Veem is a new global payment gateway and the first to use blockchains. They announced they will be using their own API and this API is designed to be uniquely developed to the individual needs of businesses that receive and send international payments. This is considered to be a breakthrough moving forward for a massive amount of businesses who have global wide partnerships.
They work by leveraging power of a multi-rail technology that uses blockchains. Veem is the first platform of its kind and is said to be one of the easiest ways to securely transfer money between 60 countries.
How Does Veem Work?
When using Veem, the developers are going to be able to develop the platform on the multi-rail system. This is said that it will help deliver a completely seamless experience for the users of the payment gateway and the more than forty thousand businesses who are using Veem.
The technology is changing the way businesses work. This is specifically true in regard to the way that vendors and suppliers are paying and getting paid. In the past it’s said that it’s been very painful and extremely slow. The process has been more of a pain than most businesses have wanted to deal with in the past. Veem worked hard to become accustomed to how experiences operated related to payments and commerce in the past.
They have developed a way to make everything work together. Veem is bringing a truly integrated experience to businesses with their unique API. They are making it possible and easy for every type of application to work together, making it possible to make payments happen for users all over the world. This is apparently something that has never been done before in the industry.
Some of the most impressive things to note is that Veem already is fully functional and integrates with Quickbooks, Xero and Netsuite. This makes the entire payment experience much simpler due to the fact that you can now even make auto-creating bill payments. This will help to eliminate duplicate entries and effectively reduce manual bookkeeping and cutting down normal errors.
Veem is an important movement because so many modern businesses are now moving to bigger and more widespread, global moves. Veem is now working with accounts payable to foreign currency exchanges and transfers. People are highly excited to start integrating Veem into their portals. They are providing companies with a seamless way to make bookkeeping more effective. Another part of business that is now working smoother is that of reporting as well. They are also making bill pay solutions easier, even those that use foreign currency exchange.
And as they say, the most important mission of Veem is to embody a global mission that keeps in mind the goals of being a botkeeper as well and to help lower the cost and make business more affordable for bookkeepers for entrepreneurs. If you’re looking for a great payment gateway, Veem seams to be the way to go.