In order for a commodity, bill or any other type of financial instrument to be considered a true currency it must be accepted as such by all members of society. A recent indication that this is the state bitcoin is entering comes from the UK where a local garbageman is now welcoming payments in the cryptocurrency.
Hearing about bitcoin and trash in the same sentence the first thing that pops to your mind is probably one of the stories about someone who threw away his hard drive containing a small fortune to the landfill back in the day and now laments its value. Two famous examples of this is Australia’s Campbell Simpson who disposed of 1,400 bitcoins and Wales’ James Howells who accidentally threw away 7,500.
However, a new story in bitcoin trash news emerges – a garbageman supporting the cryptocurrency for payments. British refuse and recycling company, Business Waste LTD, has announced it is the first in the nation to accept bitcoin. The York, England based operation is now open to payments in cryptocurrencies for its commercial waste contracts.
It’s logical that British companies should move into the 21st Century and process payments in whatever form that’s offered, company officials say. “Individuals and companies are trading in bitcoin and other virtual currencies all over the world,” says Business Waste spokesperson Mark Hall, “so of course we’re going to accept it from our customers.”
More Than Just a Gimmick?
It’s not a publicity stunt, and it’s not taking advantage of the current surge in bitcoin value, says Business Waste – it’s a logical business decision. “To us, it’s just another way to pay for our services. It’s just money,” Hall says. “We’re also accepting litecoin and ethereum.”
Regarding if it’s just tech companies who would pay in bitcoin the company’s spokesperson commented, “You’ll be amazed. Ordinary people are now both mining and trading virtual currencies, and they’re keen to use them to purchase goods and services. And we’re the first in this business sector in the world to accept them. So the answer is ‘every kind of company’. Bitcoin is mainstream now.”