Innovation Consultancy Now Accepts DogeCoin and Other Cryptocurrencies

Melbourne-based corporate innovation consultancy and startup accelerator, Collective Campus, has announced that it will now be accepting payment in a number of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Dogecoin, Bitcoin Cash, and Shiba Inu.

The innovation consultancy, which has worked with large brands such as Allens Linklaters, Microsoft, Charter Hall, Clifford Chance, and Lufthansa, and has incubated over 120 startups since being established in 2015, sees this as a logical step, given its position in the Australian innovation community.

Collective Campus CEO and author of Employee to Entrepreneur (Wiley), Steve Glaveski, said, “In today’s fast-moving environment, it’s critical that we adapt to change, otherwise we’ll be left behind. Accepting cryptocurrency won’t necessarily give us a competitive advantage, but it’s about continuing to build and nurture a company culture that encourages new ways of doing things. The moment we resign ourselves to the status quo, we stop moving forward, and ultimately regress.”

Collective Campus is one of the first Australian professional services firms to accept cryptocurrency, following in the footsteps of legal services firms, LegalVision and Piper Alderman.

Dogecoin, a meme coin turned legitimate cryptocurrency with a market cap of US$30 billion at time of writing, has been subject to much volatility and fanfare, buoyed on by the tweets of one Elon Musk.

On this volatility, Glaveski said that “While we appreciate the risks associated with Dogecoin, we treat it as we would any other highly risky alternative asset class. We don’t purchase or carry more than we can afford to lose. We include it as a small bet in a larger diversified portfolio. And we keep the majority of our funds in cash and in low-risk but reliable investment classes such as index funds”.

In February, Tesla announced that it was planning to accept Bitcoin has payment, before backtracking in June, saying that it will resume accepting Bitcoin payments once miners of the cryptocurrency can show they are using roughly 50% clean energy.