Nearly everyday more and more businesses make the decision to accept bitcoin. Today, Florida-based Johnson, Morgan & White — a collection agency with a focus on business-to-business debts — announced they will begin to accept bitcoin for debt payments owed to creditor clients.
“We believe that accepting any payment method available is in the best interest of our clients. That is our main driver. If we make it easier for debtors to satisfy their obligations, ultimately our clients win,” Robert Cooper, the owner of the company, said.
Cooper said that “although Bitcoins have recently had bad press with a federal lawsuit and indictment regarding money laundering on the infamous SILK ROAD website as well as allegations of the financing of drugs, gambling, and prostitution, we felt that these were isolated incidents. Additionally, the instant payment aspect alongside the lack of bounced checks and/or credit card chargebacks made our decision simple.”
This, as far as we know, is the first debt collection agency to accept bitcoin payments. Could they be a trendsetter in the debt collections industry?