Crypto data provider CoinMarketCap has tapped payments firm Gilded to automate invoicing and offer crypto payment options to clients.
In choosing Gilded, CoinMarketCap’s aim was to scale its operations.
The Gilded solution is said to facilitate instant global payments with cryptocurrencies.
All this is done without transaction charges.
The solution enables automatic creation of invoices and automatic detection and reconciliation of payments.
It also supports integrated custody and exchange as well as non-custodial workflows.
CoinMarketCap VP of Operations & Growth Spencer Yang said: “Gilded makes the integration of the sales process to receipt of payment easier, enabling our team to focus on delivering value to customers instead of managing the payment process manually.”
Crypto currencies are considered to be complex to use even though it has benefits over conventional currencies.
Gilded said that it simplifies this issue by removing the requirement for manual steps or expert training.
It integrates with credit card, bank wires and other traditional payment channels, as well as integrates with CRMs and bookkeeping systems.
Gilded CEO Gil Hildebrand said: “Digital currency empowers businesses to transact globally, while accelerating cash flow and minimising fees.
“Our solution puts digital currency payments and accounting on autopilot, so businesses can focus on innovation and growth.”
Gilded is backed by Techstars and Request Network. The firm was set up in 2018.
It collaborated with TrustToken, Paxos and Stablecorp earlier this year to launch a B2B payment solution powered by stablecoins.