Can I invoice in bitcoins?

A client recently asked our Digital & Innovation department the following question: “Can I invoice in bitcoins?”. This novel question inspired us to write this white paper and give you a perspective on the "ready to use solution" for e-invoicing. We have consulted our various experts within BDO in order to put together a comprehensive answer.

In this white paper:

• What is bitcoin?
• How is this digital currency created?
• How can they be obtained?
• How much is one bitcoin worth?
• Is it possible to invoice in bitcoins?
  • Concept of legal validity
  • Concepts of bank account (IBAN-code) and addresses
  • Accounting treatment and electronix processing of the exchange rate
  • Payments Log
  • VAT declaration and payment
• Will blockchain technology support the use of digital invoicing?
• Our approach