Hi Everybody,
I'm sure I'm posting this in the wrong place since I'm new here and still getting my bearings; if so, please redirect me and I'll post where it belongs. I'm researching the ins and outs of making a film funded through cryptocurrency and having a tricky time wrapping my head around some of the logistics, hoping someone here can shed some light on things. It's a no-brainer to point out that a film's budget is what pays for the cast, crew, and goods & services, e.g. equipment rental, food, travel and lodging, etc. With most people and businesses not yet subscribing to cryptocurrency, how might a BTC funded project pay for those essentials? My best guess would be converting crypto to fiat, but I'd like to hear from someone in the know. I'm aware of at least 3 films that have been funded in crypto, but haven't (yet) tried reaching out to those producers to get their advice. Thanks in advance for any and all suggestions!
I really don't understand why is this such a dilemma for you.
Once (if) you receive the donations you exchange the coins to usd (all at once or when you have to settle bills) , unless you find somebody who is willing to take the coins and do the exchange himself or keep the coins.
The easiest solution would be with a 3rd party:
https://bitpay.com/docs/donations