I have a non crypto related business and a Monzo business bank account. I have a client who wants to pay in Bitcoin.
I can receive the payment to a company cold wallet and then transfer it to a Coinpass business account to convert it into fiat. Coinpass is part of Oanda.
My question simply is, would there be any issues with receiving a Coinpass payment into my Monzo business account ?
Nobody can really say if the payment will be flagged for review, while infrequent, never impossible.
If you have paperwork verify the payment from source you should be fine.
Personally I would never have accepted bitcoin for payment of a business invoice. GBP from a bank account to my bank account. Perhaps I’m just old fashioned. Why can’t the client convert bitcoin to GBP and send that to you?
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