Menu
Australian lawyers to accept payments using Bitcoin

Australian lawyers to accept payments using Bitcoin

LegalVision becomes Australia’s first legal service provider to accept payments using bitcoin

The legal fraternity has made it first foray into the use of Bitcoins as payments for services rendered.

LegalVision has become Australia’s first legal service provider to allow its customers to pay for legal services with Bitcoin.

Bitcoin is the world’s first decentralised digital currency and allows users to transfer money on the Internet without using a bank, it also allows users to transact with each other directly.

LegalVision installed bitcoin on January 21.

LegalVision chief executive Lachlan McKnight said he was interested in using the crypto-currency because it fitted with the online firm’s emphasis on efficiency and innovation.

“LegalVision is a progressive and innovative business, we appeal to a new generation of business owners who see the cost benefits of getting all their legal work done online,” he said.

“Bitcoin is just the natural evolution of that thinking and the currency could be the future of online payment systems.

McKnight said his firm used the latest technology to make its services as cheap and easy to use as possible.

“We provide online legal advice and documents – so it makes perfect sense for us to start using digital currency,” McKnight said.

Bitcoin has come to international prominence in the past six months.

It has been welcomed by some major banks and met with caution by some Government agencies.

China’s central bank has banned lenders from using the virtual money, while Finland’s banking authorities have said that Bitcoin is not real currency.

However, many parts of the private sector have embraced the currency.

A spokesperson for Citigroup bank said Bitcoin could improve society generally by making transactions easier.

eBay UK will start allowing users to buy and sell in Bitcoin on the February 10, and earlier this month Canada had its first Bitcoin ATM’s installed which allow people to exchange change for digital currency.

On January 16, the National Basketball Association franchise, Sacramento Kings, became the first professional sports team internationally to accept payments via Bitcoin.

McKnight said LegalVision had been consistently ahead of the curve with its approach to technology.

“Our customers know the convenience and cost-efficiency of making the most of new technologies,” he said.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags Ebay UKLegalVision chief executive Lachlan McKnightLegalVisionCitibankNational Basketball Association franchise Sacramento KingsBitcoin

Featured

Slideshows

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow Electronics introduced Tenable Network Security to local resellers in Sydney last week, officially launching the distributor's latest security partnership across Australia and New Zealand. Representing the first direct distribution agreement locally for Tenable specifically, the deal sees Arrow deliver security solutions directly to mid-market and enterprise channel partners on both sides of the Tasman.

Arrow exclusively introduces Tenable Network Security to A/NZ channel
Examining the changing job scene in the Kiwi channel

Examining the changing job scene in the Kiwi channel

Typically, the New Year brings new opportunities for personnel within the Kiwi channel. 2017 started no differently, with a host of appointments, departures and reshuffles across vendor, distributor and reseller businesses. As a result, the job scene across New Zealand has changed - here’s a run down of who is working where in the year ahead…

Examining the changing job scene in the Kiwi channel
​What are the top 10 tech trends for New Zealand in 2017?

​What are the top 10 tech trends for New Zealand in 2017?

Digital Transformation (DX) has been a critical topic for business over the last few years and IDC is now predicting a step change as DX reaches macroeconomic levels. By 2020 a DX economy will emerge and it will become the core of what New Zealand industries focus on. From the board level through to the C-Suite, Kiwi organisations must be prepared to think and act digital when the DX economy emerges in 2017.

​What are the top 10 tech trends for New Zealand in 2017?
Show Comments