Maybe you’ve heard of Bitcoin recently in the media. It’s quickly gaining popularity and we believe we are the most mainstream company to implement it with an actual business implication. We’ve hinted that it’s coming, but today we are excited to announce Expensify has added Bitcoin as a reimbursement option for your expense reports. Fans of digital, decentralized, crypto-currencies rejoice!
We see Bitcoin as more than just a gimmick. It is a great solution to a real world problem facing businesses today – international reimbursement. We think this is a big deal. Previously, our US companies with international employees or contractors were incurring currency conversion or wire transfer fees to the tune of 4% in some cases. To this end, Bitcoin is a great tool for minimizing the cost of reimbursing companies outside of the US. As a plus, transfers are secure and instant – no more waiting multiple business days for your ACH to clear!
We’ve set up our Bitcoin help page to walk you through getting set up with Bitcoin. If you have any questions about Bitcoin reimbursement or Expensify in general, please don’t hesitate to contact us at firstname.lastname@example.org. You can view the press release here: http://prn.to/11MzPwj.