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Crypto Currency Write For Us

Crypto Currency

Some companies use crypto currency to facilitate payments. One avenue to reduce fees is to convert in and out of crypto to fiat currency to receive or make payments without actually touching it. In other words, the company is taking a “hands-off” approach that keeps crypto off the books.

Enabling crypto payments, such as bitcoin, without bringing them onto. So, the company’s balance sheet may be the easiest and fastest entry point into the use of digital assets. It may require the fewest adjustments across the spectrum of corporate functions and may serve immediate goals, such as reaching a new clientele and growing the volume of each sales transaction. Enterprises adopting this limited use of crypto typically rely on third-party vendors.

The third-party vendor, acting as an agent for the company, accepts or makes payments in crypto through conversion into and out of fiat currency. This may be the most straightforward option to pursue. And, in all likelihood, it may cause relatively few disruptions to a company’s internal functions since the “hands-off” approach keeps crypto off the corporate balance sheet.

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The third-party vendor, which will charge a fee for this service, handles the bulk of the technical questions and manages some risk, compliance, and controls issues on behalf of the company. However, that does not mean that the company is absolved from all responsibility for risk, compliance, and internal controls issues. Companies still need to pay careful attention to issues such as anti-money laundering and know your customer (AML and KYC) requirements. And, of course, they also need to abide by any restrictions set by the Office of Foreign Assets Control (OFAC), the agency that administers and imposes economic and trade sanctions imposed by the US government.

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Bitcoin Magazine strives to present accurate, timely, and relevant material to the Bitcoin and blockchain communities. And also, we are passionate about Bitcoin and ready to share news about the people, companies and technological developments changing our world. Whether our readers are new to the space or experienced blockchain developers, investors, or entrepreneurs, our goal is to inform and enlighten them with quality stories that meet our strict editorial and journalistic standards, featuring the ups and downs of the Bitcoin industry.

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However, bitcoin magazine accepts original and unpublished content on Bitcoin and related topics like economics, politics, and culture. At the beginning of 2019, we stopped publishing content that does not focus on Bitcoin (also known as “Bitcoin Core” or “BTC”). We will make exceptions for submissions that are not directly about Bitcoin (i.e. regulation, investment, privacy). Still, they will need to provide transparent information relevant and required to a Bitcoin-focused audience.

Bitcoin Magazine publishes content in multiple formats (live streams, podcasts, articles, memes, etc. But generally prefers to accept article content written by outside contributors.

We welcome guest posts from industry experts and thought leaders who focus on Bitcoin. Like any news article, guest post submissions are considered on their merit and relevance to our readers.

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