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Why Accounts Receivable Is Warming Up To Digital Currency

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In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. .” Choice, he said, is key to guiding corporates toward a digital currency ecosystem.

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Innovation Eases The Friction Of Global Payment Rails

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ACH transaction data standardization will also be important for reconciliation and reporting, said Thorness. Invoiced Tackles The Friction of Check. In a statement, Invoiced said the tool enables physical checks “to be digitized and applied automatically.”