Johnson, Morgan & White announced today that the company, a debt collection company headquartered in Palm Beach County, Fla. specializing in business to business collections, will begin accepting Bitcoin digital currency for payments of debts owed to its creditor clients.
Bitcoins, once regarded as the Twilight Zone of currency, has now seen a rise in companies accepting Bitcoins as payment including AMAZON, OVERSTOCK and even VIRGIN GALACTIC.
“We believe that accepting any payment method available is in the best interest of our clients. That is our main driver,” said Robert Cooper, the company’s owner. “If we make it easier for debtors to satisfy their obligations, ultimately our clients win.”
Cooper added, “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.”
The principals of Johnson, Morgan & White, a leading debt collection company, have successfully disposed of tens of billions of dollars in debts over their nearly 25 years in the debt collection industry.