Frank has announced today that it will become the first UK PR agency to accept payment for its services in Bitcoin, the virtual currency.
The agency expects its move to prompt other agencies to accept cryptocurrency payments, making it easier and more convenient for clients to conduct business.
“We have started to take on and get a lot of interest from clients in and around the fintech sector,” explained Graham Goodkind, Frank CEO and founder. “We therefore felt it was appropriate that we started to offer a choice of methods of payment to include Bitcoin.
“In the near future, we also expect that some of our suppliers, and who knows maybe even our staff, will request payment in Bitcoin too.”
He added: “I think one of the main advantages for accepting Bitcoin for a marketing services business such as ours is its positive effect on cashflow. Because of the volatility of Bitcoin, payment needs to happen practically immediately upon the invoice being issued. That considerably helps operations.”
Bitcoin will be accepted at Frank’s offices in London, Manchester, Glasgow and Sydney, Australia.