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Debt Collection Firm CIS Now Accepts Bitcoin for B2B Repayments

Corporate Intelligence Services said it launched the new repayment option to provide a better service to its "clientele."

Updated May 9, 2023, 3:15 a.m. Published Feb 2, 2021, 4:08 p.m.

Corporate Intelligence Services (CIS) is now accepting bitcoin as an additional form of payment in its commercial debt collections division.

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The U.S.-based investigative and collections firm announced Tuesday it has established a company digital wallet enabling it to begin accepting bitcoin for business repayments.
CIS, which has offices in Concord, N.H., and Atlanta, said it introduced the bitcoin options because it wants to use cutting-edge technologies to offer its "clientele" a better service.
"Bitcoin has become more and more accepted as a form of payment [and] has several advantages over checks and credit cards,” said Roger Barter, the co-owner of CIS.
“Transactions are instantly verifiable and are peer-to-peer without a third-party facilitator. [Peer-to-peer] transactions have significantly lower transaction fees,” he said.

Debt payments Bitcoin peer-to-peer CoinFlash

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.