The Washington Technology Industry Association (WTIA) announced recently that it now accepts cryptocurrencies as a payment option for membership, sponsorship, and select partnerships.

Michael Schutzler, CEO of the Washington Technology Industry Association (Photo courtesy of WTIA)

Cryptocurrencies enable safe and flexible transaction capabilities for businesses, WTIA said in a news release. The Seattle-based nonprofit organization will join other global companies headquartered in the region that are transacting with cryptocurrencies, including Microsoft, Expedia, Amazon’s Twitch, and law firm Perkins Coie, WTIA said.

“The world has undergone a remarkable digital transformation in less than two months in response to COVID-19,” Michael Schutzler, WTIA’s CEO, said in the release. “We need to be nimble and meet the needs of our members. Cryptocurrency reliably empowers businesses to transact instantly and securely at any time, from any place. This new policy will expand our reach globally and help build a stronger collective effort. This just made sense to do for the community, especially now.”

WTIA aims to position Washington state as a national leader when it comes to the evolution of blockchain, the release said. In 2019, WTIA launched the Cascadia Blockchain Council, a collective of blockchain subject matter experts advocating for needed public policy and stakeholder education.

“The Cascadia Blockchain Council is dedicated to making our region a global hub for blockchain development,” Arry Yu, chair of the WTIA Cascadia Blockchain Council, said in the release. “Encouraging innovation across the Pacific Northwest starts here at home. Accepting cryptocurrencies not only offers more flexibility when it comes to payments, but makes the many benefits of WTIA membership much more widely available.”