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Breaking news: Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

Intuit Expands Bitcoin Payment Service to Australia

Intuit has expanded its bitcoin merchant processing product PayByCoin to Australia’s small business segment.

Mar 12, 2015 at 5:24 p.m. UTC
Updated Sep 11, 2021 at 11:35 a.m. UTC

Financial management specialist Intuit is expanding its PayByCoin product to Australia.

Introduced in June, PayByCoin integrates bitcoin into the company’s Intuit QuickBooks service, enabling its small business merchant network to accept bitcoin.

Intuit indicated that the bitcoin service had performed better than expected in terms of enrolment, leading them to expand the program.

, PayByCoin was supported through an integration with payment processor Coinbase, though the latest update indicates it is now using BitPay’s platform API.

PayByCoin is a product of Intuit Labs, a unit of the business that allows small teams to work on private projects with the goal of spurring new innovations.

Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay.

DISCLOSURE

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.

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