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Tuesday, September 12, 2017

Xero to Offer Cross-Border Payments Through Bitcoin Partnership With Veem

Xero to Offer Cross-Border Payments Through Bitcoin Partnership With Veem

New Zealand-based accounting software company Xero has announced that it will partner with Veem to provide cross-border payments services to its customers. NZ businesses will now be able to execute international transactions in fiat currencies through use of blockchain technology

Xero’s head of developer evangelism, Sid Maestre, has stated that Xero is “excited about the additional functionality the Veem integration brings our customers… “Global platforms like Xero and Veem have a massive opportunity to eliminate the headaches small business owners face doing trade across borders, in turn helping their businesses thrive.” Veem is a global payment company that seeks to facilitate small businesses in sending and receiving payments in national currencies. Veem converts a sender’s funds into bitcoin before immediately selling such in exchange for the requested currency of a recipient, allowing businesses to bypass intermediary financial institutions. Veem was founded in 2014, and now offers its services to 60 different countries.

2017 has been a successful year for Veem, with the company rebranding from Align Commerce, following the successful raising of $24 million USD including investment from Silicon Valley Bank, Kleiner Perkins Caufield Byers, National Australia Bank Ventures, GV (formerly Google Ventures), and SBI Investment Co at the start of the year. In June, Veem announced that it would be partnering with Intuit Quickbooks.

Full story at

Source: Bitcoin News

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