The trade represents the first of its type in the UK for bales of recyclable paper.
Prismm Environmental and Parry & Evans have become the first companies to trade recycled paper using Bitcoin in the UK.
Kent-based Prismm Environmental last week bought several loads of paper from Parry & Evans in North Wales using the crypto-currency Bitcoin to pay for the material. The trade represents the first of its type in the UK for bales of recyclable paper.
‘I hope this is the first of many transactions that take place in Bitcoin in the future.’ Prismm Environmental managing director Mike Jackson said, ‘We recently announced that we would be happy to trade in Bitcoin, and I am pleased that we have been able to do a deal with Parry & Evans.
‘Using Bitcoin worked for both of us as there was no transaction fee to pay, and they received instant and secure payment. It also shows the intention of both companies to collaborate on technology in future.’
Parry & Evans project development manager Lee Evans commented, ‘When Prismm Environmental offered to pay us using Bitcoin, we were more than happy to try it out. The advantage to us of knowing the payment was secure, and receiving it instantly meant that it made a lot of sense to us.’
