ProfitStance Announces Launch of Cryptocurrency Accounting and Tax Platform Beta
December 11, 2018
Crypto Investors Challenged by Inability to Easily and Accurately
Analyze Portfolios Now Have Solution
SALT LAKE CITY–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/CryptoAccounting?src=hash” target=”_blank”gt;#CryptoAccountinglt;/agt;–ProfitStance, the first comprehensive and fully automated accounting and
tax reporting solution for cryptocurrency investors, today announced the
launch of its invitation-only beta platform. Invitations containing
access codes will be sent out this week to thousands of wait-listed
investors, enabling recipients to immediately use the platform.
Additionally, as a thank-you to beta customers, ProfitStance also will
provide three bonus access codes to these investors, which can be sent
directly to friends and colleagues to provide them with immediate
platform access. In addition, ProfitStance will provide historical tax
documents (for all years in which a customer held cryptocurrency) free
of charge as a special one-time bonus for beta customers upon
payment for 2018 tax year documentation.
“We are thrilled to announce the launch of our beta platform, and
excited to unveil the tools we’ve developed,” said Corey Blaser, chief
executive officer, ProfitStance. “In a nascent ecosystem marked by
complexity, fragmentation and uncertainty around rules and tax guidance,
the potential for incorrect tax calculations and tax filings is high.
ProfitStance is solving this problem by providing an easy-to-use,
accurate and automated system that will give investors the peace of mind
they need and deserve.”
The ProfitStance platform currently supports 178 virtual currencies and
the most popular exchanges and wallets, which enables it to handle
nearly any cryptocurrency portfolio. The company is adding more
exchanges, wallets and currencies each day. The platform also provides a
frictionless experience for users via integration with wallets and
exchanges, and acts as a repository where users can securely aggregate
and analyze their crypto portfolios.
“We believe that in order for the cryptocurrency market to advance and
grow, intelligent infrastructure that enables investors to feel safe
about their information and confident about their compliance is
required,” said Alexis Callahan, ProfitStance’s EVP of investor
relations and partnerships. “We developed the ProfitStance platform to
satisfy these needs and to provide investors with comprehensive insight
into their crypto portfolios.”
Due to unprecedented pre-beta demand, the platform is not immediately
available to the general public, though the company plans to release its
full version in early January 2019. In the meantime, investors can sign
up for beta access (go to www.profitstance.com
and click on the sign-up button), which will place them on a wait list
and which will provide the same bonus access codes and historical tax
year documentation upon registration.
About ProfitStance:
ProfitStance is the premier accounting and tax solution for
cryptocurrency investors and provides a Software-as-a-Service (SaaS)
platform that serves both individual and corporate entities. Unlike
other offerings, users can rely on auditable and defensible records,
backed by a $1 million accuracy guarantee. With the launch of its
foundational service plan (and more under development), ProfitStance
offers crypto investors an accurate, correlated and comprehensive view
of their portfolio, regardless of where it is held or what virtual
currencies are included. For more information visit www.profitstance.com.
Contacts
Shannon Michael
SnappConner PR
801.205.6714
shannon@snappconner.com