The first application on the Xriba protocol is “Mastrobook” and its Beta version is already operative since April 2018 and already used by 1000 Italian companies. The sale of its licenses was a huge success and we ran out of it in a very short time.
Mastrobook is the first accounting software aimed at traditional companies providing a cutting-edge tool to better organize treasury and always staying on top of the accounts.
Thanks to Artificial Intelligence and OCR (Optical Character Recognition), the software extracts data from accounting documents, identifies any errors, offers support and assistance to the final user, reminding deadlines and documents for efficient accounting management.
From end of July, licenses will be available for sale to all companies in Italy. This will allow to save 70% of the time spent on accounting and payments.
On the Xriba protocol run two more applications: Cryptobooks and XribaPay.
Cryptobooks is basically the crypto version of Mastrobook, only it will cater for companies that hold cryptocurrencies that will be then able to record crypto transactions automatically and convert them in the local fiat main currency.
XribaPay will instead be the payment app linked to both Mastrobook and Cryptobooks, which will allow for payments to go out automatically after being invoiced.
In Q3 Cryptobooks and Xriba e-payment mobile app will be available to the public.
Xriba integrates bookkeeping, payments and a corporate wallet for both traditional and blockchain companies. The decentralized wallet will also be accessible via smartphone, and will be called ‘company vault.’ In Q3 of 2018 the first version of Business e-Wallet will be released.
In the same quarter Founding members from multiple countries will finalize the launch of the “TokenCheck Foundation”, a non-profit organization which will provide products and services to establish transparency and accountability to the cryptocurrencies ecosystem.
Cryptobooks & XribaPay
Cryptobooks app is the corresponding cryptocurrency version of Mastrobook. The main difference between Mastrobook and Cryptobooks is that Cryptobooks has some additional features that are specific to ICO start-ups.
Mastrobook and Cryptobooks are built to be easily integrated with XribaPay, a payment app that will allow for payments both in fiat or crypto to go out automatically, saving time and costs for the final user and for the company.
Thanks to the XribaPay smartphone app, you can open accounts quickly and easily.
Opening an account will take only a few minutes and thanks to the app for Android and iOS, entrepreneurs will have constant access to their account to check the balance and make transfers.
Furthermore, in the Q3 of 2018, the Xriba protocol will be operative and perfectly able to record accounting in the Blockchain.
At the same time, the dashboard for the TokenCheck Foundation will be available together with the second version of the Mastrobook and the first version of Cryptobooks app.
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