Unlike law firms, the cryptocurrency payment craze hasn’t hit legal tech companies or alternative legal service providers (ALSPs) yet. But the volatile cryptocurrency market isn’t the only factor pushing these companies away from digital coins. They also point to clients’ lukewarm enthusiasm toward cryptocurrency as keeping digital payments a distant reality for their market. 

To be sure, the legal market is experiencing a payment revolution—but more so in the form of increasingly accepting credit cards and automated clearing house (AHC) electronic funds transfers, said Colin Li, CFO and CRO of Paradigm, which provides legal billing systems Bill4Time, law firm accounting software TrustBooks and other legal tech products.

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