Bitcoin Can Now Be Used As Payment For Legal Services At Atrium Law Firm
Cryptocurrency has been used in a multitude of ways for many goods and some services. One law firm, Atrium, has found value in cryptocurrency as well, now letting their legal services be covered by either Bitcoin Cash (BCH) or Bitcoin Core (BTC). This corporate law firm has been a major part of the support needed by over 300 startups, which have collectively raised $500 million in venture capital.
Consumers will have the chance to use BitPay as their payment processor, which will make it easier for anyone to secure services from outside of the United States. It will also make the legal payments easier for those with a greater ratio of cryptocurrency holdings to fiat holdings.
The Chief Commercial Officer of BitPay, Sonny Singh, spoke on the way that they will be helping, and why this is important for crypto bill payments.
“Atrium’s blockchain practice is growing rapidly so it makes sense they would allow their clients to pay in bitcoin.”
Along with their BitPay connection, Atrium recently announced the expansion of its Fintech and Blockchain practice (AFB) with the addition of three new legal experts. These experts are well-versed in the regulatory space of cryptocurrency, even though their timing seems a little strange with the continuation of the crypto winter. However, considering that they’ve been supporting both cryptocurrency and blockchain since 2017, it’s important to have experts on hand with substantial knowledge of different concerns of the industry.
Some of the startups they have helped have a deal with,
“platform design, securities, and digital asset offerings, regulatory analysis, money transmitter licenses, broker-dealer registrations, and general corporate and IP-related matters,”
as Bitcoin.com writes.
The head of the Atrium Fintech and Blockchain (AFB) division, corporate attorney Ross Barbash, said,
“While our team’s own bitcoin wallets have been hit hard by the crypto winter, the downturn has accelerated industry maturation. In contrast to the frothiness of 12 months ago, investment is now more consistently flowing to talented teams working on meaningful projects.”
Continuing, Barbash said,
“With the shift from HODL to BUIDL, we are finding it easier to identify and collaborate with the teams that both have the necessary dev chops and are committed to compliance. We are extremely lucky to have a team with diverse legal skills and a deep understanding of the ecosystem that enables us to deliver informed, multidisciplinary advice for our clients. We speak our clients’ language and now accept payment in their preferred currency.”