Dubai, UAE: SFM Corporate Services announces acceptance of cryptocurrency as payment for business formation corporate services. SFM, a company formation specialist, enables investors and entrepreneurs to establish a company online in a matter of minutes in any of around 25 international jurisdictions.
Cryptocurrency is the electronic payment form that uses blockchain technology to enable its use as a payment method. Blockchain technology is the trailblazing innovation in finance dominating global headlines making cryptocurrencies a new asset class.
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 are traders and investors who prefer using the same cryptocurrency to purchase our services, eliminatingthe hassle of currency exchange andlengthy international bank transfers.”
“SFMstrive 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 onboarding them.” added Afshar.
Bitcoin, Ethereum, Bitcoin Cash, and Litecoin are among the 4 major cryptocurrencies accepted by SFM. The company already accepts all major payment methods, and the acceptance of cryptocurrencies is a testament to SFM’s leadership and foresight in the industry.
Owiss Refaat, Chief Operating Officer of SFM Corporate Servicessaid, “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.”
Since announcing their acceptance of cryptocurrency payments, SFMexperienced a 10% increase in business formation applications. Clients interested in taking advantage of this service can do so seamlessly through the SFM app, after registering for any new service online on the company’s website or through their recently launched Client Portal App.
SFM is a corporate and trust service provider operating in UAE, Seychelles, and Hong Kong, servicing over 25 international jurisdictions. Home to the UAE’s most experienced consultants, trusted advisors, and distinguished partners, SFM unlocks an expansive network of professionals to support a seamless business set up experience.
SFM helped structure over 2,000 businesses in the UAE, 6,000 in Seychelles, and 1,500 in Hong Kong. With over 15 years in the UAE and a legacy of Swiss excellence, SFM’s local expertise and digitalinnovations unlock opportunities to deliver a smooth experience every step of the company registration process.
For more information on SFM please visit: https://www.sfm.com/
For further information, please contact:
© Press Release 2021