Verady Unveils Ledgible Accounting Partnerships With Blockchain.Com and Algorand – AiThority

Posted: May 7, 2020 at 1:41 pm

Verady, the leading cryptocurrency tax and accounting software company, announced two major Ledgibleplatformclients, and Algorand. The accelerated adoption by two prominent blockchain organizations highlights theLedgibleplatforms adaptability, security, and trusted brand within the cryptocurrency space.Ledgibleadds a necessary financial infrastructure component to both organizations as they expand their offerings.

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Algorand, a next-generation blockchain platform that enables the frictionless exchange of value, will leverageLedgiblefor internal accounting and auditing. In addition,Ledgiblewill be integrating ALGO into its software, so that all holders of the native token of the Algorand platform (managed by the Algorand Foundation) will have integrated accounting. Thisexpands the growing suite of digital financial products and services that are available to Algorand users.

Algorands next-generation blockchain technology is already breaking new ground with notable applications like the worlds first central bank digital currency.Ledgiblesintegration for institutional level financial management and reporting helps to further innovations like these that advance the crypto industry as a whole.

New product and service offerings, likeLedgiblesprofessional-grade accounting can leverage blockchain technology to spur mainstream adoption. As these solutions become more widely available and accessible, they will become as familiar as traditional financial solutions.

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WithLedgiblesability to perform AICPA SOC assured tax, accounting, and reporting of cryptocurrency activity, and Algorand now have reliable, secure insight into their crypto financial transactions.

As one of the oldest crypto companies and one of the largest crypto exchanges with more than 48 million wallets in 140 countries with over 100 million transactions to date our accounting needs are immense, said a spokesperson for WithLedgible, weve found a platform that meets our institutional standards and brings best-in-class speed to our financial reporting and tracking.

One of Algorands goal is to enable enterprises to easily embrace the opportunity that blockchain provides, said W. Sean Ford, COO of Algorand. Broadly applicable financial reporting tools likeLedgible Accountingfurther that goal. Were excited to partner with Verady to not only account for our own assets, but to provideLedgible Accountingto our partners who are helping to develop and grow the Algorand blockchain.

Verady is determined to help move the cryptocurrency industry forward with advanced, secure, and intuitive reporting tools. In a rapidly changing economic landscape, were glad to work alongside leaders in the industry to make crypto more accessible, said Kell Canty, co-founder and CEO of Verady.

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Verady Unveils Ledgible Accounting Partnerships With Blockchain.Com and Algorand - AiThority

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