For some time now, FinTech platforms have been trying to work hand-in-hand with crypto exchanges to offer crypto products. Coinbench reported previously that PayPal, for instance, is now offering crypto trading functionalities.
On Wednesday, 22nd of September, Monneo publicized its partnership with Coinbase. The essence of this partnership is to facilitate payment of invoices in crypto. Thus being the freshest partnership within the intersection of FinTech, crypto, and B2B marketing.
Monneo is a FinTech platform that provides International Bank Account Numbers and virtual corporate accounts. It enables them to create multiple bank accounts and accept payment in more than 130 international currencies. On the other hand, Coinbase is a popular crypto exchange where customers can trade or hold coins. The
According to the release, crypto adoption is increasing everyday and Monneo is incorporating it into invoicing. The management of Monneo noted that they closed this partnership to ensure that commercial transactions are settled seamlessly.
Reception of invoice payments will make things easier for businesses to collect their payment in their preferred coins. On the other end, the customers will also have a wider option to pay in crypto, rather than the usual fiat.
Monneo’s MD, Lili Metodieva, explained thus:
“Increasingly companies in the IT and software sectors issue invoices with the option to settle via cryptocurrency, as well as traditional currency. Through its relationship with Coinbase, Monneo is responding to customer demand and remains at the forefront promoting flexibility in how payments are executed…”