14 February 2022
Starting at the beginning of 2022, LRDG will be accepting cryptocurrency as payment for our services. We are excited to announce this, as we believe cryptocurrency is a viable medium that can provide our clients with flexibility in how they pay for online services. We hope that this choice will allow us to pursue new opportunities, and explore a disruptive new market. Cryptocurrency is becoming more popular in online transactions, and it would be our pleasure to do business with anyone who’s looking to utilize it.
What is Cryptocurrency?
For those who aren’t aware, cryptocurrency is a catch-all term for a decentralized, all-electronic currency system that allows you to pay for online services peer-to-peer. It is often created by a process known as “mining,” which involves a computer being used to solve a complicated formula and being rewarded with a block of “coins” as a result. Not all crypto-coins are mined, but big-name coins like Bitcoin and Ethereum are. Once mined or exchanged, the resulting coins are stored within the same complicated formula, known as a blockchain, a unified ledger spread across multiple disparate computers. Your access key to these coins is stored in a digital wallet, and is the only way you can access the coins.
The draw for most investors in cryptocurrency is the ability to avoid middle-men. Unlike fiat currencies, cryptocurrencies are theoretically immune to centralized financial institutions systems’ interference, manipulation, counterfeiting and double spending. As the network is spread across millions of computers and maintained in part by a mechanism called “proof of stake.” Proof of stake is a multifaceted system that ensures that cryptocurrency networks do not put all of their eggs in one basket, ensuring that energy costs, network usage and other pertinent facets are spread across the network. Theoretically, no one person controls the cryptocurrency system.
One of the most interesting things about cryptocurrency is that it is open-source. Open-source means the programming source code is open and accessible to the public. Just about anyone with a bit of programming expertise can make their own crypto coins, either by creating their own software or by modifying the source code of an existing cryptocurrency, and just about any crypto coin can take off. Indeed, there is a wide variety of cryptocurrencies in circulation at the moment, ranging from Bitcoin, Ethereum and their widely-established variants to smaller tokens that are still picking up steam. This makes cryptocurrency something of a speculative market; some coins will never acquire much value, but some can become truly valuable, useful methods of exchange.
Why should a professional marketing agency accept / adopt cryptocurrency?
What is the appeal for marketing? Well, here are some of the benefits.
Cryptocurrency opens up new demographics, offering an agency access to cutting-edge clients
Cryptocurrency is transparent, easier to track and more trustworthy
Cryptocurrency is secure, impossible to hack or steal
Cryptocurrency can serve as a balancing asset alongside traditional money
There is a very real demand for crypto, particularly among the ranks of up-and-coming stakeholders
What is LRDG’s policy on cryptocurrency?
We, at LRDG are excited to enter this new field of online exchange, and we’re looking to adopt the technology as part of our payment plan. We are accepting a wide variety of coins. Among others, we are accepting:
We are also conditionally accepting Dogecoin (DOGE), Shiba Inu (SHIB), Stellar (XLM) and XRP (XRP) and other cryptocurrencies that are trending.
Does LRDG charge more if you pay cryptocurrency for marketing services?
If you’re concerned about prices, don’t worry. If you’re paying with cryptocurrency, you’ll be paying the same price/value as anyone else (if applicable, tax are translated into the same value of crypto, too). The base price of our services will not change whether you are paying in traditional currencies or crypto. We are up front about our prices, and will process your transactions swiftly. All cryptocurrencies transactions will follow the same format.
You let us know that you want to pay with cryptocurrencies, and tell us your preferred crypto coin or token
We will get back to you with a price quote
If the quote is acceptable, you can send your crypto coins to our crypto address.
However, depending on your chosen crypto-coin, there may be a processing fee charged by the blockchain network. These fees go towards the upkeep of cryptocurrency networks, such as the gas price for the Ethereum network. So, whether you are looking to get your business online, generate more sales, or enhance your business, you can now do any one or all of these with the cryptocurrency that you have.
How can LRDG help companies that are willing to pay with cryptocurrency?
One of the present problems with cryptocurrency is that it is not widely accepted in the business-to-business environment. If your business is not ready for dealing with cryptocurrencies yet, LRDG’s finance team and account management team has dedicated members to help you learn more about cryptos, set up accounts and wallets, storage, exchange and pay with your crypto coins.
At LRDG, these two teams are already well-trained and can guide you through the whole process. Feel free to contact us and book a meeting to learn more about the exciting world of crypto, what it is, and how you can pay your marketing agency with crypto.
What should I do if I want to use cryptocurrency for marketing services?
If you’re interested in using cryptocurrency to pay for our services, we’re happy to work with you. To place an order, click on the form button below and tell us what you’re looking for. Describe which services you’re looking for and the timeline you expect, as well as any concerns for the project that you might have. Once you’ve done that, we’ll get back to you within 28 hours (48 on holidays and weekends) with an estimate and an outline. If you find this estimate acceptable, you can make your payment, and we will proceed.
If you have any issues with your transaction, please contact your account manager at LRDG right away.
If you have any concerns, please let us know. We are committed to working with our clients and delivering high-quality service, and we want to ensure that there are clear lines of communication at all times during our projects.
The marketing world is evolving, is your marketing agency up-to-date?
We’re excited to see what opportunities cryptocurrency will bring for your business. As cryptocurrency grows as a medium, its impact is bound to transform the marketing world in new and interesting ways. Whether transactions are completely revolutionized or simply made easier, all parties will benefit.
It is our hope that you’ll join us on this road of discovery.
Until then, have a nice day, and we look forward to doing business with you.
Accepting cryptocurrency does not mean that we do not charge sales tax on behalf of the Canadian government, depending on your region / country, Canadian Sales Tax (HST/GST) may still apply on the services provided to you. It should be noted that cryptocurrency is a volatile and disruptive technology, and one still in its infancy. A savvy investor will have to pay close attention to the changing prices of cryptocurrency, and the full impact of the medium has yet to be truly felt. While we are quite excited to do business with crypto, we do not encourage anyone to invest into crypto without proper knowledge of cryptocurrency investment and exchange. However, we believe the advantages outweigh the drawbacks. The benefits of security, ease of transactions and the safeguards against theft cannot be overstated. Cryptocurrency is a valuable tool, and marketing would benefit greatly from adopting it.