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A new era of Bitcoin billing: No fees, no KYC, and full control

A new era of Bitcoin billing: No fees, no KYC, and full control

Cryptocurrency Information Bureau News: Introducing a fee-free, KYC-free, fully managed Bitcoin invoice tool! A must-see for freelancers. #Bitcoin #Cryptocurrency #InvoiceTool

Video explanation

Can you create invoices with Bitcoin? Introducing the fee-free "Flash"!

Hello everyone! I'm John, your blockchain guide. I get excited when I hear about new technology! Today I'm here to share with you the news of a new tool that's especially useful for freelancers.

that name as well"Flash"!

Using this Flash, you can easily and professionally create "invoices" to request payment for work done in Bitcoin (the digital money we hear about a lot these days). What's even better is that it's free to use and doesn't require any complicated procedures. Let's take a closer look!

What kind of tool is Flash?

"Flash" is a new online tool developed to support freelancers and small business owners who want to receive payment for their work using Bitcoin.

When you finish a job, you issue an invoice to tell your customer, "Here, this is the amount you paid this time." With Flash, you can easily create and send this invoice in Bitcoin (that is, by specifying the amount in Bitcoin instead of Japanese yen).

Up until now, creating invoices to receive payments in Bitcoin has required some expertise and was a time-consuming process. But Flash looks like it will be a reliable ally that will greatly lower that hurdle!

Here are three great things about "Flash"!

This Flash can do more than just create invoices. There are three main great features that we want to draw your attention to!

  • Point 1: No platform fees!
    Usually, when you use such convenient online services, you have to pay a monthly fee or a "service fee" for each transaction. However, Flash does not charge any such fees! This is a huge benefit for freelancers. It's great that it's easy on the wallet!
  • Point 2: No need for bothersome identity verification (KYC)!
    Have you ever heard of the term "KYC"? It is an abbreviation for "Know Your Customer" and is translated as "identity verification procedure" in Japanese. For example, when you open an account at a bank, you present your driver's license or My Number card, right? That is an example of KYC. In financial services, it is a procedure that is often required to prevent fraudulent use.
    With Flash, this KYC procedure is not required. In other words, you can start using the service right away without having to submit tedious documents or wait for screening. It's great that even those who just want to try out charging with Bitcoin can get started easily.
  • Point 3: You manage your own Bitcoin (no third party management)!
    This may be an especially important point for those who are familiar with Bitcoin. Flash uses a system called "non-custodial." "Custodial" means that someone (for example, a service provider) holds and manages your valuable assets (in this case, Bitcoin) on your behalf. In a sense, depositing money in a bank can also be considered a type of custody.
    Flash being "non-custodial" means that the company Flash never holds your bitcoins. You can manage the bitcoins you receive through the invoice directly from start to finish in your own wallet (a wallet for storing bitcoins). In other words, Flash only helps you create invoices and never touches your bitcoins. You can have complete control over your assets, which is very reassuring.

Who do you recommend it for?

This "Flash" is especially recommended for the following people:

  • Freelancers who work with overseas clients and want to receive payment in Bitcoin
  • Small business owners who want to introduce Bitcoin as a new payment method
  • Those who want to start billing in Bitcoin easily while keeping fees as low as possible
  • Those who want to manage their own Bitcoins securely

Cross-border transactions can be problematic due to currency conversion fees and remittance times, but Bitcoin has the potential to solve these problems. Tools like Flash may be able to support these new ways of working and doing business.

What are "Bitcoin" and "Invoices"? (An explanation for beginners)

After reading this far, some of you may be wondering, "What are Bitcoin and invoices, anyway?" We'll give you a simple explanation!

What is Bitcoin?

Bitcoin is a type of "digital money" that can be used on the Internet. Unlike the Japanese yen or the US dollar, it is not issued or managed by a country or a central bank (a guardian of the country's money, like the Bank of Japan in Japan), and its main feature is that it has no specific administrator. Transaction records are managed on computer networks around the world using a technology called "blockchain." This allows individuals to send money (or a similar value) directly to each other without going through a bank.

What is an invoice?

An invoice is a document issued by the party that provided the goods or services to the party that purchased them to officially request payment. It states, "What was provided, how much was it, and how much should you pay in total." It is common for freelancers to issue invoices when receiving payment for work.

John's comment

Wow, more and more services using Bitcoin are becoming familiar and easy to use! Like this "Flash", when there are no fees and no need for bothersome identity verification, it's easy to feel like "I'll give it a try". Especially for freelancers, it feels like another option has been added for working globally, and I'm looking forward to future developments!

This article is based on the following original articles and is summarized from the author's perspective:
Flash Releases Free Bitcoin Invoicing Tool with No Fees,
KYC, or Custody

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