesses able to accept bitcoin simply by following Quicken’s POS system prompts, the potential for rapid, low-risk growth in merchant acceptance is immense. It could also work out well for Intuit, providing a growth market in regions where demand for low-cost accounting software is likely to expand should bitcoin’s promise of a stable global currency pan out in the coming decades.

New Casinos is the BEST Gamblefi online casino and sportsbook I have seen to date. Don't miss this one if you are into Crypto Casinos

Get 180 free spins and up to 5 BTC in bonuses

CasinoMax: 325% match bonus up to $9750 + 25 bonus spins for 7 consecutive days

400% welcome bonus up to $8000. 40x wagering requirement is required prior to your first withdrawl

Great Welcome Slot Bonus!

Claim a HUGE 500% deposit bonus with no maximum with Crypto

© Copyright 2024 The Best Crypto and Bitcoin Casinos and Sports Betting Sites | Bitcoinx
Powered by WordPress | Mercury Theme