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.
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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.