Lawyers and cryptocurrency payments – Should you “byte” the bullet?
Abstract: Bitcoin and other cryptocurrencies aren’t going to replace traditional forms of payment, but a growing number of law firms have begun to accept them from clients. Before making such a decision, though, firms need to understand the basics of how these currencies work and some of the issues they raise. This article discusses what cryptocurrencies are, how law firms can benefit from accepting them, and some of the risks involved. A short sidebar covers why blockchain is poised to shift transactional practices.