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Intuit Expands Bitcoin Payment Service to Australia
Intuit has expanded its bitcoin merchant processing product PayByCoin to Australia’s small business segment.
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.
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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.
Pete Rizzo
Pete Rizzo was CoinDesk's editor-in-chief until September 2019. Prior to joining CoinDesk in 2013, he was an editor at payments news source PYMNTS.com.
