Debt Collection Firm CIS Now Accepts Bitcoin for B2B Repayments

Corporate Intelligence Services said it launched the new repayment option to provide a better service to its "clientele."

AccessTimeIconFeb 2, 2021 at 4:08 p.m. UTC
Updated Sep 14, 2021 at 11:05 a.m. UTC

Corporate Intelligence Services (CIS) is now accepting bitcoin as an additional form of payment in its commercial debt collections division.

  • The U.S.-based investigative and collections firm announced Tuesday it has established a company digital wallet enabling it to begin accepting bitcoin for business repayments.
  • CIS, which has offices in Concord, N.H., and Atlanta, said it introduced the bitcoin options because it wants to use cutting-edge technologies to offer its "clientele" a better service.
  • "Bitcoin has become more and more accepted as a form of payment [and] has several advantages over checks and credit cards,” said Roger Barter, the co-owner of CIS.
  • “Transactions are instantly verifiable and are peer-to-peer without a third-party facilitator. [Peer-to-peer] transactions have significantly lower transaction fees,” he said. 

Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC