Published by Australian Fintech on 25 July 2022
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BGL now accepts Bitcoin for subscription payments
BGL Corporate Solutions, Australia’s leading provider of SMSF, investment portfolio and company compliance management software, have announced it now accepts Bitcoin for payment of its CAS 360, Simple Fund 360 and Simple Invest 360 annual software subscriptions.
“We are very excited to offer our clients the option to pay their annual software subscriptions with Bitcoin,” said Ron Lesh, BGL’s Managing Director.
“From today, BGL clients will be able to pay into our Crypto Wallet thanks to our partnership with Australia’s own cryptocurrency exchange, Cointree. Clients will simply click a link on our invoices and complete the transfer.”
Cointree provides an outstanding cryptocurrency exchange experience and is a go-to for many Australians buying, selling or trading cryptocurrency – especially first-time traders.
“With cryptocurrency continuing to grow in popularity, our partnership with Cointree provides an easy way for BGL to offer subscription payments in cryptocurrency,” added Lesh.
Cointree is the first exchange to join the BGL Ecosystem providing Simple Fund 360 and Simple Invest 360 clients an easy way to process cryptocurrency transactions, value and keep track of their portfolio and help with the calculation of CGT events for SMSFs, trusts, companies and individuals.
Cointree’s CEO, Jess Renden said, “We’ve been helping Australians access crypto since launching in 2013 and are proud to partner with a forward thinking organisation like BGL.”
“Consumers have embraced cryptocurrency in recent years and it’s becoming more common for people to use it as a means to pay bills, so when BGL wanted to offer its customers a way to pay bills our team were ready to help find a solution,” added Renden.
BGL and Cointree also co-developed NBOC; an Australian-based solution providing a daily price feed for hundreds of cryptocurrencies. NBOC’s exclusive daily automated data feed provides BGL’s Simple Fund 360 and Simple Invest 360 clients with up-to-date prices for cryptocurrency for SMSFs, companies, trusts and individuals. The cryptocurrency valuation is used for calculating values for financial reports and member balances.
