QuickBooks Users Can Connect Their Invoices Seamlessly With XinFin Blockchain Network

QuickBooks users get more financing options to unpaid invoices with InFactor.

XinFin, built on an interoperable XDC protocol, today announced that QuickBooks users will be able to connect their invoices seamlessly with InFactor, a blockchain-based invoice factoring application developed by TradeFinex Dev team. InFactor is highly interoperable with legacy systems and other blockchain platforms which makes it easier for QuickBooks users to get more financing options to their unpaid invoices without shifting invoices between multiple systems.

QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly towards small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills and perform reports generation.

“The seamless connectivity and interoperability of InFactor application with QuickBooks will allow small businesses to improve their liquidity by saving them the trouble of uploading every single invoice for factoring on InFactor. InFactor will capture the existing data sets from QuickBooks and map them automatically onto its app enabling small businesses to connect with global financiers quickly; giving them access to a larger market for factoring”, said Can Inac, Ecosystem Partner, XinFin.

Here’s a step by step guide to QuickBooks integration: https://github.com/XinFinOrg/Developer-Resource/blob/master/docs/dapp/infactor.io/quickbook-integration.md

*Please note that it’s a TestNet PoC URL and will go into production once XinFin MainNet gets launched.

For troubleshooting, please join XinFin Public Slack Channel and XinFin Telegram Developer Community.

XinFin Hybrid Blockchain Network employs Delegated Proof of Stake (DPoS) Consensus which brings singularity of validator nodes (full nodes) into the picture, making the whole network more democratic, more trustworthy, more stable, and more self-sustainable. Masternodes are benefitted in the form of reputation building, enhanced reliability, increased incentive gains, and capability to deploy their own dApp/use case on the network.

Interested Institutions looking to setup KYC enforced XinFin (TestNet) Masternodes, please click here.

TradeFinex, a dApp based on top of the XinFin Hybrid Blockchain Network, is an open standard protocol for global trade and finance aiming to mitigate counterparty risks by enabling financial instruments to be more interoperable and liquid. An Open API platform ready to connect, TradeFinex has initiated a consortium with open invitations to address peer-to-peer trade finance and asset tokenization of real-world assets. TradeFinex invites Global Public Investors (GPIs), regulators, fintech companies, and financial & government institutions for the same.

To be a part of this change as a Consortium founding member, please click here.

About XinFin:

XinFin is an open source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of Public and Private Blockchains with interoperable smart contracts. XinFin is fully EVM compatible. For more information on XinFin, please visit www.xinfin.org or learn more about XinFin in this video.

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