- Nov 22, 2017
- 3
- 5
Hi.
My business builds fine wine investment portfolios for private individuals. We started to explore the idea of accepting Bitcoins as payment for fine wine (currently we only accept fiat currency) and so far the response has been great.
The idea is to provide a way to hedge against the fluctuations in the crypto currency prices and/or provide a way to convert BTC into fiat currency.
We established the company in 2009 and more information can be found on our website here http://apmwineinvestment.co.uk/paywithbitcoin/
Few bullet points below but any feedback would be greatly appreciated.
Why buy fine wine with bitcoin?
Exposure to an asset with capital growth that's exempt from capital gains tax and income tax.(UK).
Lower your risk exposure to crypto currencies by diversifying into a tangible asset.
Fine wine can be used as a store of wealth.
Fine wine remains in the UK bonded system, it can be traded on the international market and can be sold in any country.
Wine can be liquidated and funds remitted via bank transfer instantly and globally.
No KYC or tax reporting requirements imposed when selling fine wine on behalf of our clients.
No minimum hold times, wine can be liquidated immediately.
My business builds fine wine investment portfolios for private individuals. We started to explore the idea of accepting Bitcoins as payment for fine wine (currently we only accept fiat currency) and so far the response has been great.
The idea is to provide a way to hedge against the fluctuations in the crypto currency prices and/or provide a way to convert BTC into fiat currency.
We established the company in 2009 and more information can be found on our website here http://apmwineinvestment.co.uk/paywithbitcoin/
Few bullet points below but any feedback would be greatly appreciated.
Why buy fine wine with bitcoin?
Exposure to an asset with capital growth that's exempt from capital gains tax and income tax.(UK).
Lower your risk exposure to crypto currencies by diversifying into a tangible asset.
Fine wine can be used as a store of wealth.
Fine wine remains in the UK bonded system, it can be traded on the international market and can be sold in any country.
Wine can be liquidated and funds remitted via bank transfer instantly and globally.
No KYC or tax reporting requirements imposed when selling fine wine on behalf of our clients.
No minimum hold times, wine can be liquidated immediately.
