Posted 11 Jan 2014
My firm has decided to start accepting payment via bitcoin. We had our first bitcoin transaction yesterday from a client that just so happens to be in the bitcoin space. The firm decided to go with Coinbase as our “international digital wallet”.
The firm made the decision to accept bitcoin since we represent tech savvy individuals and entities, many of which are international clients. International wires tend to have transactions costs and sometimes take too long. Of course, there is an exchange rate risk, but we like to think we’re at least half as risk-loving compared to our clients.