CoinMarketCap (CMC), a top cryptocurrency data platform, collaborated with Gilded, a finance network headquartered in New Orleans, to offer automated invoices along with crypto and traditional payment options for clients.
Automated Crypto Invoicing for CMC Clients
According to a press release on Markets Insider on Thursday (April 23, 2020), CoinMarketCap will integrate Gilde’s automated crypto payments solution, which is a first of its kind, to ensure swift international payments using virtual currency while eliminating transaction fees.
Speaking on the use of Gilded’s solution, CoinmarketCap’s VP of Operations & Growth, Spencer Yang, said:
“Gilded makes the integration of the sales process to receipt of payment easier, enabling our team to focus on delivering value to customers instead of managing the payment process manually. We have more predictability and can leverage Gilded’s initiatives on best practices as well.”
Also, while the use of digital currencies such as bitcoin and ether make transactions faster and cheaper, the use of nascent technology can be daunting for novices. However, the use of Gilded’s crypto payments solution requires neither expertise nor a manual process.
A statement from Gil Hildebrand, the CEO of Gilded, reads:
“Digital currency empowers businesses to transact globally while accelerating cash flow and minimizing fees. Our solution puts digital currency payments and accounting on autopilot, so businesses can focus on innovation and growth.”
Furthermore, the use of the Gilded solution by CMC will not only make invoices automatic but will also offer a range of payment options to customers. Therefore a customer can either decide to pay in crypto or via traditional payment channels such as wire transfers and credit cards.
According to a source from Gilded, when a customer pays using either the crypto or traditional payment options, the payment goes to a digital currency exchange, rather than a wallet or an individual.
CoinMarketCap Expanding Presence in Cryptocurrency Market
The integration of Gilded automated crypto payments solution by CoinMarketCap comes after the acquisition of the crypto data provider by the digital currency exchange platform giant, Binance.
Back in October 2019, CMC launched a new tool on its platform that will enable users to get information on best interest rates on different virtual currencies offered by recognized lending platforms.
Also, the crypto data platform acquired Hashtag Capital to integrate the latter’s “true price” algorithm to which will see more accuracy and transparency in the pricing of the digital tokens on the CoinMarketCap website.
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