Don’t miss the latest developments in business and finance.

Australian legal firm accepts Bitcoin as valid currency

Image
ANI Washington
Last Updated : Feb 03 2014 | 11:30 AM IST

LegalVision, an Australian legal service provider has reportedly become the first legal organization to allow its customers to pay for services with Bitcoin.

A decentralized digital currency, Bitcoin can be used by users to transfer money on the internet sans the involvement of bank, allowing them to transact with each other directly.

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

McKnight said that it made perfect sense for the fraternity to start using digital currency as it provided online legal advice and documents.

More From This Section

First Published: Feb 03 2014 | 11:19 AM IST

Next Story