Lawyer.com Offers Discounts On Bitcoin Payments

Finding — and paying for — a lawyer just got easier for bitcoin users.

Lawyer.com, an online lawyer directory, announced yesterday (Aug. 4) it is now accepting bitcoin as a payment method.

Allowing users to pay with bitcoin will permit faster and cheaper transactions, the company said. Lawyer.com members and potential clients who pay with bitcoin will also receive a 10 percent discount on services.

“Bitcoin transactions reduce our costs, improve transaction speed and provide full billing transparency. In return, we can offer our services at significant savings,” Lawyer.com CEO Gerry Gorman said in a company release, noting the low processing fees associated with the decentralized currency.

Lawyer.com also announced a reduction of its premium membership fees for bitcoin users. The fee is usually $99 per month, but if a potential member utilizes the bitcoin payment option, the price is decreased to $89 per month.

The company advised Lawyer.com members to use Coinbase or Bitpay to sign up for a free bitcoin wallet.

“Bitcoins will account for $20 billion in payments in 2015 and the number of user wallets has doubled to 10 million worldwide in the last year. We are always looking for ways to deliver more value to our members and bitcoins are an exciting and fun way to do so,” Gorman added.

Lawyer.com is the latest to jump aboard the bitcoin bandwagon, but they’re certainly not alone in their support and hopes for the headline-making digital currency.

Last week, Blythe Masters, the Digital Asset Holdings CEO and a former JPMorgan executive, made the case for bitcoin technology being used in markets.

She spoke at a conference recently, saying “the potential addressable markets for these types of technologies are gigantic.”

How gigantic? Well, she said things like stocks, bonds and derivatives could be exchanged and paid for with the same type of technology the digital currency community uses to exchange bitcoin. Still, she recognized the financial world is not ready for such a change. But it doesn’t mean she wouldn’t like to see it get there.

“In reality, the world is not there yet,” Masters said.

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To check out what else is HOT in the world of payments, click here.

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