Through a partnership with Coinbase, Monneo now accepts cryptocurrencies as a method of payment for invoices.
Monneo, a virtual IBAN and corporate account provider regulated by the Financial Conduct Authority (FCA), has partnered with cryptocurrency exchange Coinbase to enable payment of invoices in a variety of cryptocurrencies. The new service will be available for B2B invoice settlement, and two of Monneo’s partner banks will support it.
Coinbase, a secure online exchange platform for buying, selling, transferring, and storing digital currencies, is an industry leader in the cryptocurrency space.
Monneo’s Managing Director, Lili Metodieva, comments, “We are thrilled to offer corporations an additional payment option. Monneo will closely monitor the launch and rollout of this new service to ensure its security and dependability for both payers and payees.
“Companies in the IT and software industries are increasingly issuing invoices with the option to pay in cryptocurrencies as well as fiat currency.” Through its partnership with Coinbase, Monneo responds to customer demand and remains at the forefront of promoting payment execution flexibility.
“On its platform, Monneo now accepts leading cryptocurrencies in addition to more than 130 fiat currencies.” Essentially, cryptocurrency payments are identical to FX payments made with fiat currencies. The mechanisms are identical”
Metodieva continued, “Regardless of one’s stance on cryptocurrencies, they are here to stay. Many people recognize its utility and appreciate its use. We believe that by partnering with Coinbase, Monneo provides its customers with the highest level of service on the cryptocurrency market.
Monneo’s network enables online merchants and B2B companies to set up multiple IBANs in their company’s name across multiple banks.
Customers of Monneo can receive and send payments in more than 130 currencies internationally due to the company’s high service standard and “private banking” approach to business clients, as well as its expertise and knowledge of all aspects of merchant payments.
