UK media firm moves to accept bitcoin

Sheridans, the London media and IT specialist, is responding to the requests of clients by accepting bitcoin.

Sheridans is now accepting the bitcoin. 123dartist

The value of the virtual currency bitcoin fluctuates rapidly so the firm has introduced a 15-minute acceptance system for clients to agree the exchange rate. When clients decide they want to make a payment they are given an exchange rate quote from sterling to bitcoin which is then valid for a quarter of an hour. Eitan Jankelewitz, an associate in the digital media group, told Legal Futures that they were aligning the price to sterling so that there was only a small volatility risk. Bitcoin is an international, virtual currency through which payments are made immediately. It is also very difficult to trace the donors and recipients of bitcoin transfers. Source: Legal Futures

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