Frank becomes first UK PR agency to accept Bitcoin payments

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.

Related Posts
Opinion: How challenger agencies can compete with the big agency networks
Barbara Bates, global CEO at Hotwire, highlights the key areas where challenger agencies can go the extra mile to compete with their larger counterparts. For a long time in [...]
60 Seconds with The Academy co-founder Mitch Kaye
60 Seconds with The Academy co-founder Mitch Kaye
Mitch Kaye, co-founder of The Academy, reveals why he and Dan Glover started their second agency, how the pair work together and his love of AFC Bournemouth. What made you [...]
Discover how PR can move from evolution to revolution
At CommsCon earlier this month, we heard a range of fantastic speakers articulate their view of what comms professionals can do to improve their output. They encouraged their [...]
Brendon Craigie Tyto PR
Opinion: Why “PR” is having a renaissance
Brendon Craigie, co-founder and managing partner at Tyto PR, examines why PR professionals are once again adopting the PR moniker. The public relations industry is in the [...]