Cryptocurrency payments platform crypto.com has launched a new cryptocurrency invoicing feature that allows merchants to generate and send invoices to customers who wish to pay with cryptocurrency.
Since various companies introduce more innovations to their platforms, payments in virtual currencies become more commonly adopted. Crypto.com, a payment platform with over a million users, introduced an alternative to traditional invoicing.
According to the official blog post announced yesterday, the new crypto invoicing feature will be available on Crypto.com Pay platform, where retailers will be able to generate crypto invoices free of charge.
As payments listed on the invoice are priced on fiat currency, recipients will be able to settle the invoice with virtual currencies, such as Bitcoin (BTC), Ether (ETH), Ripple (XRP), Litecoin (LTC) or Crypto.com native coin CRO. The payment amount will then be converted into the fiat currency of the merchant’s choice. The fiat amount converted is fixed to eliminate the risk of price fluctuation in cryptocurrencies.
Crypto payments more regular
Crypto.com has already made previous steps to promote payments in digital assets. The Hong Kong-based company launched a rewards program last week, that motivates users to use Crypto.com gift cards.
This month also witnessed activities from other companies, introducing their own virtual asset invoicing solutions. A few weeks ago NetCents, a cryptocurrency payments solutions provider, informed about the addition of a recurring billing feature. The full-service invoicing suite equips provides merchants with tools that enable them to track their payment cycle when invoicing clients.
OpenNode, a bitcoin (BTC) payment processing platform, also announced earlier this month about the addition of customizable and programmable invoices, that include tax rates, discounts, issue and due dates.