One thing we love about working in this space is how fast things move. 2020 in crypto was
a banner year: DeFi closed out the year at a market cap of more than $13 billion with over 2000% growth, Bitcoin began a bull run the likes of which we've not yet seen before, and institutional support came in leaps and bounds with players like JP Morgan launching a stablecoin and Visa partnering with Circle. We love to see it.
We love crypto business, we hate crypto business ops....
But let's talk about something that hasn't changed this past year: crypto business ops. It still sucks! While mainstream adoption and financial innovations move at a fast clip in the space, companies struggle to do the most basic tasks: keeping track of their wallets, accounting for funds, getting an accurate spot price on Bitcoin, and making bulk payments. At Multis, there are lots of things we would love to do (pay our employees in crypto, for example) but we don't do it because we're trying to scale and the admin would take too much time for a company of our size.
And we know we're not alone- lots of our clients and other players in the industry struggle with this: whether it's accounting for the newest DeFi protocol, making sure the devs fill out a google spreadsheet detailing transactions, or giving your CPA a crash course in digital assets this unsexy (but oh-so-necessary) side of running a crypto business has yet to be professionalized with tools and processes matching equivalents in fiat.
Crypto@Work: a community for the business operations of crypto
So we decided to take matters into our own hands and launch a private Slack group: Crypto@Work where people working in crypto can share best practices, vent their feelings, and help one another as we try to tackle accounting, taxes, payments and that gnawing fear that our business bank might shut us down....
We already have a few early adopters who have joined us. We want this group to be relevant for the ops, finance people, and office managers having to deal with this, so the group is private. If you're interested in joining, fill out the typeform here and if we think you're a good fit, we'll let you know!
...and making Multis work better for work
Product side, we're hard at work on lots of changes over here: allowing for better tracking of funds, making bulk payments a reality, and a ton of other things to build the best B2B wallet on the market. If you'd like to learn more, and be informed as we test these features out, let us know at: firstname.lastname@example.org and we'll put you on the waiting list!