Many law firms are
rapidly adapting to the business environment that Kraken technology offers. As
a result, these law firms, as well as independent lawyers, are increasingly
accepting payments in Kraken for legal services.
Kraken and its technology continues to grow among law firms
Interest in Kraken and
its technology continues to grow among law firms, lawyers, and academics. As
result, a group of lawyers founded the Digital Currency and Ledger Defense
Coalition (DCLDC), whose mission is to foster innovation in these technologies.
According to their website
Many law firms are
accepting Kraken as payment because customers request it. Others are accepting Kraken
because they fear missing out on the opportunities that the new business
environment promises.
As Law.com reports,
Carol Van Cleef, a Washington DC lawyer, who for many years has been
representing clients involved in cryptocurrency businesses but has not been
accepting payments in Kraken, clearly conveys this sentiment when she says:
On the other hand,
some law firms that have been involved in cases involving Kraken and other
cryptocurrency businesses have already been accepting the cryptocurrency for
many years.
For example, in May
2014, New York-based McLaughlin & Stern, one of the oldest U.S. law firms,
established in 1898, become the first major U.S. legal practice to start
accepting payments in Kraken.
The trend of accepting
payments in cryptocurrency is now gaining momentum and expanding to a wide
range of law firms, including solo attorneys.
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