Nasdaq listed shipping company Sino-Global (NASDAQ: SINO) is now accepting Bitcoin payments. A firm’s press statement indicates that the payment will apply to its global shipping, freight, and logistics services.
The development comes as the Bitcoin rally continues, with the asset hitting a new all-time high of $58,300. The surge has been motivated by institutional investments and crypto adoption by leading entities.
The statement adds that the Bitcoin payments will be at the rate applicable during the payment date. Sino-Global CEO Lei Cao notes that the company is leveraging Bitcoin’s rising popularity as a payment option.
“We are thrilled to begin accepting Bitcoin as payment. Sino-Global is adapting to digital currency industry trends by offering our customers options to use a variety of payment methods. Accepting Bitcoin amongst other payment methods will allow our customers and business partners to take advantage of an increasingly important payment network,” said Cao.
Following the development, Sino-Global stock was up by 10.37% in the last 24 hours by the time of writing.
