Fundstrat Global Advisors, an independent Wall Street research organisation, is the first research firm to start accepting bitcoin from clients around the world.
Fundstrat has implemented BitPay, the largest global blockchain payments provider. Fundstrat is one of the few institutional macro research firms to publish and follow the digital assets/crypto-currency space, including bitcoin. And given the growing importance of crypto in digital payments, the firm will start accepting bitcoin payments as well. Its clients include institutional investors, wealth advisors, pension funds, and high net worth individuals that purchase research reports on various financial segments including crypto currency.
“Fundstrat found that accepting payments via BitPay is considerably simpler, faster and less expensive than bank wires,” said Thomas Lee, Managing Partner, Fundstrat Global Advisors. “Bitcoin payments make it easier for our clients, particularly those outside the US, by offering more options to pay for our research services without having to deal with the hassles of currency translation.”
“Bitcoin payments for businesses are making cross border transactions easier as Fundstrat is able to accept payments from clients in Asia, Africa, and Latin America that would have been nearly impossible before,” said Sonny Singh, Chief Commercial Officer of BitPay. “Fundstrat has a reputation of being innovative and being the first research firm to accept bitcoin only reinforces their reputation.”
Fundstrat clients who choose to pay in bitcoin today should reach out to the Fundstrat Client Manager to start making payments.
Fundstrat clients can skip costly, complicated cross-border wire transfers and receive or send international payments with BitPay with complete accuracy, zero fraud risk and quick bank settlement. Bitcoin payments dramatically reduce the friction, cost, and time of cross-border business to business payments.