How Merit Circle DAO Cuts Costs and Complexity with Bill Import and Crypto-to-Fiat

Merit Circle: A Success Story

Merit Circle DAO, a leader in the Web3 gaming space and the organization behind Beam, has utilized Request’s platform to pay and get paid in cryptocurrency and fiat. Vitalij Aleksandrov, the company’s Head of Finance, shares how these features have revolutionized their financial operations.

Simplifying Bill Management with Bill Import

Merit Circle regularly deals with numerous international vendors who want to get paid in various fiat currencies. Using the Bill Import feature, Vitalij can import all of Merit Circle’s fiat bills at once, review them, and mark them ready for payment, thereby significantly reducing administrative workload and the risk of errors that come with managing bills across multiple platforms.

Effortless Payments with Crypto-to-Fiat

Leveraging the Crypto-to-Fiat feature has been a game-changer for Merit Circle. With a substantial portion of their assets in cryptocurrency, the manual off-ramp from cryptocurrency to fiat via an exchange and the setup of bank transfers to pay fiat bills was cumbersome, slow, and costly. 

Now, Vitalij can simply select the bills due for payment, choose to (batch) pay with crypto, and let Request and its partners handle the rest. This not only saves time but also allows them to leverage their cryptocurrency assets more effectively.

Key Benefits

1. Cut Costs: Eliminate hidden bank fees for international payments by using the Crypto-to-Fiat feature with mid-market rates and transparent fees at just 1%.
2. Save Time: Avoid the hassle of off-ramping your cryptocurrency assets via an exchange, then transferring to your bank account, and finally making payments. 
3. Reduce Complexity: Never miss a payment with all your bills in one place on Request, eliminating the need for multiple platforms.

Visualizing the Process

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Here’s a quick look at how Merit Circle uses these bill import and crypto-to-fiat together:

1. Importing Bills: Vitalij automatically imports all fiat bills via email forwarding.
2. Selecting Bills for Payment: He chooses the bills due for payment.
3. Paying with Crypto: He selects the preferred cryptocurrency for payment, and Request and its partners handle the conversion and transaction.

For a detailed walkthrough, check out our help article.

Conclusion

Merit Circle’s experience showcases the powerful combination of Request’s Bill Import and Crypto-to-Fiat features. These tools simplify bill management and enable companies to leverage their cryptocurrency assets efficiently. These features are a must-try if you want to streamline your financial operations, cut costs, and maximize your cryptocurrency treasury’s potential.

Ready to optimize your bill management?

• Start using Bill Import
• Explore Crypto-to-Fiat

By integrating these features, Request is revolutionizing how companies manage and pay their bills, ensuring a seamless, efficient, and user-friendly experience.

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About Merit Circle

Merit Circle DAO is the organization behind Beam blockchain and is focused on maximizing value across the metaverse and blockchain gaming sectors. By leveraging a wide array of digital assets, Merit Circle provides tools, resources, and support for gamers, developers, and investors to engage and thrive in virtual economies. The company bridges the gap between traditional gaming and blockchain technology through its innovative platform, offering a seamless integration of play-to-earn mechanics and decentralized finance solutions.

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