Gilded is excited to announce a new partnership with Paxos, the first regulated Trust company for digital assets. The partnership enables businesses transfer money faster using the Binance USD (BUSD) and Paxos Standard. (PAX) stablecoins.
During the global crisis triggered by COVID-10, businesses are struggling to survive the major disruption to normal business.
Cash flow is the first thought on every CEO's mind. Getting paid quickly has never been more essential.
Today, businesses aren't just operating locally. We're global now. The added complexity of international vendors and customers only exacerbates the challenges with slow and expensive payments.
Here are some of the many reasons businesses need to move money internationally:
- Accounts receivables from overseas customers
- Transferring funds between a parent company and subsidiaries
- Paying offshore teams or contractors
With stablecoins like BUSD and PAX, companies don't need to accept the delays and lack of visibility from bank wire transfers. Stablecoin payments can be sent globally in real-time.
Now, with Gilded, businesses can integrate the BUSD and PAX stablecoins into their existing payments and accounting process.
Gilded's crypto invoicing solution enables corporate finance teams to send an invoice priced in USD (or another currency) and receive payment in BUSD or PAX. Gilded integrates with traditional accounting software like QuickBooks to enable full accounting and transparency for stablecoin payments.
"We're perfectly aligned with Paxos' mission of creating a global, frictionless economy," said Gil Hildebrand, CEO of Gilded. "Paxos is a regulated financial service provider that businesses can trust. Our Paxos collaboration finally unlocks the ability for businesses to use digital currency for real-time payments."
Walter Hessert, Corporate Strategy for Paxos, added, “Stablecoins will change how payments are made around the world. By partnering with Gilded, we’re making it possible for businesses to use PAX and BUSD in everyday invoicing. We’re excited that Gilded is a part of expanding the practical use cases for Paxos stablecoins.”
Gilded is free to start and pays for itself with just two international payments a month. There are no processing fees on transactions, and payments are sent peer to peer.
To learn more about using PAX and BUSD for payments, visit:
Stablecoin payments with Paxos Standard (PAX)
Stablecoin payments with Binance USD (BUSD)
About Paxos
Paxos is a regulated financial institution on a mission to create a global, frictionless economy. By building infrastructure to enable the movement between physical and digital assets, Paxos is creating a future where all assets — from money to commodities to securities — are digitized and can move instantaneously, 24/7. In 2015, the DFS granted Paxos a Trust charter, establishing it as the first company approved and regulated to offer crypto products and services. Paxos is also a licensed money transmitter in 47 states and holds a BitLicense issued by the NYDFS. By seeking the highest forms of compliance and regulation, Paxos has distinguished itself within the blockchain industry and earned the trust of discerning institutional and individual investors.
Since then, they continue to operate within established regulatory frameworks while creating innovative new products. With offices in New York, London and Singapore, Paxos takes a global view of modernizing the financial system. Learn more at https://paxos.com.
About Gilded
Gilded empowers businesses to transact globally, using blockchain to unlock more efficient business operations. Our seamless invoicing, payment, and accounting software helps businesses get paid faster and more transparently, with dramatically lower fees.
Founded in 2018, Gilded is backed by Techstars and Request Network, and was recently selected to participate in an accounting-focused startup accelerator presented by the Association of International Certified Public Accountants (AICPA) and CPA.com.
