ZenLedger partners with BitPay for crypto payments
Cryptocurrency tax software and blockchain analytics firm ZenLedger cooperates with the provider of crypto payment services BitPay to offer digital assets as payment methods for goods and services.
By adding cryptocurrency to its payment options, ZenLedger is able to lower transaction fees while increasing transparency and efficiency, according to a press release Wednesday (October 5).
“As a brand designed to support traders and those at the forefront of Web3 innovation, the decision to accept crypto payments using BitPay was an easy one,” said Pat LarsenCEO and co-founder of ZenLedger.
“Our ultimate goal is to always facilitate the crypto experience for our users to save time and money. That means everything from tracking their transactions, to offering them the ability to use those funds for our services. We believe in long-term growth and innovation in the industry, so this is the next step in making things easier for our customers, Larsen added.
According to the press release, ZenLedger’s dashboard displays transaction information across thousands of exchanges and cryptocurrencies, including non-fungible tokens (NFT), decentralized finance (DeFi) and digital wallets. It provides tools for accounting, taxation and auditing.
A report by PYMNTS and BitPay showed that interest in cryptocurrencies varies with income. Mmore than 43% of respondents who described themselves as living paycheck to paycheck with trouble paying the bills said payment was their main motivation for dabbling in digital currencies, while about 60% of those living comfortably said they did as an investment. to make money.
By age group, the percentage who report being very or extremely likely to buy crypto in the next year: boomers and seniors, 7%; Gen X, 28%; Bridge Millennials, 38%; Millennials, 42%; Gen Z, 27%.
See also: PYMNTS Report: 60% of affluent consumers still buy crypto as an investment
New PYMNTS study: How consumers use digital banks
A PYMNTS survey of 2,124 US consumers shows that while two-thirds of consumers have used FinTechs for some aspect of banking, only 9.3% call them their primary bank.
