Fun

American Home Warranty Company to Accept Crypto Payments, Plans to Add BTC to Investment Portfolio

News Feed - 2021-03-11 09:03:09

American Home Warranty Company to Accept Crypto Payments, Plans to Add BTC to Investment Portfolio


Following in the footsteps of Tesla, the home warranty company American Residential Warranty (ARW) says it will accept cryptocurrency payments for its services. In addition, the company also plans to acquire and hold bitcoin as part of its strategy “to expand its investment portfolio and boost returns on cash.”


In his statement following the announcement, Josh Brauser, the company’s chief revenue officer said that by adopting crypto payments, ARW is demonstrating that it is a “tech-forward company that adapts quickly to emergent technologies.”


“As businesses around the world embrace this new era of global currency, at American Residential Warranty we are proud to continue being an innovator in the home warranty space with plans to accept bitcoin payments from our increasingly tech-savvy customers,” added Brauser.


Concerning the Boca Raton-based company’s plan to add bitcoin (BTC) to its balance sheet, the statement reveals that ARW, which offers its services in all of the 50 U.S states, will be working with the crypto exchange, Gemini. The exchange will be handling custodial services for American Residential Warranty.


Furthermore, the statement hints that BTC, which has grown by more than 300% in the past 12 months, is an asset that fits the profile of securities that ARW wants to invest in.



By embracing BTC and crypto payments, the U.S. firm ARW joins the growing list of companies and prominent individuals who have made the same decision. Meanwhile, companies keeping bitcoin and ethereum on their balance sheets is also trending internationally.


What is your impression of ARW’s decision to embrace BTC? Tell us what you think in the comments section below. Spanish Real Estate Agency Begins Accepting Bitcoin Payments for Properties in the Canary Islands FINANCE | 2 hours ago JP Morgan Launching Crypto Investment Product Tracking Public Company Stocks With Bitcoin Exposure FINANCE | 16 hours ago Tags in this story American Residential Warranty, Balance Sheet, Bitcoin hodlers, Bitcoin Payments, Bitcoin Tesla, BTC, crypto exchange, Gemini, global currency


Image Credits: Shutterstock, Pixabay, Wiki Commons Use Bitcoin and Bitcoin Cash to play online casino games here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Gary Gensler Outlines What to Expect From SEC on US Crypto Regulation
Gary Gensler Outlines What to Expect From SEC on US Crypto Regulation The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined what to expect f
Polkadot Lays Out Its Plans for Parachain Rollout as the Token’s Price Climbs
Polkadot Lays Out Its Plans for Parachain Rollout as the Token"s Price Climbs The price of Polkadot’s native token hit an all-time high (ATH) this week, so
Defi Trader Pockets $250k From Bug Exploit, Hints at Possible Exit Scam by $SYFI Devs
Defi Trader Pockets $250k From Bug Exploit, Hints at Possible Exit Scam by $SYFI DevsAn anonymous Defi trader says he gained almost $250 000 after inadvertently exploiting a rebase
Biggest Movers: AXS Falls Lower Following Hacks, While ZIL Climbs by Over 50%
Biggest Movers: AXS Falls Lower Following Hacks, While ZIL Climbs by Over 50% AXS was trading lower on Wednesday, after it was reported that the Axie Infinity network Ronin suffere
Dogecoin Price Could Soar To $23 Based On These Bullish Fractals
Este artículo también está disponible en español. The Dogecoin price has struggled to build on its bullish momentum over the past few weeks, sinking to as low as $0.267 o
Federal Reserve Bank President: Bitcoin Has No Legit Use Case — Crypto Is 95% Fraud, Hype, Noise, Confusion
Federal Reserve Bank President: Bitcoin Has No Legit Use Case — Crypto Is 95% Fraud, Hype, Noise, Confusion Minneapolis Federal Reserve President Neel Kashkari
Bitcoin’s sudden 7% retreat sees $660M in liquidations in 1 day
Martin Young3 hours agoBitcoin’s sudden 7% retreat sees $660M in liquidations in 1 daySome suggest a waning ETF narrative and economic data from the United States may have sparked the sudden crypto sell-off.9826 Total
Former British Chancellor’s crypto firm Copper launches tokenized securities platform
Ana Paula Pereira4 hours agoFormer British Chancellor’s crypto firm Copper launches tokenized securities platformCopper plans to use its arm in the United Arab Emirates, Copper Securities, to capitalize on the demand o
China’s Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital Controls
China"s Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital ControlsA recent study published by Amun researcher, Eliézer
X faces controversy over using user data for training AI chatbot Grok: Report
Ciaran Lyons1 hour agoX faces controversy over using user data for training AI chatbot Grok: ReportSeveral X accounts have made comments on the social media platform"s default setting that allows user"s data "to tra
9 Out of the Top 12 Crypto Assets Are Down 70% to 90% Lower Than the All-Time Highs Recorded Last Year
9 Out of the Top 12 Crypto Assets Are Down 70% to 90% Lower Than the All-Time Highs Recorded Last Year 274 days or roughly nine months ago, the crypto economy was worth $2.34 trill
India Freezes Peter Thiel-Backed Vauld’s Crypto and Bank Assets Worth $46 Million
India Freezes Peter Thiel-Backed Vauld"s Crypto and Bank Assets Worth $46 Million India’s Enforcement Directorate (ED) has frozen crypto exchange Vauld’s crypto and b