This article was first published on Request - Medium
👋 Request enthusiasts,
Small and Medium-sized Businesses (SMBs) presently are stuck in terms of invoicing in the traditional industry. While the world is seeing a growing adoption of digital currencies mainly by end-users, most businesses still can’t make the most out of crypto technology easily. Undoubtedly, blockchain is bringing real-world benefits for transactions in an open and decentralized network. However, there are still risks involved around inexperienced users with the technology and a lingering skepticism from the use of cryptocurrency as means of payment. Businesses are seeking more certainty and transparency with the help of a reputation system and to have access to more financial services. Read further on how Request and specifically its Request Invoicing App are tackling these challenges.
- SMBs, freelancers, crypto organizations & DAOs need better invoicing
- Blockchain is one of the most promising technologies, yet still involves risks due to manual tasks
- Despite the attractiveness of Crypto & DeFi, businesses perceive a compliance risk
- The invoicing actors are not fighting the risk of not being paid
- The financing options for businesses are almost nonexistent
1. SMBs, freelancers, crypto organizations & DAOs need better invoicing
There are problems to solve in the invoicing and payments space. One of the most obvious ones being the lack of openness and interoperability between systems . Opening a bank account or using a bookkeeping software feels like committing forever with a similar feeling as the one we have when facing a choice between Android and iPhone.
Payments can be expensive and slow , especially when dealing with them internationally.
There’s also a lack of innovation . When the best invoicing software charges a premium fee for uploading a logo, that means there’s not much innovation happening in this industry.
The invoicing software relying on the Request core technology can make the most out ...
To keep reading, please go to the original article at:
Request - Medium