Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by rawtxapp on Wednesday March 17, 2021 @05:26PM
(#26496985)
Presumably there will be tools to automate that, but I agree with you it would be a pita.
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Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by imtringued on Thursday March 18, 2021 @05:17AM
(#26500838)
Visa has incentives to play by the tax rules and make it easy for the average consumer to spend Bitcoin in dollars. Most cryptocurrency credit card companies built on top of Visa aren't willing to get their feet wet, not even in the country they are operating in.
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by ketamine__ on Wednesday March 17, 2021 @10:00PM
(#26499018)
There are tax tools now. They cost $200+/year.
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by cfcosta on Wednesday March 17, 2021 @10:45PM
(#26499256)
Isn't cryptotrader.tax free, or at least freemium?
Re:Visa Plans to Enable Bitcoin Payments at 70M Merchants
by ketamine__ on Thursday March 18, 2021 @04:24PM
(#26507174)
A convincing argument would be a javascript app or a mobile or desktop app. I don't think the average person should be giving their address and personal information to a third-party.