29 Apr '15, 5pm

Why Accept Bitcoin As A Payment Method For Your Business?

Why Accept Bitcoin As A Payment Method For Your Business?

Due to not belonging to a specific country, Bitcoin transactions aren’t taxed, and have much lower fees than alternatives such as paypal. You have to declare it as an income if you transfer it between centralized currencies, but if you keep it decentralized you can’t pay tax on it, because no one actually owns it (apart from you). If you started to accept Bitcoin payments, you could then use your Bitcoins to pay in Bitcoins to other people who accept Bitcoins and everyone is happy! Except for the banks, but who cares about them right?

Full article: http://www.business2community.com/finance/accept-bitcoin-...

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