Major U.K. Law Firm Starts Accepting Payments in $BTC, $ETH, $DOGE, $ADA, and Other Cryptos
Major U.K. law firm gunnercooke has started accepting payments in most major cryptocurrencies for legal and professional services. The firm accepts leading cryptoassets like Bitcoin ($BTC) and Ethereum ($ETH), but also smaller altcoins like Cardano ($ADA) and Dogecoin ($DOGE).
According to an announcement the law firm published, it is now accepting cryptocurrency payments through cryptocurrency exchange Coinpass, which is registered with the Financial Conduct Authority (FCA), and added $DOGE, $ADA, $XTZ, $EOS, and $UNI to its platform late last year.
The announcement details the law firm has built up a client base of “around 100 cryptocurrency developers, platforms and exchanges,” and that cryptocurrency staking firm Attestant was the first to pay gunnercooke for its legal consultancy services in crypto.
Attestant reportedly paid for the services with Ethereum’s ETH, with gunnercooke detailing it “advises Attestant on a range of legal and regulatory matters related to staking. Naseer Patel, gunnercooke’s finance director, was quoted saying:
Up to now, only a few US law firms allow for cryptoasset payments so we are proud to be at the forefront of innovation in the UK. We will now be able to work with a wider variety of clients across different jurisdictions, plus offer our partners the flexibility to be paid securely in the way they choose.
The document adds cryptoassets are being accepted in a growing number of industries, and quotes the firm’s financial services & fintech partner James Burnie said that over the next decades he ex+ects tp see a “gradual transition towards cryptocurrency becoming increasingly accepted as a means of payment generally.
As CryptoGlobe reported, a cryptocurrency-based restaurant has opened in Dubai and is accepting payments in every major cryptoasset for food based on the meme-inspired cryptocurrency Dogecoin. The restaurant is a virtual one available through delivery.
The restaurant opened shortly after Tesla CEO Elon Musk and DOGE co-creator Billy Markus pushed McDonald’s to accept the meme-inspired cryptocurrency as a payment method. Tesla itself accepts DOGE payments for merchandise on its website.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.