Taylor Wessing claimed a world first last week when it announced that staff are to be incentivised by the award of crypto tokens. But what about clients paying in crypto – is that still a thing?
Yes indeed. Another first was claimed by gunnercooke 18 months ago when the commercial firm said it would begin accepting payment for services in crypto-assets such as ether and bitcoin.
Not only does gunnercooke continue to accept crypto, a spokesperson told us, giving clients the option has actually boosted the bottom line.
‘We are very much accepting payment in crypto and receive payments monthly in crypto from some of our clients who are on a retainer,’ she said. ‘The option is particularly popular among staking companies, as well as the DeFi community. The most popular crypto-asset we receive payment in is USDC, with ETH being the second most popular.
‘Enabling clients has boosted profitability for the firm, however for us the more important consequence has been to enable us to take a genuinely client-centric approach. We see ourselves as driving value in the community generally as responsible actors, rather than simply focusing on profit.’
Obiter, a luddite who started out in journalism with a typewriter and a bottle of Tippex, only understands cold, hard cash (to our cost, perhaps, given galloping inflation).
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