The COVID-19 pandemic is changing the way the world thinks about employment. With the rise of the gig economy (CNBC) following pandemic-related furloughs and layoffs, freelancers and business owners are demanding new payment features that are faster and more globally-connected and Crypto.com can help.
Interest in cryptocurrency continues to surge with the recent Bitcoin boom and the expanding applications of blockchain technology. At the same time, institutional investors are entering the market and further accelerating its growth. Business owners have taken notice of this trend and are looking for ways to add Bitcoin and other cryptocurrencies to their list of accepted payments.
Our benefits partner Crypto.com new features make it easy for freelancers and businesses to accept crypto payments with Crypto.com Pay, which offers a variety of settlement currencies in crypto and fiat. Keep reading to learn more about the new Crypto.com Pay features that cater to these service providers.
New Features: Invoices for service providers by Crypto.com
To help fill the need for new payment tools, Crypto.com has launched new free features that allows Crypto.com Pay merchants to send and receive invoices. Any client with a wallet that supports CRO, Crypto.com’s native token, can make payments to service providers at no cost.
To access this feature, select ‘Invoices’ on the left side of the Merchant Dashboard, click the ‘New Invoice’ button, and follow the on-screen instructions. More information can be found on the Crypto.com blog and Help Centre.
Metamask and WalletConnect compatibility for merchants
At the end of November, Crypto.com announced that Crypto.com Pay merchants will now be able to accept MetaMask and WalletConnect payments. This upgrade makes it faster and easier for customers to complete the checkout process using Crypto.com Pay. Now, all MetaMask or WalletConnect users have to do is select their respective wallet at checkout, removing the slow and error-prone process of manually typing their wallet address and payment amount.
This MetaMask and WalletConnect integration gives Crypto.com Pay significant advantages heading into 2021. At the end of 2020, DeFi yield farming created a buzz within the cryptocurrency industry, ending the year with over $13 billion in total value locked. By contributing liquidity to various DeFi projects, crypto investors have been able to earn passive income without taking all the risks that crypto trading entails. Given that many of these DeFi projects run on Ethereum, and MetaMask is one of the most popular Ethereum wallets, payment gateways that support ETH wallets will attract more customers. For example, WalletConnect is similar to MetaMask, but has a more beginner-friendly interface.
Accept payments from 30+ million wallets with Crypto.com
Accepting payments and getting payouts with Crypto.com Pay is easy. It’s connected to over 30 million cryptocurrency wallets, giving customers the ability to choose from multiple cryptocurrencies and make faster payments. You can choose to receive your payout in USDC or TUSD, or settle with EUR if you prefer the fiat option.
Sign up for a Crypto.com Pay account by clicking here.
Visit Crypto.com Pay to learn more about their features and on how to accept cryptocurrency payments for your business.
Import your trades (API & CSV) from 110+ exchanges/wallets
Support for DeFi/DEX trades (e.g., Uniswap) using our ETH+DEX import
We support Binance Smart Chain trades with our BSC Importer.
Automatic Gains, according to 12 accounting methods (e.g., FIFO, LIFO, HMRC, ACB).
Generate fully-compliant Tax Reports in your country.
If you need personalized help reviewing your transactions or preparing your US tax returns, check out our CoinTracking Full Service. CT Full Service is provided by a team of crypto tax professionals led by Sharon Yip, an expert CPA. Follow our weekly AMAs on Twitter where Sharon Yip answers your crypto tax questions.
Check all the benefits from our network of partners:
Your US Tax Return ready to file: 20% discount on CoinTracking Full Service to all CoinTracking premium users
Get your crypto data on order: 1000 Free API calls and 20% discount on all Cryptosheets paid plans.
Free Crypto courses by CryptoCandlz for all CoinTracking users.
Learn how to trade with Sharper Trades, offering a 50% discount to CoinTracking users.
Get $25 in CRO tokens by Crypto.com.
Buy the best crypto wallet, BitBox, with a 10% discount.
Find your next crypto job with Crypto Careers (25% discount on their products).
Get the best crypto research with TokenMetrics, offering a 10% discount on their plans.
90-days full free access on CryptoView.
In-depth analysis by Crypto Research with a 20% discount on their plans.
On-chain data by IntoTheBlock with 90-days full free access for CT premium users.
Follow our weekly content clarifying all your crypto tax doubts
Is Bitcoin taxable? The ultimate guide for 2021 taxes.
Tax implications of getting paid in Crypto.
Do you pay taxes on crypto trades?
How to report crypto in your taxes?
Earn Interest on Crypto: The Taxes Guide.
Do you pay taxes when spending crypto on products?
Crypto debit cards: The best 5 providers in 2021.
Do you pay taxes on Bitcoin debit cards purchases?
Find Crypto tax accountants near me.
How to calculate taxes with Bitcoin dollar-cost averaging?
Tax implications of buying a Tesla with Bitcoin.
Exchange imports: The 2021 guide by CoinTracking.
Disclaimer: All the information provided above is for informational purposes only and should not be considered as professional investment, legal, or tax advice. Moreover, you should conduct your own research or consult with a professional financial advisor when investing.