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December 18, 2013, 05:55:25 AM |
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ok I am not sure what is the best way to ask this questions i'll set up a situation for you.
Lets suppose I own two business one in US, and one in South America. So in order to fund the operations I need to transfer money back and forth constantly. Right now that transaction requires high frees and double tax, which adds up to big losses.
Now if i am getting this right i can set up a few bitcoin wallets. One linked to my South American account and one to my US account, and transfer money via bitcoin to be funded with no taxes and very small fees. I am new to bitcoin and want to understand if there is anything I am missing here that will not allow me to do that. Because if this transactions is possible it will save me a lot of money!
Thank you and I look forward to the feedback and advice.
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