SFM corporate services, a Dubai-based company, announced the acceptance of cryptocurrency as payment for business formation services. The company enables investors and entrepreneurs to incorporate a business in any of about 25 foreign jurisdictions. Cryptocurrency is capturing a bigger share of the trading market, allowing traders and investors to increase their capital and generate more revenue. Bitcoin, Ethereum, Bitcoin Cash, and Litecoin are among the four major cryptocurrencies accepted by SFM.
Since announcing their acceptance of cryptocurrency payments, SFM experienced a 10 per cent increase in business formation applications. Cryptocurrency has been gaining popularity globally. The markets have begun to recognize the benefits of digital currency, particularly considering pandemic. As a result, several businesses have started to accept cryptocurrencies as an alternative payment method. Earlier this month, Skin111 Clinic, an aesthetic and medical services provider, announced a strategic collaboration with Idoneus, a blockchain-based luxury asset ecosystem that will allow clients to pay for customized medical and wellbeing treatments in IDON Tokens.