Gilded, a self-described “invoicing, payment, and accounting software” that “helps businesses get paid faster and more transparently, with dramatically lower fees,” has launched what it calls a B2B solution for the San Francisco-based Coinbase cryptocurrency exchange.
The platform, having been founded in 2018, has “been a leading provider of non-custodial digital currency payments” overall.
The goal of Gilded is to solve the current dilemma facing cryptocurrency wallets. Essentially, it’s near impossible for users to invoice via their cryptocurrency wallets, despite being able to send and receive funds from them.
Billions each year in cryptocurrency are transferred between wallets, and Gilded wants to assist by adding invoices. This is what the B2B feature for Coinbase is for.
An excerpt from a press release reads:
“Gilded’s Coinbase integration allows any company to send invoices and accept payments in Bitcoin, Ethereum, or the USDC stablecoin. Payments are sent directly to the company’s Coinbase account, which is tracked and reconciled within Gilded. Businesses using Gilded for Coinbase need not worry about wallet addresses, custody of funds, or tracking payments. Payments can be sent around the world in minutes without incurring additional transaction fees.”
The idea should streamline invoicing and sending money to and from users.
Speaking on the matter is Hil Hildebrand, the CEO of Gilded, who had said:
“The benefits of digital currency are clear, but the experience hasn’t always been accessible or user-friendly—especially for businesses. Gilded changes that. Today, Coinbase’s 30 million users have gained access to essential tools for business.”