Paid By Coins: Piper Alderman adopts cryptocurrency service

Piper Alderman has adopted the Paid By Coins cryptocurrency payment service, expanding its partnership with Australian technology innovation company Lakeba.

Michael Bacina, a partner with Piper Alderman’s blockchain group, said that demand by clients in the blockchain and cryptocurrency sector has progressively increased. Piper Alderman became the first major Australian law firm to accept cryptocurrency as payment for legal services in January.

“The missing component for our clients was the facility of a robust, proven gateway to simplify the payment process for clients remitting in cryptocurrency. The Paid By Coins gateway offers a read-made and proven solution, with the benefit [of] simplicity and familiarity of the well-known BPay platform,” he said.

“Paid By Coins also offers one of the most competitive currency rates and accepts payments with five of the leading cryptocurrencies including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple,” he said.

Piper Alderman first announced its partnership with Lakeba, the company behind the Paid By Coins service, in June. The partnership includes Lakeba’s experts working with Piper Alderman’s lawyers tackling the legal implications of businesses and organisations implementing blockchain and cryptocurrency products.

Giuseppe Porcelli, founder and CEO of Lakeba, said that the adopting Paid By Coins is a major vote for the service because of Piper Alderman’s reputation.

“Our broader partnership with Piper Alderman continues to grow in strength, since we cemented our exclusive partnership this year and announced their role as a founding partner of the Future Hub. This is evolving further as they adopt our Paid By Coins payment gateway and is a strong indicator of the relevance and adoption of cryptocurrency as a ratified and legitimate means of payment in the broader business sector,” Porcelli said.