Prager Metis accepts bitcoin, grows digital assets practice
Prager Metis CPAs, a Top 100 Firm, has announced that it now accepts bitcoin and bitcoin cash as payment through a partnership with BitPay.
The firm is following in the footsteps of firms like PwC, the first of the Big Four to accept cryptocurrency as payment, and Armanino, which began accepting cryptocurrency as payment last year.
Payment in Bitcoin will work as a push payment originating from the client, who will send the exact amount owed in bitcoin or bitcoin cash. BitPay enables transactions from any computer or mobile device and currently operates over 50 different cryptocurrency wallets.
“With the increasing number of clients in technology, real estate, and broker companies exploring ways to mainstream cryptocurrency, the ability to foresee the future and implement the infrastructure necessary to accept the growth of cryptocurrency payments is important to our firm,” said Glenn Friedman, CEO of Prager Metis, in a statement. “We chose BitPay to manage our merchant processing because of their complete handling of the entire process, from getting the bitcoin or bitcoin cash from the customer to depositing funds into our account.”
“Prager Metis realizes the potential for cryptocurrency to transform the accounting industry, making payments faster, more secure, and less expensive on a global scale,” said Sean Rolland, director of product management at BitPay, also in a statement. “Our goal is to make accepting bitcoin and bitcoin cash a seamless process.”
Prager Metis is also growing its practice serving clients in the digital assets industry. The firm offers its expertise to tackle complex challenges that companies face with cryptocurrency and underlying technology, as well as the compliance requirements with these new and evolving markets. Services provided include blockchain advisory practice, management consulting, global corporate structuring and token tax, token economic and design, token sales advisory, branding and marketing strategy, and attestation services. Partner Brian Goldblatt and manager Peter Goodrich lead the Digital Assets Practice Group.