Young Platform

Bot Only Euro: the solution for accepting crypto payments without tax impacts

JN

Jacqueline Nieder

February 19, 2025

4 min

Young Platform introduces Bot Only Euro (BOE), an innovative service designed for companies that want to accept cryptocurrency payments without dealing with management complexities. With BOE, cryptocurrencies received are automatically converted into euros, simplifying accounting and minimizing volatility risks.

The growth of digital and international payments

Europe remains a world leader in the overall volume of digital B2B transactions, driven by the adoption of advanced technologies in international payments. However, traditional banking systems often need to improve their speed and cost.

Blockchains for cross-border payments offer an extraordinarily convenient alternative, with costs up to 5,000 times lower than traditional methods and speeds up to 432,000 times faster. Using stablecoins – digital currencies pegged to the value of conventional currencies such as the euro – also guarantees stability and security, eliminating the volatility of classic cryptocurrencies.

Why are stablecoins crucial?

Stablecoins are distinguished from other cryptocurrencies by their stability. For example, 1 USDC equals 1 dollar, while other stablecoins replicate the euro’s value. They are ideal for international payments, making transactions cheaper, faster and more transparent. This makes them perfect for:

Cross-border payments without high costs or bank delays.
International trade, where unfavourable exchange rates can be an obstacle.
Payments in crypto are for NFT purchases, royalties, or digital services.

Bot Only Euro: convert crypto to Euro automatically

Accepting payments in crypto represents a unique opportunity for companies in all sectors, especially in areas such as import-export, where cryptocurrencies can overcome the inefficiencies of traditional banking systems.

Young Platform’s BOE service makes this easier:

Automatic conversion: every payment received in cryptocurrencies is converted into euros at the market rate in real time.
Flexibility: companies can select which cryptocurrencies to convert or keep in their wallet.
Tax stability: The immediate conversion generates no capital gains or losses, thus avoiding additional tax implications.
Simplified operation: no more manual crypto sales transactions.

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Blockchain payments and speed with Layer 2

Thanks to Layer 2s, such as the Lightning Network, blockchain payments become even faster and more scalable. These systems are ideal for:

International remittances with minimal costs.
Cross-border B2B payments, ensuring security and scalability.
Global micro-payments, where speed is of the essence.

Blockchain payments guarantee traceability, transparency and security that surpass traditional banking systems.

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The Importance of the BOE for Companies

There are numerous businesses to which the Bot Only Euro is dedicated; just think of import-export. Accepting Bitcoin and other virtual currencies can make foreign trade cheaper. For example, suppose a partner company is based in a non-European country where the currency has an inconvenient exchange rate or whose banking system is inefficient. In that case, payment on the blockchain can circumvent these obstacles.

Companies that choose to accept cryptocurrency payments can reap numerous benefits:

Access to a growing market: The adoption of crypto as a payment method is continuously expanding and is driven by customer demand.
Efficiency in international payments: overcoming the limitations of traditional banking circuits, especially in countries with poorly performing financial systems.
Support for Web3 innovations, such as NFTs, represents a new revenue and digital identity frontier.

The case of NFTs

In 2020, the trend of Non-Fungible Tokens, blockchain-based digital objects that can represent works of art, collectables, or certificates, exploded. Thus, many brands and artists, from fashion houses to singers to video games, have started to create their own collections; these tokens have become a must for brands’ brand identity.

NFTs are usually purchased with cryptocurrencies, which go to the author, i.e., in this case, the company or artist. In addition, they can generate royalties, as they secure the copyright on the blockchain and the corresponding remuneration for the use of the work.

Consequently, any company that issued one or more NFTs could receive cryptocurrency payments and revenues.

How to activate the Bot Only Euro?

Activating the BOE service is simple. To get started, you need to open a Business Account on Young Platform, which allows companies to:

Receive cryptocurrencies directly into the corporate wallet.
Convert them automatically into euros, simplifying cash management.

To receive cryptocurrency payments on the Young Platform account, any company can simply share its wallet address with the customer.

Contact the dedicated business services team to discover all the benefits and activate Bot Only Euro. Write to [email protected] and start turning crypto payments into an opportunity for your business now!

Visit the page dedicated to companies, start-ups, non-profit organisations and institutional clients.