Key factors and considerations for organizations seeking to implement a cryptocurrency-based payment system.
Examine and walk through the primary considerations that any company seeking to implement a crypto payment system will need to keep in mind. Specific steps, the opportunities, and the challenges connected with implementing a crypto payment system. Documenting accounting implications. External resources will be provided in order additional context and information.
Practitioners at all levels of the accounting function.
Identify key components of any crypto payment system. Recognize opportunities connected to a crypto payment system. Recall some of the challenges linked to crypto payments. Distinguish the types of crypto assets that can be used for crypto payments. Indicate the accounting issues linked to implementing a crypto payment system.
Dr. Sean Stein SmithCPA, CMA, CGMA, CFE is a is a recognized thought leader in the profession and is constantly striving to make a difference for current and future professionals, including his service on the Financial Literacy Commission, and numerous appearances focusing on how individuals get a better handle on their personal finances. Additionally, Sean’s service on the Board of Governors at Fairleigh Dickinson University – the largest private university in the state of NJ - provides Sean with an opportunity to make a different for students enrolled in college in a positive and tangible manner.
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