Invoice in US dollars, get paid in bitcoins with Coinvoice
A new company is hoping to marry bitcoins and invoicing, enabling people to invoice customers in US dollars, but get paid in the cryptocurrency. Coinvoice launched at the start of this month, is the brainchild of Jacob Yocom-Piatt, founder of software development house Conformal Systems. The team behind the service had already toyed with the idea of a bitcoin exchange, explains Coinvoice COO Daniel Tobin, but had been deterred by the regulatory environment in the US. Instead, it adopted a payment processor model, which it says exempts it from FinCEN's rules requiring certain....
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Intuit now supports Bitcoin invoicing and payments in Bitcoin with its latest free of charge solution - PayByCoin. Intuit was once a startup that set out to revolutionise the way financial accounting and personal accounting happens. It is now a company that has revolutionised invoicing, accounting and money management, as much as SalesForce revolutionised sales & customer relationship management. Intuit's online cloud accounting solution that goes by the name QuickBooks Online now supports Bitcoin. For a company that serves the fiat currency market segment, extending the innovation to the....
When I first started writing for CoinDesk, all my friends made the same joke: you aren't going to get paid in bitcoins, are you? I assured all concerned parties that I would work for nothing but US dollars. I made sure to get that in writing. But the more I learn about bitcoin, the more I realize that getting paid in the cryptocurrency would not be as scary as I feared. There aren't many people in the world right now who collect all or part of their regular salary in bitcoins, but those who do overwhelmingly report being satisfied with the set-up. Of course, they're a self-selected group -....
A 28-year-old Arkansas man is invoicing the US government, payable in bitcoin. Andrew Auernheimer of Fayetteville, Arkansas - known by his online handle 'weev', was convicted of computer fraud in 2012, although he has been set free on appeal. The invoice is a claim for compensation for an alleged case of wrongful imprisonment. In a letter, described as 'an invoice for services rendered', Auernheimer writes: "I am owed 28,296 bitcoins. I do not accept United States dollars, as it is the preferred currency of criminal organizations such as the FBI, DOJ, ATF and Federal Reserve and I do not....
Australia's leading bitcoin services company, CoinJar, published a blog post on Tuesday noting that a recent tax guidance from the Australian Tax Office (ATO) issued in August will impact the buying and selling of bitcoin on the service. According to the guidance, the supply of bitcoin is taxable for GST - the goods and services tax. What this means for consumers depends on the situation. Here's how CoinJar says it's all expected to play out: Buying bitcoin. As per the guidance, when buying bitcoin is Australia, the GST is applicable. Therefore, any price quoted to the buyer should include....
An online games company is offering a bundle of four games for a 'pay-what-you-like price' - as long as you pay that price in bitcoins. The four games are Eufloria HD and Classic, World of Goo, And Yet It Moves, and Spirits. You can set your own price for the bundle - as long as you pay in bitcoins. At the time of writing the average price paid was 0.2 bitcoins - currently worth $23 or £15. The company will donate ten per cent of all proceeds to the Electronic Freedom Frontier. The games developers will also get paid in bitcoins. The deal is only available for two weeks - until May 30. Gaming