Fina V Capital will accept Bitcoin (BTC), as payment for its
advisory services. The President of Fina
V Capital Keith Gilabert states, “We cater to clients from all over the world,
we can show value to our clients by avoiding the conversion fees that banks
charge. It is important that we do this
for both business and philosophical reasons.”
Gilabert states, “After several months of reviewing the
feasibility of accepting Bitcoins we came to the conclusion that there zero
risk. The exchange into USD will be
instant and without any party suffering an exchange rate fee, it is a win-win
for both parties.”
There are currently 178 currencies used around the
world. The exchange rates fluctuate
quite a bit and the banks processing fees can reach as high as 12% on a single
transaction. With Bitcoin you eliminate
the banks processing fees and save up to 10% on the transaction.
Fina V Capital’s advisory fees range from a flat fee of
$25,000.00 to as high as 5% of the contract value. Retailers such as Overstock and Tiger Direct
have already processed over $1 million in Bitcoins within the first week.
Because Fina VC caters to entrepreneurs of emerging
companies, some of whom want to mine Bitcoins, it fits within our corporate
culture, said Gilabert. “Being first in
our industry to accept Bitcoins will give us a competitive edge especially on
the international community. We have had
several inquiries about accepting this digital currency, there are many
entrepreneurs that have a lot of value in Bitcoins and are now looking for way
to leverage that value into a viable business venture” said Gilabert.
Bitcoins are gaining traction from the demand of businesses
and consumers, earlier this month retailers Overstock.com and Tiger Direct started
accepting Bitcoins as payment. “This is
an important step towards creating a reserve currency that is free of the
excessive fees charged by banks and brokers.
I expect to see other major retailers announce acceptance of Bitcoins
this year,” according to Gilabert.
Fina V Capital issued a buy recommendation on the digital
currency last month when it was trading at $623.00 per coin. It recently traded as high a $950.00 per
coin. Gilabert says, “I would recommend
buying this digital currency on dips, this currency is here to stay because it
does one thing, it cuts out the government and banking middleman and it allows
direct deposits.”
Former Facebook executive Chamath Palihapitiya stated, if
Bitcoin could establish itself as a “useful reserve currency” it could worth
more than $400,000.
According to Gilabert, “The reason People’s Bank of China
announced that commercial banks in the country could no longer deal in the
digital currency Bitcoin was because it undermines their Central Bank. Bitcoin allows a way to securely record
transactions without the need for a Central Authority to confirm or verify
those transactions. ”
“If you take Bitcoins and evaluate it has a standalone
trading vehicle it shares the same virtues of gold. Bitcoin is mathematically constrained to 21
million coins, and the supply will grow in a predictable manner as needed ”
according to Gilabert.
About Fina V Capital
Fina V Capital is a boutique venture capital firm founded by
Keith Gilabert. The firm advises mergers
and acquisitions, buyer and seller representation, capital planning, financial
restructuring, securitization transactions, and credit rating advisory
services. Additionally, it offers structuring, target valuation, fixed income
and equity offerings management, capital structure analysis, and deal
negotiation services.
Target clients range from emerging growth companies led by
dedicated entrepreneurs to late-state, established companies seeking cash-flow
for expansion. We give our clients
access to our contacts of Fortune 500 companies which will add diversity to
their product lines and help fuel growth.
There are less than a dozen consulting firms worldwide that can offer
this level of service.
