Announcing a Return to our Roots: The All-New Bitcoin Magazine

Bitcoin for Freelancers: Popular Billing Service Hiveage Adds Bitcoin

by

         Bitcoin for Freelancers: Popular Billing Service Hiveage Adds Bitcoin

Operating a small business with Bitcoin just got a bit easier. Online billing service Hiveagehas announced its integration with Bitcoin wallet and exchange Coinbase, allowing its 45,000-plus small business and freelance clients around the world to invoice and accept payments in bitcoin.

“Bitcoin is quickly becoming a useful way of transferring value, and it’s been highly demanded over the past few months by our users,” says Hiveage founder and CEO, Lankitha Wimalarathna.

The company started receiving requests to add bitcoin support in June 2014, citing high transaction fees charged by other payment methods as the main reason.

“Many of the customers who wrote to us were already accepting payments in bitcoin,” said Prabhath Sirisena, co-founder and creative director of Hiveage. “Our new integration with Coinbase allows them accept direct bitcoin payments on their digital invoices sent via Hiveage. This makes it easier for them to keep track of their business finances, regardless of the currency.”

Hiveage offers clients the ability to send invoices and estimates, accept payments online, track time and expenses, manage teams and view detailed reports. While invoicing is a free service, other features are offered at an additional cost.

Connecting a Coinbase account and adding bitcoin as a payment and invoicing option will cost users $1.95 per month.

With clients in more than 140 countries worldwide already, Hiveage is planning a major push into the EU market, beginning with the Netherlands and Germany. Adding new payment services options, including bitcoin, is an important part of their global expansion strategy.

“Coinbase has a very strong position in the U.S., and they’re actively expanding in Europe,” said Sirisena. “This aligns well with our plans, too: The majority of our customers are from the U.S., but this year we’re focusing on making Hiveage an attractive option for the European market, where 20 percent of our customers come from.”

The company decided to focus on Amsterdam as a starting point after attending the Uprise Startup Festival in March. Amsterdam is also known to be a hub of Bitcoin activity, boasting an activemeet-up community and Embassy. It was also the host of the Bitcoin 2014 conference last May, and will host Bitcoinference 2015 this May.

“There’s no shortage of great startups looking to share their experiences,” said Sirisena. “I’m really looking forward to seeing how people react to us and learning how we can make their billing workflows easier.”

Recommended

Bitcoin Price Analysis: Blowing Through Support Levels on the Way to $3,000

Bitcoin continues to tumble lower and lower as it struggles to claim any footing in the market. It’s down almost 50% in three weeks and it’s showing very little sign of stopping. It’s currently clutching onto the $3,500 values but it doesn’t look like it can hold on much longer.

Bitcoin Schmitcoin

Op Ed: SEC’s Latest Declaration Creates Legal Minefield for Digital Assets

This broad, authoritative declaration is not unexpected, as, to date, the SEC has stated that all digital assets — regardless of whether they function as alt coins or utility tokens — are securities at least initially and, thus, subject to its jurisdiction.

Huhnsik Chung and Nicholas Secara

Op Ed: Cryptocurrency’s Unrealized Opportunities for U.S. Tax Professionals

Tax accountants and firms that specialize in cryptocurrency will emerge to capture and service this market. The first movers will be the ones who stand to capture the oversized profits.

David Kemmerer

Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

Last month's attack on Tether contains a cautionary tale: Only those coins that can survive such attacks have the slightest chance of becoming the “holy grail" of stablecoins.

Henry He