Veem is an efficient payment system that is fairly easy to navigate and requires minimal information for the secure transfer of money. It is advertised as "the simplest way for your business to pay and get paid globally" which doesn't seem far from the truth as the only assets one needs are the e-mails of the sender and the recipient.
Individuals and businesses who opt-in for Veem can enjoy free currency exchange, a small fee for keeping international payments from the United States in USD, as well as a loyalty program that allows for higher earning and saving rates. The efficient payment system is especially convenient for smaller businesses that hope to unlock "competitive FX rates and flexible pricing."
Veem's platform is made secure through the implementation of blockchain technology.
Incredibly Efficient Payment Systems
Veem's Payment Solution Has Expanded to Over 90 Countries
Trend Themes
1. Efficient Payment Systems - Veem's success highlights the need for more efficient payment systems that simplify global transactions with minimal fees and data requirements.
2. Blockchain Adoption - Veem's use of blockchain technology demonstrates the disruptive potential of the secure ledger system in revolutionizing traditional payment processing.
3. Small Business Empowerment - Veem's focus on competitive exchange rates and loyalty program appeal to smaller businesses, highlighting the need for payment solutions that level the playing field.
Industry Implications
1. Finance - Veem is a prime example of disruptive innovation in the finance industry that is responding to the market need for streamlined payment processing and lower fees through the integration of blockchain technology.
2. Small Business Services - Veem caters to small businesses seeking an efficient and cost-effective payment solution, indicating a growing opportunity for services providers to address the unique needs of this market sector.
3. Blockchain Technology - Veem's use of blockchain technology exemplifies the disruptive potential of the secure ledger system across industries, demonstrating the need for its adoption in various applications beyond finance.