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If you are a legit company with pesky things like bookkeeping and accounting then you do not want Bitcoins on your books. You might accept Bitcoin as a gimmick

by chx 8y ago

If you are a legit company with pesky things like bookkeeping and accounting then you do not want Bitcoins on your books. You might accept Bitcoin as a gimmick by utilizing a third party service which buys them and gives you money (like BitPay) but there's no legic economy. How could there be when it is so volatile and it's basically held up by hype? The risks are clear for a business and what's the advantage...?

Qworg 8y ago
Not to mention the tax implications.
DennisP 8y ago
In 2017 I worked for a company that often took payment in ETH and held a lot of it long-term. They had a bookkeeper and two lawyers on payroll, and about fifty other employees.