Intuit, Inc. (INTU) Intuit Working on Bitcoin Integration into Quickbooks

The Bitcoin train hasn't left the station quite yet.

According to a post on the company's website, Intuit is working to integrate Bitcoin into Quickbooks. The following was recently posted by the company:

There are two major barriers that prevent typical small businesses from taking bitcoin payments:

1) They need a bitcoin wallet. With recent news about Mt. Gox in the media, trusting a third party bitcoin wallet provider can be scary.

2) They don’t want to deal with price volatility. When it comes to their revenue, small businesses just want to deal with dollars.

Enter QuickBooks Bitcoin Payments, a bitcoin service that enables small businesses to take bitcoin payments without ever having a bitcoin wallet or ever seeing any bitcoins.

With QuickBooks Bitcoin Payments, you:

* Only see dollars when you accept bitcoin payments.
* Pay less on all bitcoin transactions. Compare that to 1.75% to 2.75% + fees on card transactions.
* Never worry about chargebacks from fraudulent buyers. Chargebacks don’t exist in bitcoin.

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