Richardson Patel Takes a Bite at Bitcoin
Richardson Patel is pleased to announce that it is one of the first law firms in the United States to accept Bitcoin as payment for legal services. This initiative follows Richardson Patel’s long history of structuring attractive payment arrangements with its clients.
The firm has been tracking the recent developments of Bitcoin as a viable payment alternative to cash or credit. With the continued robustness of global wallet and exchange platforms like Coinbase, which Richardson Patel will be using for processing Bitcoin payments, the firm concluded this was the next evolutionary step in maximizing fee flexibility for its clients. The firm believes this initiative will be especially helpful to the firm’s foreign issuer clients in countries such as China and India, which restrict the flow of funds to the United States.
“Once we saw mainstream companies like Overstock accepting Bitcoin and a Hedge Fund in San Francisco advertising to hire a Bitcoin trader on its trading desk, we knew we had to consider accepting this cryptocurrency,” said Richardson Patel’s co-Managing Partner, Nimish Patel.
“We realize there is considerable uncertainty and debate over whether Bitcoin will become a mainstream alternative currency but feel strongly about remaining on the cutting edge for our clients,” added Mr. Patel.
In closing, Mr. Patel said,
“With Coinbase serving as our global wallet and exchange platform, we feel comfortable in limiting the firm’s exposure to currency fluctuation, while enhancing access to legal services for our foreign clients from countries that have historically restricted funds transfers to the United States.”
About Richardson Patel
The law firm of Richardson Patel focuses on corporate & securities law, mergers & acquisitions, and business, securities & employment litigation. Richardson Patel’s competitive strength lies in its ability to blend its entrepreneurial spirit with its grasp for complex legal issues. As a valued partner to emerging growth clients, Richardson Patel has seamlessly integrated the art of business and the science of law to deliver Business Minds for Legal Matters.
Related News
Kalpesh Patel is a living testament to the fact that anyone can contribute something to the Bitcoin ecosystem. You don’t have to be a computer genius or a financial expert to participate in this economic experiment. “You’re missing the point of Bitcoin if you feel left out. You can be as involved as you want to be, just go make something happen — find something you think needs doing, recruit some people to help if you need help, and do it. Are you waiting for an invitation or permission from somebody?” -Gavin Andresen. Patel moved to the United States from India in 1998 when he was just 18....
Cryptocurrency wallet firm Exodus has been paying all its staff fully in Bitcoin since launching its software wallet in 2015, CEO JP Richardson said. Major cryptocurrency wallet provider Exodus continues paying its employees in Bitcoin (BTC) despite the ongoing bear market, with the total market cap dropping below $1 trillion on Monday.Since launching its software crypto wallet back in 2015, Exodus has been paying its staff 100% in BTC, Exodus co-founder and CEO JP Richardson told Cointelegraph.The company continued to pay all its 300 employees in BTC even during major market downturns, by....
This year, the FEC announced that political candidates could accept donations in Bitcoin. While the guidelines are welcome, the FEC also capped the amount that could be donated to $100 in Bitcoin or Cryptocurrency per person each election period. This amount is far below the amounts you can donate in fiat. Along with the restriction, many people are not yet up to speed on Bitcoin. This lack of knowledge in the general public also makes Bitcoin lag as a form of donation. As first reported on by The Huffington Post, Blaine Richardson, a House seat candidate running for Maine's 2 District,....
The fever surrounding non-fungible tokens continues to spread as it penetrates new areas and industries. Political memes have now entered the NFT fray, Dole is fighting food insecurity with a humorous angle, Digitalax is bridging the physical and digital fashion divide, and even acclaimed wine is getting a taste for digital collectibles. Drumpfs Mint Trump’s Tweets for Charity Capitalizing on the momentum of Meme PAC’s viral presence in the American political conversation, 18-year incoming Columbia freshman and President behind the famed youth political action committee (PAC)....
Canadian brothers Firoz and Ferhan Patel are headed to prison after admitting their payments company had broken the law.