THELOGICALINDIAN - Many law firms are rapidly adapting to the business ambiance that Bitcoin technology offers As a aftereffect these law firms as able-bodied as absolute attorneys are more accepting payments in Bitcoin for acknowledged services
Many law firms are accepting Bitcoin as acquittal because barter appeal it. Others are accepting Bitcoin because they abhorrence missing out on the opportunities that the new business ambiance promises.
As Law.com reports, Carol Van Cleef, a Washington DC lawyer, who for abounding years has been apery audience complex in cryptocurrency businesses but has not been accepting payments in Bitcoin, acutely conveys this affect back she says:
On the added hand, some law firms that accept been complex in cases involving Bitcoin and added cryptocurrency businesses accept already been accepting the cryptocurrency for abounding years.
For example, in May 2014, New York-based McLaughlin & Stern, one of the oldest U.S. law firms, accustomed in 1898, become the aboriginal above U.S. acknowledged convenance to alpha accepting payments in Bitcoin.
The trend of accepting payments in cryptocurrency is now accepting drive and accretion to a advanced ambit of law firms, including abandoned attorneys.
Some law firms such as Frost Brown Todd accept bitcoin to authenticate their charge to their audience alive in the crypto space. Frost Brown Todd advises audience ablution Initial Coin Offerings (ICOs) and establishing barrier funds specializing in cryptocurrency assets.
Lawyers that undertake all-embracing assignments acquisition that Bitcoin can decidedly facilitate cross-border acquittal affairs because Bitcoin facilitates alien acceptance of transactions.
Moreover, Bitcoin offers low alteration fees, accuracy in absolute time, fast settlements, and the beheading of cryptographically-secured transactions.
In this regard, Nordic Law, afterwards accepting requests from its adopted clients, started to action these audience the advantage to pay in the cryptocurrency in October 2017. Nordic Law’s columnist absolution explains:
Interest in Bitcoin and its technology continues to abound amid law firms, lawyers, and academics. As result, a accumulation of attorneys founded the Digital Currency and Ledger Defense Coalition (DCLDC), whose mission is to advance addition in these technologies. According to their website:
Bitcoin’s advance will best acceptable abide to animate audience to appeal attorneys and law firms to acquire Bitcoin and added cryptocurrencies as acquittal for acknowledged services.
Do you anticipate adopted audience will abide to advance law firms to acquire payments in Bitcoin and added cryptocurrencies? Let us apperceive in the animadversion area below.
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