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Financial Commission Announces Acceptance of Cryptocurrencies as Payment for Services

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

“Following the launch of our ICO Certification service last quarter, and our certification of Genesis Vision, it was a logical step to accept cryptocurrency as a payment method for the services we provide to companies” – Peter Tatarnikov, Chairman, Financial Commission

The Financial Commission (FinaCom PLC), a leading independent member-driven external dispute resolution (EDR) organization for international online brokerages that participate in global foreign exchange (forex), derivatives, and cryptocurrency markets, today announces acceptance of Bitcoin and Ethereum as a payment method for companies using Financial Commission services.

Invoices payable in Bitcoin or Ethereum

The range of compliance services offered by Financial Commission to existing members and third party companies, including membership and technology certification, are typically paid in either US dollars, Euros, or other equivalent amount of fiat currency.

Companies now have the option to pay their Financial Commission dues and related service fees in Bitcoin or Ethereum, and with more supported cryptocurrencies expected to be made available before the end of the year.

Blockchain Economy

Financial Commission acknowledges the emergence of the digital asset economy and the importance of vendors being able to accept and remit digital assets for the purpose of payment for services, and following the launch of its ICO Certification service aimed to help Financial Technology (Fintech) companies.

Financial Commission Chairman, Peter Tatarnikov, said: “Following the launch of our ICO Certification service last quarter, and our certification of Genesis Vision, it was a logical step to accept cryptocurrency as a payment method for the services we provide to companies.”

“The ability to accept and remit cryptocurrencies is an important first step for companies participating in the new blockchain economy, and Financial Commission is pleased to support companies that wish to use their digital assets, including bitcoin and ethereum, as payment for our services.”

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