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A comment on Bitcoin Companies and Entrepreneurs Can't Get Bank Accounts. Parent comment

Re:Bitcoin Companies and Entrepreneurs Can't Get Bank Accounts by fennecfoxen on Friday November 15, 2013 @11:16PM (#6743598)
To pay employees, taxes, and utility companies.
[ Parent | on HN ]
Re:Bitcoin Companies and Entrepreneurs Can't Get Bank Accounts by ye on Saturday November 16, 2013 @06:35AM (#6744445)
You actually can pay employees in BTC, if they prefer that.

Thousands of people work for BTC already.

Utility companies will start accepting bitcoins soon enough, as it becomes more popular.

Taxes are a bit harder, I admit.

[ Parent | on HN ]
Re:Bitcoin Companies and Entrepreneurs Can't Get Bank Accounts by nikolak on Saturday November 16, 2013 @11:37AM (#6745331)
>You actually can pay employees in BTC, if they prefer that.

Most don't.

>Thousands of people work for BTC already.

Hundreds of millions don't.

>Utility companies will start accepting bitcoins soon enough, as it becomes more popular.

They don't accept it now.

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Just because you could do this stuff with bitcoin doesn't mean you can. It's only doable in theory and in very very small amount of companies in practice, that's why "bitcoin businesses need banks”.

[ Parent | on HN ]