Lol.
So a real question on this: without a normal business bank account, how would a person pay any taxes owed? ACH out of the strike cash balance?
I'm very curious how that might work.
Hey nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle I'm applying for a Strike business account but it's asking me for a bank statement. Will this document pass your approval process?
Discussion
The plan is to ACH out of the Strike account, yes (but not cash balance - don't plan on having any dollars in here)
Interesting. So I suppose strike would auto sell the Bitcoin then to cover it?
That's how Strike works currently, yea. You get a routing number and bank account and you can use it for bank transfers / "bill pay". you hold bitcoin and it is converted to dollars at the time of the transaction.
You _can_ hold dollars there if you want. but...why?
Cool. Just curious. I have and use strike to dca, but I have never used it for 'banking purposes' like that.
Yeah, ACH via EFTPS is a breeze. The IRS makes it surprisingly easy for you to send them the money they steal from you. It’s very efficient as government processes go.