Bitcoins gain currency for Kelowna’s tech/gaming industries
Kelowna, BC – January 9, 2014 – Matthew Gustavson Chartered Accountanthttp://matthewgustavson.ca/ of Kelowna, BC believes it is the first such firm in the province to accept digital currencies as a form of payment for their services.
“As a resident of Kelowna for several years I have watched the tech and gaming sector grow exponentially,” said Matthew Gustavson, CA. “Accepting Bitcoin and Litecoin fits today’s business philosophy and helps us to differentiate our services and keep current on the taxation and financial reporting treatment for digital currencies.”
Bitcoins are accepted as a form of payment by an increasing number of mainstream services. In 2013 Bitcoins traded as high as US$1,100. It is estimated there are about twelve million bitcoins on the market today and bitcoin has reached a market capitalization of more than US$10 billion.
The virtual currency has been discussed in United States Senate committee hearings as a legitimate financial service.
“I’m delighted to do my bit (pun intended) to keep Kelowna on the map as a leading edge tech centre. I see a wealth of talent and opportunity in Kelowna and I hope that by accepting digital currencies I can be a part of that,” said Gustavson.
Matthew Gustavson Chartered Accountant provides clients with various tax and accounting services.
Matthew Gustavson, CPA, CA, ACA (United Kingdom) has been a resident of Kelowna for the past 8 years, focusing on small business accounting with expertise in personal, corporate and international tax. While articling with MNP LLP (formerly Meyers Norris Penney LLP), he achieved admittance to the Institute of Chartered Accountants of British Columbia. After articling, Matthew also gained admittance to membership with The Institute of Chartered Accountants of England and Wales.