An increasing number of the law firms have started accepting the payments in cryptocurrencies mode
There is increasing number of the law firms who are working with the startup companies and they have started accepting the payments in the cryptocurrencies mode. The legal professionals stated that they have no choice in this regard. More and more businesses these days have been launched by the digital currency entrepreneurs and they have to show up they have also invested in what their clients are developing. In most of the cases, the wealth of the founder is being accumulated in the bitcoin-only and this is what makes it quite unavoidable. So these days even some of the big law companies have also been representing the bitcoin and some of the other cryptocurrency firms are also accepting the bitcoin payments.
Not only lawyers but other professionals too who have started accepting bitcoin as the mode of payment
In fact, even the small, as well as the big legal companies and also the solo attorneys, have started accepting the payments in the Bitcoin mode. This has been done to fulfill the needs of their practice as well as the requirements of their clients. Not only lawyers but there are other professionals too who have started accepting the bitcoin as the mode of the payment. There are many companies that have started offering the digital currency exchange along with the payment processing. This has enabled the companies to convert their bitcoin into the American currency and in this way, they get paid too.
This bitcoin which is considered as the highly popular digital currency has its volatile ride too
There are growing numbers of the legal professionals who are operating in this digital currency world and they have started accepting it as the mode of the payment too. Although this doesn’t mean that they are highly comfortable with this mode of the payment. Well, this bitcoin which is considered as the highly popular digital currency has its volatile ride too.
Some of the lawyers have stated that they are quite happy with this development while others are worrying about the volatility of Bitcoin
During the last year it has just started out at around $1000 and at a point of time in the year 2017 itself, it has surpassed $ 19000. It has been trading near about $ 11445.Well, the meaning of the volatility is that these legal professionals can expect the price they bills to fluctuate a lot. Well, the legal professionals are quite risk-averse individuals and they tend to be on the certain side. This is one of the major issues for the lawyers in accepting the bitcoin as the payment. Well, some of the lawyers stated that they are quite happy with this development while others are worrying about the volatility of the Bitcoin. But in either of the ways, they suggest that they are left with no choice altogether. Since the founder’s wealth has been accumulated in the Bitcoin they are left with no choice but to accept it.