Blockchain-based payments platform Veem today announced the launch of its API.
It is designed for the unique needs of businesses that send and receive international payments. By leveraging multi-rail℠ technology, including blockchain, Veem has built a platform that transfers money in the easiest and most secure way between 60 countries.
“Technology has changed the way businesses work, but paying and getting paid by vendors and suppliers continues to be a painful, slow process,” Veem founder and CEO Marwan Forzley said.
“We’re all accustomed to experiences where payment and commerce easily work together. Veem is bringing that integrated experience to businesses with our API. We’re opening up the Veem Platform to all applications, making it possible to execute payments between users across the world, something that hasn’t been done before.”
By opening up the API and adding the ability to send and receive payments globally, Veem hopes to leverage the creativity of the developer community to enable a wide range of integrated experiences. The API is open to all industries including marketplaces, crowdfunding sites, accounting and hiring software, inventory tools, outsourcing solutions and any others that need a simple way to pay and get paid.
“With modern businesses moving to greater and greater globalization, we recognized the increasing value that Veem plays in accounts payable and foreign currency transfers and exchange,” said Louie Balasny, accounting technologist at botkeeper. “We are excited to integrate Veem into our portal to provide a seamless bookkeeping, reporting, and bill pay solution that includes foreign currency exchange. Best of all, Veem embodies the same mission and goals as botkeeper, to drive and lower the cost of bookkeeping for entrepreneurs”
Veem integrates with Quickbooks, Xero and Netsuite, simplifying the payment experience by auto-creating bill payments, eliminating duplicate entries, reducing manual bookkeeping and cutting down on errors. Developers will be able to build on the multi-rail technology platform to deliver seamless experiences for users of their solution as well as the 40,000+ businesses using Veem.