Another "black week" in the crypto sphere6th of November 2022: It's been two months since we launched our web3 banking offer. We are onboarding dozens of crypto businesses. Another exciting day in the "multiverse." But as we know, we're never safe from a curveball. Binance announced that it would sell its entire position in FTT tokens — roughly 23 million FTT tokens worth about $529 million. Binance CEO "CZ” declared the decision is based on risk management following the collapse of...

Another "black week" in the crypto sphere6th of November 2022: It's been two months since we launched our web3 banking offer. We are onboarding dozens of crypto businesses. Another exciting day in the "multiverse." But as we know, we're never safe from a curveball. Binance announced that it would sell its entire position in FTT tokens — roughly 23 million FTT tokens worth about $529 million. Binance CEO "CZ” declared the decision is based on risk management following the collapse of...

We're saying at Multis that building a business is hard. So building a web3 business is even harder. And we know what we're talking about. Multis was born at the end of 2018 during one of the worst crypto winters.Starting your web3 business creation marathonWe already spoke on this blog about the crypto pains when launching a web3 business. But it's always good to remember it:crypto funds are hard to keep track offpayroll and simple payments are complexaccounting is a nightmare...

We're saying at Multis that building a business is hard. So building a web3 business is even harder. And we know what we're talking about. Multis was born at the end of 2018 during one of the worst crypto winters.Starting your web3 business creation marathonWe already spoke on this blog about the crypto pains when launching a web3 business. But it's always good to remember it:crypto funds are hard to keep track offpayroll and simple payments are complexaccounting is a nightmare...

One week ago, Multis launched on Product Hunt. Over the course of the day, we gathered more than 1200 upvotes — an amazing launch for a web3 company that historically don't gather many upvotes (eg: MoonPay with 1300 upvotes). Nothing was left to luck: we prepared for 3 weeks before the launch, which was crucial in our successful management of inflow on D-day. Launch day on Product Hunt is truly a team effort, and can have a huge impact on your business and acquisition metrics. It's ...

One week ago, Multis launched on Product Hunt. Over the course of the day, we gathered more than 1200 upvotes — an amazing launch for a web3 company that historically don't gather many upvotes (eg: MoonPay with 1300 upvotes). Nothing was left to luck: we prepared for 3 weeks before the launch, which was crucial in our successful management of inflow on D-day. Launch day on Product Hunt is truly a team effort, and can have a huge impact on your business and acquisition metrics. It's ...

Multis has been building financial tools for web3 organizations for the past 3 years, and have come to our latest release - Fiat USD accounts. This launch was a mix of exhilaration and massive challenges, so we wanted to share our approach and learnings to build a hybrid product at the crossroads of legacy banking infrastructure and Decentralized Finance. Converting crypto-currencies to fiat currencies is a pain. It can take weeks, even months, to convert crypto to fiat. And that's when ...

Multis has been building financial tools for web3 organizations for the past 3 years, and have come to our latest release - Fiat USD accounts. This launch was a mix of exhilaration and massive challenges, so we wanted to share our approach and learnings to build a hybrid product at the crossroads of legacy banking infrastructure and Decentralized Finance. Converting crypto-currencies to fiat currencies is a pain. It can take weeks, even months, to convert crypto to fiat. And that's when ...

Use your Multis web3 cards with Apple & Google PayAt Multis, most of our web3 banking account users are international teams. We're happy to help shape this new era of organizations. And as always, we want web3 builders to focus on their business. But a new organization form creates challenges. Multis being a web3 financial backbone, we focus on simplifying our users financial operations. And what's the first challenge? Providing means of payments, especially corporate cards, for the...

Use your Multis web3 cards with Apple & Google PayAt Multis, most of our web3 banking account users are international teams. We're happy to help shape this new era of organizations. And as always, we want web3 builders to focus on their business. But a new organization form creates challenges. Multis being a web3 financial backbone, we focus on simplifying our users financial operations. And what's the first challenge? Providing means of payments, especially corporate cards, for the...

After covering the fundamentals of DAO incorporation in our previous article, it's time to set the basics of storing funds safely and managing them efficiently to build a resilient DAO that can last through crypto winters. Next, we will be covering: - DAO Bookkeeping - Hiring in DAOs - Team Structure in DAOs - KPIs for DAOs What is Treasury Management and Why Is It Important for any company? Treasury management refers to planning, organizing, and controlling the holding, funds, and worki...

After covering the fundamentals of DAO incorporation in our previous article, it's time to set the basics of storing funds safely and managing them efficiently to build a resilient DAO that can last through crypto winters. Next, we will be covering: - DAO Bookkeeping - Hiring in DAOs - Team Structure in DAOs - KPIs for DAOs What is Treasury Management and Why Is It Important for any company? Treasury management refers to planning, organizing, and controlling the holding, funds, and worki...

What is Standard DAO?Standard DAO is a globally distributed collection of citizens, investors, and builders. They help Investors, Creators, Communities, and Companies unlock value from Web3. Standard DAO provides a full-service Web3 product ecosystem. It's powered by the Standard Protocol dApp, and a secure asset-backed treasury. It includes blockchain validation, stable yield generation, NFT utility products, and tools for building Web3-enabled Engaged Social Networks. It's focused...

What is Standard DAO?Standard DAO is a globally distributed collection of citizens, investors, and builders. They help Investors, Creators, Communities, and Companies unlock value from Web3. Standard DAO provides a full-service Web3 product ecosystem. It's powered by the Standard Protocol dApp, and a secure asset-backed treasury. It includes blockchain validation, stable yield generation, NFT utility products, and tools for building Web3-enabled Engaged Social Networks. It's focused...

An Employer Identification Number (EIN) is a Federal Tax Identification Number. An EIN permits the identification of a business entity. Every business needs an EIN in the US to operate. You'll need an EIN to open a business bank account with us 🤪What EIN document do we accept at Multis?To open a USD bank account at Multis, you'll need one of these three:CP 575 form147c letterSS4 form if you operate only on US territory.How to get an EIN?Spoiler alert: the IRS is still in the non-di...

An Employer Identification Number (EIN) is a Federal Tax Identification Number. An EIN permits the identification of a business entity. Every business needs an EIN in the US to operate. You'll need an EIN to open a business bank account with us 🤪What EIN document do we accept at Multis?To open a USD bank account at Multis, you'll need one of these three:CP 575 form147c letterSS4 form if you operate only on US territory.How to get an EIN?Spoiler alert: the IRS is still in the non-di...

Often times, crypto companies struggle to open bank accounts — but struggle even more to keep them. Between getting flagged and shut down for their "crypto activity", it's too often that they end up creating scrappy and expensive workarounds with multiple bank accounts ... from which they can't even make payments! On top of that, most goods & services are not payable in crypto or ACH payments. Which brings us to the punchline: **Multis Corporate Cards are now live! **💥Your crypto t...

Often times, crypto companies struggle to open bank accounts — but struggle even more to keep them. Between getting flagged and shut down for their "crypto activity", it's too often that they end up creating scrappy and expensive workarounds with multiple bank accounts ... from which they can't even make payments! On top of that, most goods & services are not payable in crypto or ACH payments. Which brings us to the punchline: **Multis Corporate Cards are now live! **💥Your crypto t...

How Multis is onboarding the next million businesses into crypto with cards and checking accounts designed for web3Today, Multis is launching free corporate cards and checking accounts to help web3 businesses spend crypto treasury. Any US-registered business can now issue corporate cards for their team to allow them to convert and pay for things in USD with over 40 millions merchants worldwide, through our partnership with Mastercard. It takes 10 minutes to apply, and less than 1 day to get a...

How Multis is onboarding the next million businesses into crypto with cards and checking accounts designed for web3Today, Multis is launching free corporate cards and checking accounts to help web3 businesses spend crypto treasury. Any US-registered business can now issue corporate cards for their team to allow them to convert and pay for things in USD with over 40 millions merchants worldwide, through our partnership with Mastercard. It takes 10 minutes to apply, and less than 1 day to get a...

The businessCauris is a private credit fund that partners with financial technology companies worldwide. Cauris’ mission is to drive financial inclusion. They ease financing to Fintechs working with small and medium businesses and consumers. To this end, Cauris facilitate access to credit for 100 million people through the provision of DeFi-enabled financing to its fintech partners. Cauris believes this is key to empowering individuals and enabling economic growth in emerging markets. Cauris ...

The businessCauris is a private credit fund that partners with financial technology companies worldwide. Cauris’ mission is to drive financial inclusion. They ease financing to Fintechs working with small and medium businesses and consumers. To this end, Cauris facilitate access to credit for 100 million people through the provision of DeFi-enabled financing to its fintech partners. Cauris believes this is key to empowering individuals and enabling economic growth in emerging markets. Cauris ...

At Multis, our goal is to make crypto payments as smooth as possible - including crypto payroll. This is why it was a priority for us to allow users to make mass payments on their Multis accounts- paying up to 65 different 0x wallets in a single transaction. This is a huge time saver and is paving the road for recurring payments and more complex crypto payroll operations.Crypto payroll: huge benefits but often manual set-upsThe benefits of getting a paycheck (or part of a paycheck) in crypto ...

At Multis, our goal is to make crypto payments as smooth as possible - including crypto payroll. This is why it was a priority for us to allow users to make mass payments on their Multis accounts- paying up to 65 different 0x wallets in a single transaction. This is a huge time saver and is paving the road for recurring payments and more complex crypto payroll operations.Crypto payroll: huge benefits but often manual set-upsThe benefits of getting a paycheck (or part of a paycheck) in crypto ...