Blox, a crypto tracking, management, and accounting platform, announced on Wednesday it has formed a partnership with Dash to provide crypto accounting services and solutions through the Blox SaaS platform. Blox reported it has developed a platform that intelligently and automatically tracks crypto assets and transactions, helping professionals, accountants, and businesses with organizing, monitoring and managing millions in assets under management (AUM). The company further explained:
“The platform was built specifically to allow businesses to save on costs, time and resources while keeping them securely connected to their crypto assets anytime and anywhere. In a world where one human error can affect your bottom line, Blox removes the potential for human error for those relying on outdated spreadsheets for crypto asset and transaction tracking. As more crypto and traditional companies continue transacting and operating with cryptocurrencies, the need to offer smarter solutions dedicated to businesses and enterprises is instrumental for the future of cryptocurrencies.”
While sharing more details about the partnership, Alon Muroch, CEO and Co-Founder of Blox.io, stated:
“Crypto accounting and bookkeeping is a very new term that most companies are unfamiliar with. It is natively complex, especially for navigating taxation, cost basis calculations and even to organize portfolios and accounts. By partnering with Dash, we enable them with powerful productivity tools and the best-in-class solutions built to serve their specific requirements.”
Ryan Taylor, CEO of Dash Core Group, went on to add:
“One of the significant barriers to adoption of cryptocurrencies in businesses is the added accounting complexity. It is important for businesses looking to utilize Dash to have access to tools to make the accounting tasks easier across all the services they use. Blox is helping to ease that burden, and our business users will undoubtedly welcome this addition to our ecosystem.”