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Can we use Bit coin as equity for company shares. How do we exchange the bit coin for real money the banks will accept?
Bit coin as equity
Answers
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As far as I understand your intention, the answer is no. A Bitcoin represents a bitcoin, and not your company or a share thereof it.
What you CAN do is create either a crypto currency yourself and sell it as shares, or run a contract on the Ethereum network.
However, I cannot, in good faith, say this is a good idea. You would be better served with a proper crowd-funding campaign or similar, if being listed on an equity exchange is not an option for you.
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If you want to use crypto coin as the shares of your company, you can use Ethereum core. It is opensource, you can always use it to create a new crypto with smart contracts. You can use ethereum as some community currency, some type of stock/share auction, online auction, even for selling BTC!!!
You convert property to money by a process that is referred to as "selling". You sell bitcoins by going to a company that specializes in bringing buyers and sellers together such as coinbase, gemini, bitstamp, or kraken. – David Schwartz – 2017-06-11T06:16:59.153
I'm not sure what the point of using Bitcoin as equity shares would be? But you can convert Bitcoin to fiat easily: https://gemini.com https://coinbase.com https://xcoins.io
– Marc Alexander – 2017-06-11T10:10:11.600