Perhaps you have heard of Bitcoin in the news recently, in reference to ransomware attacks that disabled people's computers. The attackers demanded payment in the form of Bitcoin, a digital currency, also known as a cryptocurrency. However, this is not a reason to fear Bitcoin. Like any form of payment, it can be abused by criminals and demanded as a form of ransom. It is also a useful method of payment which has lower transaction fees than credit cards. Lately, Bitcoins have been increasing in value, so they are viewed by some people as investments. Since March, 2017, Bitcoins have doubled in value.
It is nevertheless hard to find a Bitcoin attorney who will accept Bitcoin for legal fees, but here at Wolfe Legal Services, we offer you the opportunity to spend your hard earned Bitcoins on legal services. Your Bitcoin can be used to pay for attorney fees and exchanged according to the market value. We believe in embracing new technology and offering the most options and conveniences to our clients.
Bitcoin's acceleration in value is perhaps due to its recent acceptance in Japan and statements by the Russian government indicating a willingness to accept Bitcoin as a medium to exchange value. Russia and China don't like the dominance of the US dollar in the world economy, so perhaps that expains their newfound willingness to accept Bitcoin.
Also, don't forget about these important assets in case of divorce or someone's passing. Bitcoins are often stored in digital wallets on a mobile phone, or on websites. So, it's also very important to inform your attorney about bitcoins someone may own.
Wolfe Legal Services may be the first Bitcoin Attorney in Columbus, perhaps even in Ohio! Please call anytime for a free phone consultation.