QuickBooks Online announced that it has become the first cloud accounting solution to enable small businesses to accept Bitcoin payments through its new service.

Made possible by an integration between QuickBooks Online and Bitcoin wallet service Coinbase, PayByCoin is now available as a free add-on to small business operators using QuickBooks Online to generate electronic invoices.

Through the service, business operators register with CoinBase and link their wallets to their existing QuickBooks Online account. Then when a customer receives an invoice, they can pay by traditional methods or by Bitcoin.

There is currently no fee for this new service or for small businesses that use Coinbase.

More information on the PayByCoin service is available here