EFP 145: Building A Business With Bitcoin

Justin Cooke

September 18, 2015

If we’re being honest, Joe and I didn’t think much of bitcoin when we first heard about it.

We figured it was cool for the anarchists and bleeding-edge tech guys to talk about, but because we didn’t see a real business advantage for us we didn’t pay it much mind.

But that’s really changed for us in the last 12 months or so. Not only is it a viable (preferred?) method for buying and selling websites and online businesses, it’s an excellent way to pay contractors and distributed teams.

Why Bitcoin Just Works for Business Building

Gone are the days where it was difficult to buy/sell bitcoin. Today, you can operate in “bitcoin” without ever feeling like you’re switching out of USD or whatever currency you usually deal with.

In this episode, Joe and I get into how bitcoin is becoming a viable options for our industry and talk to Jonathan Chester of BitWage.com to discuss how his business is revolutionizing the way we pay distributed/remote teams.

If you dig this show, please do stop by and give us a review on iTunes. It goes a long way towards helping us build an audience and we’ll really appreciate it!

Check Out This Week’s Episode:

Direct Download – Right Click, Save As

Topics Discussed This Week:

  • How we’ve used bitcoin for buying/selling websites
  • Paying contractors and remove employees
  • Transferring funds out of tightly held economies (Vietnam, India, etc.)
  • Paying sellers anonymously

Mentions:

Spread the Love:

“Bitcoin has the ability to send payments across borders instantly and nearly for free.” – Jonathan – Tweet This!

“The longer you can go without raising money, the better off you’re gonna be.” – Justin – Tweet This!

“Good marketing with good web development is a deadly combination.” – Joe – Tweet This!

Are you currently using bitcoin in your business? Have any thoughts on how it can even better be applied in our industry? Leave us a comment – we’d love to hear from you.


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Discussion
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  1. Anil Painvly says:

    Hi i also heard this first time about bitcoin, and learn more about this may be this is currency of future, who knows ?

    thanks for info.

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