SFM allows cyrptocurrencies as payment for services

SFM Corporate Services allowed cryptocurrencies as payment for services. SFM, a company formation specialist, enables investors and entrepreneurs to incorporate a business in any of over 25 worldwide jurisdictions in a matter of minutes.

Cryptocurrency is a type of electronic payment that makes use of blockchain technology to make it possible to utilize it as a payment mechanism. Blockchain technology is the leading financial innovation, with cryptocurrencies becoming a new asset class as a result.

Reza Afshar, CEO of SFM Corporate Services said, “Today, Crypto currency 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 is traders and investors who prefer using the same cryptocurrency to purchase our services, eliminating the hassle of currency exchange and lengthy international bank transfers.”

“SFM strive to improve the ease of doing business in the UAE and one such area of improvement is the payment method. We have been monitoring cryptocurrency closely for the past few years and we have noticed the increased adoption of cryptocurrency in the market. Confidentiality and security are of primary importance to all clients and we complete a thorough due diligence check on each new client before on boarding them.” added Afshar.

SFM accepts four main cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. SFM now takes all major payment methods, and the addition of cryptocurrency demonstrates the company’s foresight and leadership in the sector.

Owiss Refaat, Chief Operating Officer of SFM Corporate Services said, “The UAE continues to cement its position as a leading business hub, and by accepting leading cryptocurrencies, we are facilitating market entry for key local and global players. While other online business providers are now doing a catch-up on crypto payments in the market, we have already integrated this payment method that gives us an edge over our competitors in the market and at the same time provides an instant payment method allowing our clients to access our services easily.”

SFM has seen a 10% rise in business formation applications since announcing its acceptance of cryptocurrency payments. Clients who want to use this service can do so quickly and easily by downloading the SFM app after enrolling for any new service on the company’s website or through their newly established Client Portal App.