UK law firm accepts crypto as payment

UK based law firm Gunnercooke has partnered with the crypto trading platform Coinpass to facilitate its exchange with cryptocurrency.

The company has announced it will begin accepting cryptocurrencies as a means of payment for its legal and professional services, and is thought to be the first UK firm to initiate this move.

Coinpass CEO Jess Hancock said: The [Coinpass] team are “excited to be partnered with an organization that has ambitions to push blockchain and crypto forward in the UK”, and “proud to be Gunnercooke’s crypto exchange partner”.

Financial Services and FinTech partner James Burnie said: “It’s vital that we accept payment in this way for our substantial client base, which spans the entire blockchain and crypto-asset ecosystem.”

Burnie hopes to see a gradual transition towards cryptocurrency becoming accepted as a general means of payment, explaining that: “Accepting payment in crypto-assets demonstrates our commitment to and understanding of this important and growing community.”

Gunnercooke’s client base includes around 100 cryptocurrency developers, platforms and exchanges.

One is crypto-staking business Attestant, a company that the law firm advised concerning regulatory and legal crypto staking matters.

While Gunnercooke seems to be the first firm in the UK to accept crypto as payments, it’s an option that individuals and companies in the US have already begun. The likes of Microsoft and Paypal has already adopted this move.

Even New York mayor Eric Adams is said to have accepted his first pay check in BTC, as has Bulgaria’s president Assen Vassilev, proposing crypto payments be added to mainstream finances in the “short to mid-term”.

While the world is figuring out its payments system, you can take your BTC and try your luck at games on Bitcasino, 1xBit or FortuneJack.

 

Source

Updated: 02/24/2022 — 12:00