Intuit Expands Bitcoin Payment Service to Australia

Intuit has expanded its bitcoin merchant processing product PayByCoin to Australia’s small business segment.

AccessTimeIconMar 12, 2015 at 5:24 p.m. UTC
Updated Aug 18, 2021 at 3:44 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Financial management specialist Intuit is expanding its PayByCoin product to Australia.

Introduced in June, PayByCoin integrates bitcoin into the company’s Intuit QuickBooks service, enabling its small business merchant network to accept bitcoin.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Intuit indicated that the bitcoin service had performed better than expected in terms of enrolment, leading them to expand the program.

    , PayByCoin was supported through an integration with payment processor Coinbase, though the latest update indicates it is now using BitPay’s platform API.

    PayByCoin is a product of Intuit Labs, a unit of the business that allows small teams to work on private projects with the goal of spurring new innovations.

    Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.