Prismm Environmental now accepting payment in Bitcoin

Prismm Environmental has begun using Bitcoin.  The company is accepting payments against invoices in the currency, and will shortly pay for a paper load in Bitcoin too. 

Managing director Mike Jackson explained the move: "Bitcoin is a safe and encrypted way of transferring money across the world avoiding transaction fees and avoiding foreign exchange commission, with instant transfer of the funds. For a company like Prismm Environmental, we could save thousands of pounds if all of our payments and revenue was in Bitcoin rather than traditional payments such as UK sterling or US dollar. When we are trading recyclable materials, we are buying in the UK and selling into global markets, so transaction fees and foreign exchange commission adds cost to the business. Bitcoin is a super easy way for us to avoid these fees.” He added: “We will accept payment in Bitcoin for everything we do, and this year we are offering our staff the option to receive their Christmas Bonus in either Bitcoin or GBP. Who knows one day we may be paying all salaries in Bitcoin as well."