Many companies invest immense efforts in renewing their products, in finding solutions for their customers’ needs and in enriching customer experience. Thus, many of these companies allow their customers to make payments for products or services with a variety of cryptocurrencies.
There are financial institutions that specialize in this and accept cryptocurrencies, and one can manage current accounts with them. Ultimately, the real challenge is ensuring that the money actually enters the current bank account in dollars/euros/shekels, and very few know how to do so lawfully and with full KYC.
Tal Ron, Drihem & Co., Law Firm
Hitech, Financial and Gaming Law
28 Ha’arbaa St., Northern Entrance,
34th Floor (Tal Ron Group)
P.O.B. 20010 | Tel Aviv 6120001 | Israel