Crypto payment between 2 entities

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762Mike

New member
Hi everyone,

I have a UK LLP ("HoldCo") that owns IP addresses and I would like to lease them out on a monthly or yearly basis to my other company, a Belize LLC ("OpCo").

The OpCo would pay for the IPs using Monero as that's what I receive from my customers.

Can this be done and if so, what kind of legal documents are required for this to work?



In addition to that, I would need the HoldCo (the UK LLP) to sell the received XMR for EUR so that I can cover some expenses within Europe. Approximately 2500 EUR per year.

I have verified Kraken, Wise and Payoneer accounts for the LLP.

Can I simply sell the XMR via Kraken, withdraw it to Wise via EUR IBAN and pay my suppliers via SEPA or would Wise complain about it/close the account?

Thanks,
Mike
 
Last edited:

762Mike

New member
Wise says the following:

"You can receive money to your Wise account from a platform that deals with cryptocurrencies — as long as the platform is regulated and/or supervised in the EU or UK."

But yeah, I'd rather not use Wise for this. I would rather "burn" an account at some Lithuanian EMI instead of Wise which gives me USD details if I ever need them.
 
Last edited:

lostguy

Mentor Group Gold
Invoices is fine, you don't need much to get this work!
 

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