Bitcoin and international franchising

18 August 2014

Mark Abell, Simon Fielder, Mumuksha Singh

As Bitcoin continues to gain traction, franchisors need to consider how best their documentation can facilitate the use of Bitcoin both in their franchisee’s consumer facing transactions and as a method of paying franchise fees.

This article considers how this new crypto-currency may impact franchising businesses and suggests some of the steps that franchisors can take to mitigate the resulting risks. The author describes what Bitcoin is, its origins and commercial challenges are, whether and how franchised businesses should consider using, and how developments in regulation and taxation are impacting its use.

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