An online accounting software for the small business, Xero, adds Bitcoin-powered payments via Veem startup.
As reported by coindesk.com, Xero users are now able to send payments via the blockchain. The new feature is provided by the Bitcoin-powered global payments startup Veem, which revealed its integration with the online accounting service in a statement provided to coindesk.com.
Connecting Veem with Xero simplifies international payments even further by eliminating double entries and simplifying reconciliation.
Mark A. Gilbert
CEO of MBS Accounting Technology & Advisory
Thus, Xero users can now enter a bill in the accounting software and pay it through Veem. Such transactions made will have a Veem payment ID automatically synced to their Xero reconciliation report. As reported, this feature will also enable users to set up automatic payments, as well as see details on currencies and exchange rates.