Users of cloud-based accountancy platform Xero can now send payments via the blockchain.
Aimed to make life easier for small businesses carrying out cross-border trade, the new feature comes courtesy of bitcoin-powered global payments startup Veem, which revealed its integration with the online accounting service in a statement provided to CoinDesk.
The news means that Xero users can now enter a bill in the accounting software and, with a few clicks, pay it through Veem. Transactions made this way will have a Veem payment ID automatically synced to their Xero reconciliation report. The feature will also enable users to set up automatic payments, as well as see details on currencies and exchange rates.
Mark A. Gilbert, CEO of MBS Accounting Technology & Advisory, is quoted in the statement as saying:
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has ownership stake in Veem.
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