Armanino Begins Accepting Cryptocurrency Payments

San Ramon, Calif.-based Armanino (FY18 net revenue of $267.2 million) is accepting payment in more than 1,000 cryptocurrencies, including Bitcoin, Ethereum, XRP, Litecoin and many other altcoins.

Armanino is also offering the firm’s proprietary block explorer and associated audit tools to clients, who include virtual currency exchanges, custodians and blockchain companies. Block explorer works with top public blockchains to analyze transaction and wallet details as well as digital signature validation tools to obtain independent and credible audit evidence, giving clients the most powerful and trustworthy platform for successful audits.

“With more fintech companies, banks and brokerages exploring ways to mainstream cryptocurrency, it made sense for Armanino to build the infrastructure necessary to accept cryptocurrency payments for what we expect to be a growing form of payment,” says partner Andries Verschelden, blockchain practice leader.

He adds, “As digital asset use and adoption increases and new types of transactions are made, such as security token offerings (STO) on public blockchains, the need for third-party assurance tools continues to grow. That’s where our block explorer and associated tools are already proving value to our internal teams and our clients alike.”

Armanino offers a breadth of industry-specific solutions to the blockchain and cryptocurrency communities. The firm has implemented a crypto onboarding service that includes preparing and consulting clients on the best practices, as well as the means to perform transactions in the new digital asset economy.

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