SFM corporate services, a Dubai-based company, announced the acceptance of cryptocurrency as payment for business formation services. The company enables investors and entrepreneurs to incorporate a business in any of about 25 foreign jurisdictions.
Reza Afshar, CEO of SFM corporate services, said, “Today, cryptocurrency is capturing a bigger share of the trading market, allowing traders and investors to increase their capital and generate more revenue. A sizable share of our clients are traders and investors who prefer using the same cryptocurrency to purchase our services, eliminating the hassle of currency exchange and lengthy international bank transfers.”
Bitcoin, Ethereum, Bitcoin Cash, and Litecoin are among the four major cryptocurrencies accepted by SFM.
Since announcing their acceptance of cryptocurrency payments, SFM experienced a 10 per cent increase in business formation applications.
Cryptocurrency has been gaining popularity globally. The markets have begun to recognise the benefits of digital currency, particularly in light of pandemic. As a result, several businesses have started to accept cryptocurrencies as an alternative payment method.
Earlier this month, Skin111 Clinic, an aesthetic and medical services provider, announced a strategic collaboration with Idoneus, a blockchain-based luxury asset ecosystem that will allow clients to pay for customised medical and wellbeing treatments in IDON Tokens.