About Ferrum Network
With the mission of breaking down barriers to mass adoption in mind, Ferrum builds cross-chain, white-label blockchain solutions that help startups and large organizations bring their core products to market faster.
What does the partnership entail?
For crypto companies, invoices are an essential part of tagging crypto transactions so project teams know where their crypto assets come, and go from. Invoicing is also essential in helping ensure that salaries, and other payments in crypto are paid on time.
“In our search for the best and most efficient invoicing process, we are moving our crypto payments to the Request Invoicing platform. This service will be used for FRM and stable coin payments”, says Nick Odio, Executive Vice President of Strategic Partnerships & Growth at Ferrum Network.
The Ferrum team will use Request Finance to manage its business payments covering areas like employee payroll, advisory tokens from FAS incubated projects, staking clients, token bridge clients, and grants.
How will this partnership benefit Ferrum?
“At Ferrum, we typically seek partnerships that encourage token utility, growth, and revenue. This partnership allows us the opportunity to tackle all three of these”, explained Odio.
Token Utility — By allowing projects to pay for Ferrum’s products and services in their native token FRM, the FRM token becomes more useful as a means of payment.
Growth — With Request, the Ferrum team can create, send, and pay hundreds of invoices in just a few clicks. This will free up an immense amount of time for Ferrum team members who spent countless hours on a much more manual approach. These team members’ time can now be reallocated towards achieving Ferrum’s 2022 goals.
Revenue — Overall, the Ferrum team expect the migration to Request to indirectly increase revenue by freeing up valuable team time and streamlining the way we account for revenue.
How will this partnership benefit Request?
With over $175 million in crypto invoices processed since 2021, Request Finance is on a mission to become the leading Web 3.0 payments processing platform.
To achieve this, the team at Request are constantly looking to work with project teams like Ferrum and their ecosystem of users and developers to easily, and securely manage their finance operations in crypto.
“As salaries, bounties, grants, and other business payments are being settled in crypto, project teams need a clean, and hassle-free tool to view and manage their crypto payments. We are eager to be able to work with rapidly growing projects like Ferrum to simplify crypto invoicing for their team and community” – Christophe Fonteneau, Head of Business Development and Strategic Partnerships at Request Finance.[Text Wrapping Break]
About Request Finance
Request Finance is a suite of financial apps helping companies, DAOs, and freelancers easily manage their crypto invoices, payroll, expenses, and other payment requests in a compliant, professional and secured way. Send and receive payments in 60+ cryptocurrencies and stablecoins, 10+ fiat currencies, and 10+ blockchains. Payments can be settled in cryptocurrency while denominated in fiat like USD or EUR. Track, verify, and organize all your payment requests in one dashboard. To learn more about Request, visit Request.Finance