Stephen Silver Fine Jewelry is fortunate to be located in the heart of Silicon Valley at the forefront of technology. We tracked the adoption of cryptocurrencies for over a decade, and, before accepting these new forms of payment, we did extensive research on the best crypto processing partners. We chose to work with BitPay, the current industry leader, because of their robust system and KYC/AML (Know Your Customer/Anti-Money Laundering) compliance vetting process. In order to receive merchant authorization, BitPay’s compliance team performed an extensive review of our company. This included a detailed review of the company’s financial statements, vetted our internal KYC/AML process, and their legal and compliance teams interviewed our leadership team on multiple occasions. Furthermore, we only accept crypto payments from authorized BitPay approved wallets. Through this process, we are confident that we are compliant with all laws by accepting cryptocurrencies.
Blockchain and cryptocurrency technology are a part of our reality and future, and we are proud to serve our customers using new and emerging technologies. We responsibly embrace, learn how to work with, and adopt cryptocurrency in business practices for the greater benefit of commerce. Blockchain technologies and cryptocurrencies will continue to evolve, and, during that evolution, we are committed to the upholding the appropriate compliance measures to transact ethically and responsibly.
We confidently transact in cryptocurrencies, such as Bitcoin, Bitcoin Cash, and Monero.