1LAW is Now Accepting Bitcoin Currency
In recognition of the developing economy of Bitcoin commerce, 1LAW, a regional injury and full service law firm, is proud to announce that they are now accepting Bitcoin for legal services. In addition to accepting Bitcoin for services, 1LAW is also willing to pay vendors for services using the same tender.
1LAW founder and attorney, Jason Velez, became very interested in Bitcoin commerce and jumped both feet into a mining contract in late 2013. Velez states,
“I have been impressed with the rapid growth and thriving interest in the Bitcoin economy. I see Bitcoin as a revolutionary way to transact, both in speed of transaction and as a hedge against fluctuations in outside markets.”
1LAW is proud to be among the very first law firms in the country to accept Bitcoin as a form of payment.
As this economy continues to grow, there are a number of issues arising regarding taxation and licensee issues for miners and Bitcoin investors. In response to these issues, 1LAW partner James Park, who has an LLM in tax law from the University of Missouri and a JD from the University of Arkansas, has set out to answer some of these questions. 1LAW is preparing a white paper on taxation and licensure issues and is attending the commercism.co summit in Mountain View, California to share advice with participants regarding the new advancements and legalities surrounding Bitcoin.
1LAW believes that the fact the federal government is concerned about licensure issues and tax implications indicate that Bitcoin is a legitimate currency and will likely be regulated. In recognition of the legitimacy of the Bitcoin currency, 1LAW is excited to join the ever-growing number of businesses that are now accepting Bitcoin.
1LAW
1LAW is a 21st century law firm founded on principles of capitalism and social justice. Velez notes, “We believe that because we profit by helping others, a portion of our profits should go towards helping others.” 1LAW is committed to making justice accessible to everyone by providing free legal consultations, free legal forms and a sliding scale of legal fees.
“The practice of law affords a great living; the least we can do is give back to the communities we serve,” said Velez.
For more information on 1LAW and its industry leading practices, please visit http://1LAW.com/ and http://Facebook.com/1LAW. #youcanchangetheworld
Bitcoin address: 1KBVybbtHjobt1KMk5T7afrm9wWqGgaUED
1LAW is a personal injury law firm with experienced attorneys and lawyers practicing in all areas of the law. Our mission is to give you and your case personal care, and collect lower fees than most lawyers.
1LAW is currently serving our friends and neighbors from Salt Lake City, Provo, Richfield and St. George, Utah, Mesquite, Las Vegas, Nevada and Orange County, CA. Coming soon to a city a near you.
Related News
There are many rumors being spread regarding McDonald’s possibly accepting bitcoin soon. The reason speculation is so high is due to their announcement of accepting a new digital currency soon. They entertained a variety of questions through twitter, and the response was particularly interesting when asked if it was bitcoin. The tweet towards McDonald’s was as follows: “So @McDonalds is going to start accepting a random type currency soon.. I wonder it its $btc #bitcoin”. The response given was:
With over 80,000 companies already accepting Bitcoin payments as of 2014 and that number rapidly growing, business owners can no longer afford to ignore the world’s most popular decentralized currency. So let’s check out six reasons why accepting the virtual currency is a great idea. Multiple Reasons to Accept Bitcoin. Around the world, forward-thinking merchants from small shops to large corporations are joining the Bitcoin trend, with many of them doing so in order to improve cash flow by cutting costs and boosting their bottom line. But, is doing business in Bitcoin a worthwhile....
Elon Musk, also referred to in social media as the ‘Dogefather,’ due to its affiliation with the Dogecoin currency, has hinted Tesla could start accepting the currency as a payment for its cars. The company, which is now accepting bitcoin as payment for its cars and holds it as part of its reserves, could also include dogecoin as part of its accepted cryptocurrency roster. Elon Musk Hints at Tesla Accepting Dogecoin Elon Musk, CEO of Spacex and Tesla, has hinted today at the possibility of the electric car company accepting dogecoin (DOGE), the now-famous meme coin as payment....
As bitcoin continues to grow in popularity, small businesses around the world have begun accepting the digital currency as a method of payment. Many of these businesses have seen only a very small portion of their customers pay with bitcoin, but that doesn't necessarily make the venture into cryptocurrencies a failure. Dr J Anthony Allen, CEO of the Minneapolis-based music production school Slam Academy, said bitcoin payments at his business have been "very successful," yet Slam Academy has seen just one customer pay with the digital currency since Allen began accepting it in November of....
Based on the latest research, increasing utility and accessibility are fueling business expansion as the digital currency ecosystem expands. In general, retailers have been found to be sensitive to the needs and expectations of their customers and to understand the benefits of accepting digital currency payments for their businesses. Customers have played a significant role […]