BGL now accepting Bitcoin to pay for subscriptions

Australia’s leading provider of SMSF, investment portfolio and company compliance management software, BGL Corporate Solutions, will accept Bitcoin as payment for its CAS 360, Simple Fund 360 and Simple Invest 360 annual software subscriptions.

Ron Lesh, BGL’s managing director, expressed that they are “very excited” to offer this option to their clients.

“From today, BGL clients will be able to pay into our Crypto Wallet thanks to our partnership with Australia’s own cryptocurrency exchange, Cointree,” Mr Lesh said.

“Clients will simply click a link on our invoices and complete the transfer.”

Cointree is considered a “go-to” for many Australians involved in buying, selling or trading cryptocurrency, particularly first-time traders.

“With cryptocurrency continuing to grow in popularity, our partnership with Cointree provides an easy way for BGL to offer subscription payments in cryptocurrency,” Mr Lesh added.

Cointree joining the BGL Ecosystems marks it as the first exchange to do so. This is set to provide clients of Simple Fund 360 and Simple Invest 360 a more streamlined way to process cryptocurrency transactions, value and keep track of their portfolios while also helping with calculations of CGT events for SMSFs, companies, individuals and trusts.

Cointree’s CEO, Jess Renden stated “we’ve been helping Australians access crypto since launching in 2013 and are proud to partner with a forward-thinking organisation like BGL.”

Ms Renden added that consumers have “embraced” cryptocurrency in recent years, making it a more common way for people to pay for bills.

“When BGL wanted to offer its customers a way to pay bills, our team were ready to help find a solution,” Ms Renden said.

BGL and Cointree’s collaboration also extends to the co-developed NBOC. The Australian-based solution provides daily price feeds for hundreds of cryptocurrencies, as well as providing BGL’s Simple Fund 360 and Simple Invest 360 clients with up-to-date prices of cryptocurrencies involving SMSFs, companies, trusts and individuals.