Cryptocurrency accounting and audit company Verady has signed up to become a certified app partner with small business platform Xero. The deal was announced at Xerocon 2019. The API integration will automatically sync Xero with financial information directly from cryptocurrency transactions.
"Integration of crypto assets and transactions to traditional accounting is essential to the continued growth and adoption of cryptocurrency. Ledgible provides this pioneering capability to complement the Xero ecosystem," said Kell Canty, CEO of Verady.
This integration will allow Xero's small business customers and advisors to access the first cryptocurrency company integrated within the platform.
Verady’s Ledgible platform's integration with Xero is the latest in a series of enhancements made with the focus of meeting the crypto needs of accountants and businesses worldwide. The announcement follows other product additions including Stablecoin payment accounting and verification, advanced digital wallet support, as well as tools to manage multi-user role-based access for multiple accounts.