Rego-Fix accepts bitcoin for payment

The value of bitcoin has fallen more than 50 percent this year, but more than half of those who already own bitcoin and other cryptocurrencies said they plan on adding to their portfolios, MarketWatch Inc. reported.

This high level of interest in cryptocurrencies is grabbing the attention of companies across the gamut of industries, including metalcutting. For example, Rego-Fix Tool Corp., Whitestown, Indiana, now accepts bitcoin as payment for purchases of its Swiss-made tooling products. Checks, credit cards and Automated Clearing House will continue to be offered as payment options, with bitcoin added to provide additional convenience and to simplify payment processes for a global customer base, according to the company.

Bitcoin transactions operate independently of a central bank.

“We believe that cryptocurrencies will become a major force in national and international transactions,” stated Andreas S. Weber, president of Rego-Fix. “When it comes to manufacturing, we are a high-tech company. We want to expand that focus on technology to other aspects of our business, such as new forms of transactions between companies.”