Legal services paid for with Bitcoins? Thompson & Stein adds BitBay Pay as a payment option

Thompson & Stein has come up with a great opportunity for its customers to make payments with Bitcoins by means of BitBay Pay service. It’s easier to respond and keep a track of their clients who lead projects on cryptocurrencies and blockchain.

The aim of Thompson & Stein is to:

  • Create security standards on the cryptocurrency markets
  • Advise clients with license processes out on the territory of Malta and Estonia
  • Coordinate ICO projects
  • Carry out transactions with their clients in any part of the world

Understand more benefits of bitcoin services from ADAM Global’s Member firm Thompson&Stein

Click here to know more about Thompson & Stein

What is blockchain?

Blockchain is a database that is shared across a network of computers. Blockchain allows consumers and suppliers to connect directly, removing the need for a third party.

How does blockchain work?

Source: Financial Times

Why is it so revolutionary?

  • Works for every type of transaction, which includes money, goods, and property.
  • -limitless potential uses
  • Reduces fraud because of recorded transactions

Who is using it?

  • Anyone with access to the internet
  • According to a survey by the World Economic Forum’s Global Agenda Council 0.025% proportion of global GDP is held in the blockchain.
  • Forum research suggests an increase in the usage of Blockchain in the coming years
  • Banks, insurers and tech firms will see the technology as a way to speed up settlements and cut costs.
  • A report from financial technology consultant Aite estimated that banks spent $75 million last year on the blockchain.

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