Local real estate attorney Bryan G. Jeansonne kicked off the new year with a new way of doing business. On Wednesday, Jeansonne’s firm, Dore Jeansonne, began accepting the digital currency Bitcoin as a method of payment, along with more traditional modes of payment like credit cards and personal checks.
“A lot of people find it easier to use than regular currency,” says Jeansonne, explaining why his firm decided to begin accepting Bitcoin.
For those unfamiliar with the technology, Bitcoin is a four-year-old electronic currency that in many ways functions like any other currency. It was created by a software developer and is accepted as payment by a growing number of merchants, both online and in the real world.
What makes Bitcoin unique is that it is decentralized and no single institution controls the Bitcoin network. Jeansonne says for his clients there are a couple of potential advantages to using the digital currency.
“There are a lot fewer fees than payment processing companies like Paypal or even some credit card companies,” he says. “It’s also more stable than the currencies in some countries, so some international clients may want to use it for that reason.
” At the moment Dore Jeansonne has no foreign clients, though it has in the past, but Jeansonne says he is intrigued by the technology and that it would be worth trying out. “No one has paid us with it yet but it’s only been a couple of days,” he says. “We’ll see how it goes.”