Freelancers / contractors can now invoice in fiat, get paid in bitcoin

btc_enigma

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Quote from: Patatas on August 05, 2016, 07:12:58 AM

Nice interface.Still having a hard time understanding how this stuff actually works or what it actually is.I get it,it generates the invoices in fiat amount while the work done by the freelancers is paid in bitcoins.Do you think that is legal ? Seems like money laundering to me.The website doesn't describe a lot anyway...

You can have a look at the faqs https://www.blockonomics.co/views/faqs.html . It has nothing to do with money laundering

The payee has to pay in bitcoins. By scanning the qr code using his bitcoin wallet, he can easily pay the invoice.

The advantage of this invoice is

- You don't need to keep sending multiple bitcoin request for payment due to fluctuating price. Say the amount is 100USD, today its 0.17267578 BTC, tomorrow if price go up, it may become 0.1622 BTC. You just send the invoice to payer, example invoice . And then he can pay whenever he wants, the bitcoin amount is updated according to price every 10 minutes
- Invoice status is updated in realtime and txid on blockchain is also shown. Later you can easily use this as proof of payment
- Invoice is secure and suitable to peer to peer payments. All details are encrypted, so our server doesn't know anything about your invoice contents.
- Unlike other solutions like coinbase/bitpay you don't need to trust us with your private keys/bitcoins. Payments directly go into your own bitcoin wallet

Let me know what is not clear here and would be happy to update our UI to make it easy to use.

Patatas

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Providing AI/ChatGpt Services - PM!

Nice interface.Still having a hard time understanding how this stuff actually works or what it actually is.I get it,it generates the invoices in fiat amount while the work done by the freelancers is paid in bitcoins.Do you think that is legal ? Seems like money laundering to me.The website doesn't describe a lot anyway...

btc_enigma

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Activity: 692

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Added API to receive bitcoin into your own wallet. Merchants can use this to easily implement bitcoin checkout on their site
https://www.blockonomics.co/views/api.html#newaddress

btc_enigma

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Now using your wallet xpub , you can generate new address and receive payment without opening your wallet
https://medium.com/@blockonomics_co/payment-companion-for-your-wallet-dc3766b14e7a#.abq2i7e89

btc_enigma

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Quote from: BellaBitBit on July 11, 2016, 04:25:13 PM

This looks great, straightforward and I like the design. Nice work!

Thanks. We are a bootstrapped startup, with zero marketing costs. If you like our website you can help us by sharing on facebook / social networks
-Regards

BellaBitBit

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This looks great, straightforward and I like the design. Nice work!

btc_enigma

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Quote from: hatshepsut93 on July 09, 2016, 10:52:59 PM

I think freelancers would be interested in automated service that receives Payoneer/Skrill and sends BTC to them, since people in many countries still have issues with those payment processors.
The idea of receiving BTC for freelance is awesome, but most employers refuse to use it.

Thanks, in fact I see lot of employers now willing to directly pay in BTC . Directly using BTC cuts costs and makes sense for distirbuted teams. Going through payoneer again, you have to pay them commission too

Few popular sites https://coinality.com/, http://coind.net/

Quote from: nwfella on July 08, 2016, 10:35:31 PM

Quote from: btc_enigma on July 08, 2016, 08:50:51 PM

Quote from: European Central Bank on July 08, 2016, 06:17:45 PM

what's the fiat arrangement? do you handle the sale or does it somehow interface with the regular payment processors?

The plan is to integrate with fiat processors later. Right now it only allows you to get bitcoin. You have to manually convert your bitcoin to fiat using your local exchange.

In lieu of this a pretty nifty feature request might be to give the user ability to have their respective btc to fiat gateways fee's factored into price before invoice generation.

Thanks will keep this in mind.

hatshepsut93

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I think freelancers would be interested in automated service that receives Payoneer/Skrill and sends BTC to them, since people in many countries still have issues with those payment processors.
The idea of receiving BTC for freelance is awesome, but most employers refuse to use it.

nwfella

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Well hello there!

Quote from: btc_enigma on July 08, 2016, 08:50:51 PM

Quote from: European Central Bank on July 08, 2016, 06:17:45 PM

what's the fiat arrangement? do you handle the sale or does it somehow interface with the regular payment processors?

The plan is to integrate with fiat processors later. Right now it only allows you to get bitcoin. You have to manually convert your bitcoin to fiat using your local exchange.

In lieu of this a pretty nifty feature request might be to give the user ability to have their respective btc to fiat gateways fee's factored into price before invoice generation.

btc_enigma

hero member

Activity: 692

Merit: 569

Quote from: European Central Bank on July 08, 2016, 06:17:45 PM

what's the fiat arrangement? do you handle the sale or does it somehow interface with the regular payment processors?

The plan is to integrate with fiat processors later. Right now it only allows you to get bitcoin. You have to manually convert your bitcoin to fiat using your local exchange.

European Central Bank

legendary

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what's the fiat arrangement? do you handle the sale or does it somehow interface with the regular payment processors?

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: btc_enigma on July 08, 2016, 01:17:35 AM

Quote

And how do I bring that invoice (paid or not) backup again? I know the invoice # it gave me but beyond that nothing really.

You should store the invoice link carefully, it contains the decryption key example :

https://www.blockonomics.co/invoice/79/#/?key=77C97D5C455D5648F30BB1F46A0A8BCF9A3CBC81794CE76476665C3BBFF05310

Our server doesn't know the decryption key and cannot recover your invoice without that. Check your browser history the link should be there.

Thanks

Great, that got it. We will see how she behaves with a minimum fee transaction as now my slight overpayment could just as easily become an under-payment :p

btc_enigma

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Activity: 692

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Quote

And how do I bring that invoice (paid or not) backup again? I know the invoice # it gave me but beyond that nothing really.

You should store the invoice link carefully, it contains the decryption key example :

https://www.blockonomics.co/invoice/79/#/?key=77C97D5C455D5648F30BB1F46A0A8BCF9A3CBC81794CE76476665C3BBFF05310

Our server doesn't know the decryption key and cannot recover your invoice without that. Check your browser history the link should be there.

Thanks

nwfella

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Activity: 1610

Merit: 1000

Well hello there!

Quote from: btc_enigma on July 08, 2016, 12:25:08 AM

Quote from: nwfella on July 08, 2016, 12:03:52 AM

Great interface and dig the concept. I'm waiting on a test payment using the system now (invoice #81) with an intentional slight overpayment.

What exchange rate(s) are you using?

Thanks, we are using rates from https://bitcoinaverage.com/ . Which currency are you using ?

Bitcoin. Just did a quick low-fee transaction to check out the interface (still hasn't even confirmed).

*And how do I bring that invoice (paid or not) backup again? I know the invoice # it gave me but beyond that nothing really.

btc_enigma

hero member

Activity: 692

Merit: 569

Quote from: nwfella on July 08, 2016, 12:03:52 AM

Great interface and dig the concept. I'm waiting on a test payment using the system now (invoice #81) with an intentional slight overpayment.

What exchange rate(s) are you using?

Thanks, we are using rates from https://bitcoinaverage.com/ . Which currency are you using ?

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Great interface and dig the concept. I'm waiting on a test payment using the system now (invoice #81) with an intentional slight overpayment.

What exchange rate(s) are you using?

btc_enigma

hero member

Activity: 692

Merit: 569

Totally in a peer to peer way, using your own bitcoin address
https://medium.com/@blockonomics_co/peer-to-peer-no-signups-invoice-in-fiat-get-paid-in-bitcoin-f77772e4308b#.kayu1h1k0

Topic: Freelancers / contractors can now invoice in fiat, get paid in bitcoin (Read 2038 times)