tsahaghian
Multis (YC S19) Is Hiring a Full Stack Engineer (Remote Friendly)
What's the dirty secret of the crypto business? Admin
When paying earns you passive income
WDYT about a user-owned online payment network powered by cryptocurrencies? This would be like PayPal: members create an account & use it when they shop online at participating merchants. When a user creates an account, they "top up" by transferring funds from their bank account to this payment network account.Shoppers are co-owners of the network, and merchants are "clients" who pay a...
We want to build a payment network for the ownership economy
Re:Launch HN: Multis (YC S19): online business bank account for crypto...
on Friday October 18, 2019 @12:30PM (#21292740)
You're absolutely right! We're still iterating on that one. "Banking account for crypto and fiat" rather than "cryptobank" seems to be the right way to mitigate risk for now (e.g. Mercury "banking built for startups"), but we certainly want to be extra cautious.
Re:Launch HN: Multis (YC S19): online business bank account for crypto...
on Friday October 18, 2019 @02:19AM (#21289089)
Thanks! For now, we will partner with regulated bank infrastructure providers - they have the licence. Just like neopbank players have been doing with Synapsefi in the US or Solarisbank in the EU.
Re:Launch HN: Multis (YC S19): online business bank account for crypto...
on Thursday October 17, 2019 @04:33PM (#21286115)
- Is crypto really different from cash for this? Plus anonymity seems relative now as agencies like Tracfin can track back addresses.
- Our users generate revenues in crypto. Paying employees with it is just convenient, faster, and cheaper when part of their staff is abroad.
Re:Launch HN: Multis (YC S19): online business bank account for crypto...
on Thursday October 17, 2019 @02:49PM (#21285200)
thanks so much Gil :)
Re:Launch HN: Multis (YC S19): online business bank account for crypto...
on Thursday October 17, 2019 @02:18PM (#21284902)
We'd love to help and get your feedback! [email protected]
Re:Launch HN: Multis (YC S19): online business bank account for crypto...
on Thursday October 17, 2019 @02:14PM (#21284870)
1. Was fraud a big issue at ZenPayroll? I would assume this to be an issue for fortune 500 companies, not smbs
2. We're helping crypto companies for now - they get it. Hopefully non-crypto people will get it too as crypto becomes mainstream :)
3. e-merchants like Rakuten started accepting crypto. Amazon could follow. Consumer apps offering higher interest rates than traditional banking could also be compelling
4. You're right! that's why we're bullish on stablecoins like USDC or DAI - value is pegged to USD
5. Still grey, but moving fast - you can now pay people with bitcoin as long as they get minimal wage in USD. Paying bonus in crypto is an interesting use case
Launch HN: Multis (YC S19): online business bank account for cryptocurrency
Hi HN,We're Théophile and Thibaut, and we're building Multis (https://multis.co): an online bank account designed for companies holding cryptocurrency. We're helping them store it, spend it and earn interest.We have been in this industry for the past 3 years. Thibaut used to lead sales at Stratumn, a Nasdaq-backed company helping companies securing their shared workflows through...