Cryptocurrency payment platform Crypto.com announced the launch of a new invoicing feature. The feature will allow Crypto.com Pay merchants to generate and send invoices to customers in BTC, ETH, XRP, LTC, ETH and Crypto.com coin.
Crypto invoicing feature introduced to Crypto.com
Paying with cryptocurrencies is slowly beginning to look a lot like paying with credit cards, thanks to companies that introduce user-friendly innovations to their platforms. Crypto.com, a payments and cryptocurrency platform, has announced the launch of an invoicing feature.
According to the company’s blog post, the feature will be available to merchants on the Crypto.com Pay platform and allow them to generate and send invoices to customers who wish to pay for their goods or services with cryptocurrencies.
While merchants on the Crypto.com platform will have the items listed on an invoice priced in fiat currency, the recipients of the invoice will be able to settle the payment in the coin of their choice. Buyers can settle invoices using the Crypto Pay feature in the Crypto.com App, the company said, adding that the payment amount will be converted into the fiat currency of the merchant’s choice. The company said:
“The fiat amount converted is fixed to eliminate the risk of price fluctuation in cryptocurrencies.”
The platform currently supports invoice settlement in Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Crypto.com Coin (CRO)
Paying with cryptocurrencies becoming the new norm
This isn’t the first time Crypto.com has announced features that promote crypto payments. Last week, the company introduced a rewards program that incentivizes users to use its gift-cards. According to the company’s blog post, customers using their gift cards to pay for essential items such as groceries or food delivery will be able to earn back double the amount of the company’s Pay Rewards.
Apart from Crypto.com, other companies have also been working on their own invoicing solutions. Earlier this month, cryptocurrency payments provider NetCents introduced a recurrent billing feature. The company’s full-service invoicing suite is aimed at providing a complete merchant experience to its users.
OpenNode has also introduced crypto invoices this month, allowing users to send bills with professional, itemized invoices. German startup Shelli.io launched an IOTA invoicing and accounting software last month.
Disclaimer: CryptoSlate is an advertising partner for Crypto.com.
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Priyeshu is a software engineer who is passionate about machine learning and blockchain technology. He holds an engineering degree in computer science engineering and is a passionate economist. He built his first digital marketing startup when he was a teenager, and worked with multiple Fortune 500 companies along with smaller firms. When he is not solving transportation problems at his company (Ola), he can be found writing about the blockchain or roller skating with his friends.
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