Popular Law Firm in the U.K. Starts Accepting Crypto as Payment

8:44 am, Wed, 23 February 22

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The utility and popularity of crypto assets are increasing more and more as several countries and organizations around the world have started accepting crypto payments. Gunnercooke is one of the firms that has shifted its attention towards crypto.

This is one of the most popular and major law firms in the United Kingdom. According to reports, gunnercooke has announced that it will be accepting a variety of digital assets from the clients for legal and professional services.

Bitcoin and Ethereum are the two most popular digital assets in the crypto market. The prices of the crypto assets often fluctuate which is why the crypto space is said to be a volatile place. Therefore, if you are interested in crypto investing, make sure you take a look at the price movement of the digital assets first and choose the most popular crypto exchanges.

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Law Firm Announcement Details to Know

The U.K.-based law firm, gunnercooke, is one of the most popular and fastest-growing law firms in the country. The firm published an announcement, according to which:

  • Crypto payments will now be accepted by the firm
  • Clients can make crypto payments to the law firm through Coinpass exchange
  • The firm will accept major digital currencies such as Bitcoin (BTC) and Ethereum (ETH)
  • It will also accept smaller coins such as Dogecoin (DOGE) and Cardano (ADA)
  • The firm also added digital assets such as XTZ, UNI and EOS last year

The finance director of gunnercooke, Naseer Patel, stated:

Up to now, only a few US law firms allow for crypto asset 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 law firm also announced through Twitter and posted:

According to the published document by gunnercooke, the firm aims to build a client base of approximately 100 crypto exchanges and developers. It was also specified through the document that the first firm to avail gunnercooke’s legal consultancy services and pay in crypto is crypto staking firm, Attestant.

The document also mentioned how different firms and organizations around the globe are now accepting crypto assets as payment. A gradual shift towards digital assets being the primary form of payment is also anticipated.

The cryptocurrency future is expected to be bright, however, the real outcome is yet to be seen.

What to Know as a Crypto Investor?

The significance of crypto assets is undoubtedly increasing as various companies and influential names around the world are offering crypto as a method of payment.

Therefore, even though the prices of digital currencies fluctuate from time to time, their prominence and value are undeniable and intact.

This is why, if you are looking to invest in crypto, you need to make sure that you choose one of the largest crypto exchanges that suit all your needs.

People who are looking to buy crypto assets for the first time can click on SwissBorg or Kraken (U.S. citizens).

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