The world's leading consignor in Thoroughbred sales, Taylor Made, has partnered with Dello, a Montreal fintech company, to offer cryptocurrency payments to their customers.
Taylor Made has been operating in the Thoroughbred business for more than 45 successful years, reaching sales of over $2.75 billion. As a company with a global presence, accepting cryptocurrency payments is a practical move. This step will continue to bolster their wide-reaching business while presenting their multinational clientele with more convenient payment options.
Mark Taylor, CEO of Taylor Made, said, "Taylor Made has clients from all over the world. We want to make things as easy as possible for them. Accepting crypto makes good business sense."
Dello enables sellers to accept cryptocurrency without ever having to convert it or handle it directly. Since the crypto payments are settled in local currency, the seller doesn't have to change the way they handle their accounting procedures. Also, by converting the crypto to local currency at the time of purchase, Dello guarantees the seller receives the exact amount they charged the customer, minus a small fee.
Olivier Benloulou, President of Dello, explained, "Dello provides merchants with a comfort zone for crypto acceptance. We eliminate concerns about price volatility and tax issues which have been two of the biggest barriers to the adoption of crypto-enabled payments. Our service enables merchants to venture into the world of crypto with fewer worries. It is an honor to work with a company like Taylor Made."
Sign up for BloodHorse Daily
Taylor Made will start accepting crypto payments this month for all of their services.
Download Today’s Edition
Subscribe FREE Today!
More BloodHorse+
Related Posts
