Westminster Security is now accepting Bitcoin and other cryptocurrency payments. After thorough research, we believe that we are the first private security company in the world to offer this!
As cryptocurrency has become increasingly popular through mass adoption and investment by large institutions, public interest, and accessibility we wanted to offer our clients a modern, safe, and more efficient alternative to fiat money (cash). Crypto is a swift, and secure option when paying for our services.
Critics of Bitcoin disapprove of the decentralised, untraceable nature of the virtual currency. However, as a leader in private security, we are always striving to better secure our clients, their assets, and interests. Accepting cryptocurrency provides an additional level of security and privacy to our globally active, and security-conscious clients. Blockchain technology is said to be unhackable and we believe digital currency is the future for global currencies in an ever-growing cashless society.
Central banks around the world are racing to develop their own digital currency to rival Bitcoin, even the Bank of England recently announced that they are looking into developing a digital currency, nicknamed the “Britcoin”. El Salvador has just become the first country to adopt bitcoin as legal tender. This certainly backs our thesis. Cryptocurrency is especially attractive when making large or regular cross-border payments seamlessly whilst on the move.
Privacy-conscious customers can rely on the anonymity of cryptocurrency payments. Also, the decentralised coins and tokens are accessible to everyone anywhere in the world with an internet connection whereas banks can pick and choose who they deal with. Spooked by the meteoric rise and adoption of cryptocurrency some banks are refusing to allow you to deposit funds onto crypto exchanges, even closing personal and business accounts for such activities. We strongly believe that our in-depth client vetting procedures mitigate any risk to the greater good.
What is cryptocurrency?
Bitcoin’s value versus the British Pound fluctuates just like any currency exchange rate. Still, our clients will always pay a price that equates to our service’s actual GBP value, but in a crypto coin or token of their choice (any of the top 10 by market cap). Another benefit is that cryptocurrency fees tend to be lower than international bank transfer fees, and most definitely quicker!
As the first private security company in the world to accept Bitcoin in return for our services, we hope to inspire other private security companies to seize the technology, privacy, and security advantages that accompany cryptocurrencies.
Westminster Security provides private security services including close protection, residential security, event security, surveillance and private investigations in London, the UK and Worldwide.