Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

Qld-based firm to accept digital currency payments

A family law firm based in Maroochydore has opted to accept digital currency payments, so as to offer their clients a “compassionate” alternative payment method.

user iconJerome Doraisamy 22 April 2021 SME Law
Shanahan Family Law digital currency payments
expand image

Shanahan Family Law had “made the move from cash to Qoin”, a digital currency that purports to both businesses and consumers the opportunity to transact on a day-to-day basis or accumulate digital assets for potential future growth and liquidity.

Through a directory-based Qoin wallet, the firm noted, “consumers are able to search, contact and transact with their favourite merchants in store and online”. Built on blockchain, it continued, “Qoin offers merchants and consumers an innovative and secure alternative to connect and interact”.

Speaking about the firm’s decision, founder and solicitor Luke Shanahan said that family law requires a “degree of compassion”.

Advertisement
Advertisement

“It’s an area of law which can often become acrimonious and charged with high emotions and there’s a degree of satisfaction that we get here in assisting people to move through their matters in a dignified way, as quickly and as painlessly as possible,” he explained.

Mr Shanahan, who describes himself as a “seasoned investor” in digital currencies, said that his firm’s move to Qoin marked a first for the legal profession.

“I don’t know of any other law firms that do operate outside of the normal fiat money system. I think the legal sector is quite traditionalist and some law firms may be reluctant to cross over to it,” he posited.

“The reason that I became interested in Qoin is it seemed to have a distinction from other digital currencies in that it is striving to become a trading currency, rather than attracting just investors alone. So, the fact that it’s being used and the focus of its establishment is to have itself as a replacement for traditional money is, I suppose, what grabbed me as something unique about it.”

Mr Shanahan said the firm considers itself to be a pioneer in offering such currency options for clients: “Irrespective of the type of matter, the payment option is available.”

“I think Qoin is an exciting thing to be a part of it. It seems to me that it’s got some promise to take off. I think by becoming an early adopter, we’ll have our systems and processes established for what comes from it in the future,” he concluded.

You need to be a member to post comments. Become a member for free today!