LionTree explores accepting cryptocurrency for services – Reuters

December 16, 2021 by No Comments

Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

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Dec 15 (Reuters) – The banker who advised some of the biggest media mergers of 2021 said on Wednesday he was exploring ways to accept cryptocurrency as payment for services, a powerful endorsement of the budding digital currency.

LionTree Chairman and CEO Aryeh Bourkoff cited the example of a group of individuals pooling $40 million worth of ether cryptocurrency to attempt to acquire a privately owned copy of the U.S. Constitution at auction, and donate the document to a museum.

“I love this story not only because I agree that an original copy of the U.S. Constitution should be accessible to all Americans,” Bourkoff wrote, in an annual letter that lays out his financial predictions for the coming year. “But because it epitomizes the potential of the new economy: cutting-edge technology at the service of communities who can act upon their shared ideas not only recreationally, but in ways that create lasting value.”

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