Payments app Veem to offer locked exchange rates for SMEs

Monday 25 November 2019 10:30 CET | News

US-based blockchain payments app Veem has launched locked exchange rates for SMEs to help them budget for at least 3 months in advance.

Veem started off as a regular blockchain payments app for businesses and individuals. The offering is designed to help small and medium businesses get a more competitive advantage in the global market by working on fixed rates.

The offering will reduce foreign exchange volatility that often keeps smaller businesses in a disadvantaged position. It will streamline forex payment processes for the businesses by giving them easy access to the feature. In practice, companies may lock the exchange rate within 30 seconds. The company keeps its pricing flexible and doesn’t charge any hidden costs.

The app provides quick integration with popular accounting software like QuickBooks, Xero, and NetSuite, adding the power of blockchain to accounting apps used by small and medium businesses.

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Keywords: Veem, B2B payments, online payments, US, United States, QuickBooks, Xero, NetSuite, exchange rate, Forex, foreign exchange, foreign exchange volatility, North America, payments
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech