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Firm takes cryptocurrency

A London-based private security company is accepting Bitcoin and cryptocurrency as a form of payment. Westminster Security Ltd has ex-police and military personnel providing close protection, private investigation and surveillance and residential manned guarding.

It’s already joined the London Living Wage Scheme, and has signed a pledge to the Armed Forces Covenant. Briefly, Bitcoin is a digital or virtual form of currency (cryptocurrency), secured by cryptography, meaning that only the intended recipient of the data can read and process it, to combat counterfeits or double-spending.

John Moore, managing director of Westminster, said: “My continued vision for Westminster is that we are constantly evolving, innovating and future-proofing, and with continuous improvement we find ways to add value which ensures that we deliver an exceptional client experience. Our acceptance of Bitcoin and cryptocurrency demonstrates this and shows that we are ahead of the curve as the first private security company in the world to use and accept it as a form of payment.

“We already have many clients who use and invest in cryptocurrency and we are happy to offer them this option to pay for our services with the method they prefer. As standard, it will give our clients greater choice and peace of mind. Our ethos is to protect people, their assets and interests. In this respect cryptocurrency certainly meets that criteria to us as a business and to the individuals that we protect.”



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