Re: [ANN] Archway - Invoice & get paid in crypto without asking for permission
Note that this service is also a big advantage if you're a (small) business, hiring abroad: you can simply pay freelancers using a SEPA transfer, without 1) having to worry about crypto and 2) them producing a valid invoice.
Both are actually quite the headache for businesses, at least in Europe. There are quite a few rules on what constitutes a valid invoice, and it can be quite annoying to get a freelancer from a different region to produce a valid invoice. Yes, it sucks. Bureaucracy, yay.
The "holding crypto" part is even more problematic: holding crypto is still quite complicated for businesses. You need to get your accountants and tax advisors on board, you need tools, etc. Of course it can be done, and it's not a big problem to most of the people in this forum - but it's a nightmare for all non-crypto businesses.
So Archway connects freelancers from countries that are difficult or expensive to pay, with businesses that sit on the overregulated side of the world.
Disclaimer: I was involved in the development of this service.
Both are actually quite the headache for businesses, at least in Europe. There are quite a few rules on what constitutes a valid invoice, and it can be quite annoying to get a freelancer from a different region to produce a valid invoice. Yes, it sucks. Bureaucracy, yay.
The "holding crypto" part is even more problematic: holding crypto is still quite complicated for businesses. You need to get your accountants and tax advisors on board, you need tools, etc. Of course it can be done, and it's not a big problem to most of the people in this forum - but it's a nightmare for all non-crypto businesses.
So Archway connects freelancers from countries that are difficult or expensive to pay, with businesses that sit on the overregulated side of the world.
Disclaimer: I was involved in the development of this service.