We have joined the cryptocurrency revolution! Our friends at Where To Shop With Crypto have organised a cryptocurrency merchant facility for us. The way it works is that a client can pay us fees for our legal work by one of the following cryptocurrencies, and we receive the fees in our regular bank account in Australian dollars: Bitcoin; Lightning; Ethereum; Litecoin; or Binance Coin.
There are a few good reasons for us doing this. For one, we want to support the business renaissance of the Fremantle area of Perth, Western Australia. A growing number of traders in the area are accepting cryptocurrency payments and supporting the movement with the hashtag slogan: < #CryptoFriendlyFreo >. Irving Law has a few connections with Fremantle: our first office was there, we belong to the Fremantle Circle of the District32 business network, and we use a co-working space there to meet with clients.
Another reason is convenience, If a client wants to pay us in cryptocurrency, why not? Money is money. As far as we are concerned it will go into our bank account with our other fees and be declared and taxed as per normal.
A third reason is progress. We like to be involved in new things, and to use technology to help us help our clients. We like to think of ourselves as being modern and user-friendly. So, if you want some legal advice or documents, AND you prefer pay with crypto, give us a call!
[Photo: Abheeti K Pass of Where To Shop With Crypto with James Irving at a cryptocurrency promotion event, Fremantle.]