Quote:
Originally Posted by Santo10Fan
So the seller is swapping investments-card for crypto?? I would be doing the opposite. It had to have been a take-it-or-leave-it condition for Heritage to accept those terms. Unprecedented. Seller must have signed a contract to agree to cough up seller's premium in USD as a reimbursement. Since crypto is peer-to-peer this is the only way it could work. Buyer pays seller direct, no middleman. If it's a state with HA sales tax collected this is going to be even more complicated. How in the heck would HA deal with the buyer premium though? I bet HA is praying they get a buyer who pays USD.
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If the winning bidder pays in crypto, they'll send me the crypto, and I'll pay HA their commission in USD. Crypto is very liquid even though it's volatile so I'm not trying to do a straight up swap. I have enough exposure in that space already. I'll convert most of the proceeds to USD, pay HA, pay for my house, and go on a card shopping spree.