Hong Kong-based cryptocurrency platform Crypto.com announced on Tuesday the launch of the invoicing features for Crypto.com Pay merchants to generate and send invoices to customers who wish to pay with cryptocurrency. Crypto.com reported that merchants may generate crypto invoices free of charge using Crypto.com Pay. Items listed on an invoice are priced in fiat currency and invoice recipients (buyers) can settle the invoice with cryptocurrency (BTC, ETH, XRP, LTC or CRO) using the Crypto Pay feature in the Crypto.com App.
“The payment amount will then be converted into fiat currency of the merchant’s choice. The fiat amount converted is fixed to eliminate the risk of price fluctuation in cryptocurrencies.”
Founded in 2016, Crypto.com is aiming to accelerate the “world’s transition” to cryptocurrency. Its key products include the Crypto.com App, the MCO Visa Card, and the Crypto.com Chain. The platform recently announced it has reduced withdrawal fees for a total of 12 cryptocurrencies.