Swapin Use Cases: How Businesses Can Invoice, Pay Salaries, and More with Crypto

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Nowadays, online stores are ready to receive crypto payments, and the number of transactions for the purchase of real estate, cars and other valuables for crypto is increasing every month. The only unresolved issue was the instantaneous conversion of digital assets into fiat directly to a bank account, as well as the security and legality of the transactions made… Until the revolutionary crypto-fiat payment solutions from the Swapin platform appeared on the market. .

Now companies can pay employees salaries in crypto with automatic conversion to EUR to a bank account, accept crypto-fiat payments and transact. This article covers real-life use cases of Swapin platform B2B solutions by well-known companies.

Some facts about Swapin

Swapin – is a European-licensed crypto-fiat platform. The company has been actively developing since 2017 and recently closed a €1.68M fundraising round from the founders of well-known fintech and IT companies. The site showcases a comprehensive set of solutions aimed at bridging the gap between digital assets and banks. Businesses and individuals can instantly convert digital assets in fiat currencies to a personal or corporate IBAN account, which will help avoid unnecessary bookkeeping and fight to comply with legislation.

Payroll on Pax.World

A stable salary is a key factor influencing an employee’s decision to work for the company. Fast-growing projects, such as the open metaverse Pax World, want to attract and retain only the best specialists. Paying salary in cryptocurrency is a modern solution, but not always the most convenient. The volatility of digital assets can rob an employee of a quarter of their income in just a few hours. Since Pax World operates in the crypto market and all revenue comes from cryptocurrency, a quick and easy solution was needed to pay employees in fiat.

Swapin’s InstaPay solution made this possible for Pax World. Now they can send employee salaries in digital assets, given the current rate, with instant conversion into EUR to a personal IBAN account. It only takes 3 simple steps to transfer the accounts:

  • open InstaPay on the Swapin platform;
  • enter the details of the recipient’s bank account and specify the amount of the transfer in EUR;
  • specify the preferred cryptocurrency for conversion and make the transfer.

Once the transaction is completed, the employee receives a fixed amount in euros on the IBAN account.

Real estate transactions with RE/MAX

It is a very common occurrence today to buy or sell property using cryptocurrencies. However, the desires of the seller and the customer may be different. The reasons are:

  • the crypto market is full of scammers;
  • cryptocurrencies are volatile;
  • real estate transactions are governed by law.

RE/MAX is one of the largest international real estate companies. He decided to allow customers to transact using cryptocurrencies. However, this required a simple and safe solution for both parties. The unique tool – CoinCollector from Swapin, solved the problem. Customers were given the opportunity to buy goods for digital assets and sellers received the requested amount in EUR in a personal IBAN account.

CoinCollector is a bridge between digital and fiat currencies. The principle of operation of this tool is quite simple. The seller generates a payment link and sends it to a customer. The client only has to choose the appropriate digital asset. Swapin calculates the exact amount in cryptocurrency and provides the client with a crypto wallet address. After the transfer is made, the seller will receive euros in the bank account and the client will receive all the necessary documents confirming the payment.

In this way, we obtain a win-win strategy: the customer has paid with cryptocurrency, the seller has received euros and the transaction is legal.

Buy gold with Aufort

For 2 years, the world economy has been going through a difficult period. High inflation forces investors to save capital in defensive assets such as gold. Many crypto investors want to diversify their investment portfolios and shift some of their digital assets to precious metals.

Aufort Gold is the first company in the world that offers to buy gold with cryptocurrencies directly on the site using the Swapin E-com widget. The E-com payment widget easily integrates with the store’s site and allows crypto payments with an instant transfer in EUR directly to the store’s company IBAN account.

The operating principle of the Swapin E-com widget is very simple:

  • By clicking on “Buy”, the customer receives an address to transfer the cryptocurrency.
  • The customer pays in crypto.
  • There is an instant conversion to EUR, which the seller receives in a corporate bank account without interacting with digital assets.

Aufort Gold does not face accounting problems and accesses a wider audience through this payment method.

Summary

With Swapin’s B2B and B2C solutions, businesses can now pay their employees in crypto and solve the problem of accepting and converting cryptocurrencies to fiat quickly, easily and legally. The company plans to launch the InstaBuy option by the end of the year, which allows users to purchase cryptocurrencies using VISA/Mastercard. Additionally, in 2023, Swapin plans to obtain an EMI license and enter new markets.

Develop your own business with Swapin, expand your audience and conquer new markets!

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