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