Unveiling how MultiPayer is bringing the next million businesses into the crypto realm with bespoke cards and checking accounts designed for the web3 world.
Today marks a significant milestone for MultiPayer, as we launch complimentary corporate cards and checking accounts to facilitate web3 enterprises in managing their crypto treasury. Now, any EU-registered business can issue corporate cards for their team, enabling them to convert and pay for things in EUR with over 40 million merchants globally, thanks to our partnership with Mastercard.
The application process is straightforward, requiring merely 10 minutes of your time, and approval is typically granted within a single day. MultiPayer also offers exchange and banking services with insured accounts and SEPA/Instant transfers.
Teams can now operate their entire web3 business on crypto with a unified crypto-EUR solution, from the get-go. It signifies our first significant stride towards our aspiration to form the financial infrastructure of the Web 3 economy — a vision that our lead investor, Sequoia, echoes.
💥 Why MultiPayer?
Crypto companies and DAOs represent an increasing segment of our economy. As these ventures take flight and expand, web3 teams require crypto-centric solutions to assist them with basic financial operations such as managing crypto treasury, converting with EUR or team expenditures. The present state of financial operations is inadequate and places them in a demanding and stressful situation.
A considerable portion of assets held by most Web3 teams are in tokens, but they encounter difficulties in spending them on tangible and digital goods and services, which still make up a substantial part of their expenses.
Account registration on a centralized exchange like Coinbase, Kraken, or FTX can be a months-long process. Most banks still shy away from collaborating with web3 startups. This often results in funding freezes or indefinite compliance checks. Numerous founders end up covering expenses or converting crypto from their personal banking and exchange accounts — a practice neither compliant nor scalable, and it detracts us from our primary objective — we’ve been in that situation!
Our goal is to create a better Web, not to expend endless hours anxious about our financial infrastructure collapsing.
🙌 Introducing MultiPayer
Web3 teams should have access to a secure and efficient financial solution designed holistically for crypto and EUR treasury, right from day one.
We’re inherently web3. We won’t flag your transactions or freeze your account if your business operates on crypto. We can approve any EU-registered business within a day and provide them with full access to the benefits outlined below, all from a single account:
🏁 Begin with fundamental tools
Open a MultiPayer account with an insured EUR checking account & multi-signature crypto wallet
Convert EUR with USDC, ETH as well as other cryptocurrencies
Issue several corporate cards for employees and vendors
Pay vendors and employees through SEPA, Instant and crypto transfers
📈 Advance with sophisticated tools
Set personalized limits and approval workflows for cards and crypto transfers
Link external crypto wallets to monitor balances and transactions across multiple chains
Manage team expenditure with dashboards and transaction analytics
Accelerate your accounting processes with data exports
🧑🏭 We’re creators building for creators
We have personally experienced the difficulties and distress generated by fragmented and unsuitable crypto and banking solutions. We’re rectifying this.
We’re providing teams with far more than just software: MultiPayer is the remedy. We’re relieving teams from frustrations and anxiety. We’re offering peace of mind so they can concentrate on building remarkable things and deliver their best work.
