Basic Concepts
Understanding the fundamentals of Web3 invoicing and blockchain payments
Web3 Invoicing
A new paradigm combining traditional invoicing with blockchain technology.
- •Blockchain-verified transactions for enhanced security and transparency
- •Smart contract integration for automated payment processing
- •Decentralized record-keeping with immutable audit trails
- •Multi-currency support including both crypto and fiat currencies
Smart Contracts
Self-executing contracts with terms directly written into code.
- •Automated payment releases based on predefined conditions
- •Programmable escrow services for secure transactions
- •Automatic late fee calculation and enforcement
- •Multi-signature approval workflows
Cryptocurrency Payments
Digital currency transactions using blockchain networks.
- •Support for major cryptocurrencies (ETH, BTC, USDC)
- •Real-time exchange rate conversion
- •Reduced transaction fees for international payments
- •Instant settlement options
Hybrid Payment Processing
Unified system handling both traditional and cryptocurrency payments.
- •Seamless integration of fiat and crypto payment methods
- •Automated currency conversion and settlement
- •Consolidated reporting across all payment types
- •Flexible payout options
Glossary
Blockchain
A decentralized digital ledger that records transactions across a network of computers.
Smart Contract
Self-executing contracts with the terms directly written into code on the blockchain.
Web3
The decentralized web built on blockchain technology, enabling direct peer-to-peer transactions.
Gas Fees
Transaction fees paid to process operations on blockchain networks.
Wallet Address
A unique identifier for sending and receiving cryptocurrency payments.
Fiat Currency
Traditional government-issued currency like USD, EUR, or GBP.
Ready to Get Started?
Now that you understand the basic concepts, take the next step in your Web3 invoicing journey.