Payment in crypto

professional profile

July 29, 2022

by a professional from New York University in New York, NY, USA

I have a client who is buying a business (~$20MM) and the seller wants to be paid in crypto (a specified mix, but mostly in $BTC and $ETH). I feel like this is a very strange ask, as the business is SaaS but nowhere near crypto/blockchain. Has anyone had this request, and I feel like we should just reject it out of hand due to the extra steps and we're paying him cash. Thoughts?

0
3
121
Replies
3
commentor profile
Reply by a searcher
from Columbia University in United States
Fishy at the very least. Possible tax avoidance.
commentor profile
Reply by a professional
from University of Minnesota in Minneapolis, MN, USA
Did your client end up paying via crypto?
commentor profile
+1 more reply.
Join the discussion