Key Considerations For Setting Up A Crypto Payment System
1.00 Credits
Member Price $55
Non-Member Price $75
Overview
Key factors and considerations for organizations seeking to implement a cryptocurrency-based payment system. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Highlights
The major topics covered in this class include:
- 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
Prerequisites
None
Designed For
Practitioners at all levels of the accounting function
Objectives
After attending this presentation you will be able to...
- 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
Preparation
None
Leader(s):
Leader Bios
Sean Smith Dr., CPA Crossings, LLC Two Commerce Square
Dr. Stein Smith is an expert and sought-after speaker focusing on the intersection of financial services, blockchain, and cryptocurrencies. He is a regular contributor to the official IBM’s Blockchain Unleashed website, analyzing applications for blockchain technology on business at large, as well as being a regular expert guest on China Global TV Network discussing blockchain and related applications. Sean is a member of the Advisory Board for the Wall Street Blockchain Alliance, which coordinates with the AICPA in developing standards and reporting frameworks in this emerging area. Sean continuously works with and consults for the AICPA and several professional training organizations in the creation and delivery of blockchain and cryptocurrency related content. Additionally, his analysis and thought leadership in the blockchain and cryptocurrency area have been featured in dozens of articles, including a 2018 feature article in the CPA Journal. Sean has given dozens of presentations of blockchain technology, both domestically and internationally. He is currently under contract to publish two full length books focusing on blockchain applications for financial services and other industry sectors. Sean was named a CPA Practice Advisor 40 under 40 in the accounting profession in 2017 and 2018 and was a member of the 2017 AICPA Leadership Academy. He was also awarded the Institute of Management Accountants Young Professional of the Year Award in 2016 and selected as a 30 under 30 by the NJCPA in 2015. He currently serves on the Fairleigh Dickinson University Alumni Association Board of Governors.
Non-Member Price $75
Member Price $55