Octagon Networks, a global cybersecurity network company with over 20 employees announced on Monday that it had “finished the process of converting its liquid assets and entire balance sheet into Bitcoin (BTC).”The group will also “start accepting Bitcoin payments for all of our services, with a 50% discount when paid in Bitcoin.”Today, Octagon Networks becomes the first cybersecurity company to convert it's entire balance sheet into #Bitcoin. Read More: https://t.co/32mcdlUEGu — Octagon Networks (@OctagonNetworks) June 5, 2022Cointelegraph spoke to the Ethiopian cofounders of Octagon Networks, who preferred to remain anonymous. Related: Why the rise of a Bitcoin standard could deter war-makingMoreover, Octagon Networks told Cointelegraph that within the cybersecurity industry, Bitcoin is well-respected. The term “Bitcoin standard” refers to an individual, business or company adopting Bitcoin in a way that puts Bitcoin first. El Salvador, for example, was the first country to adopt a Bitcoin standard.

Source: Ethiopian News June 07, 2022 18:32 UTC