Product updates, January 2021 🎉

Interest-bearing accounts, increased sharing, swaps, and more

In 2020, we relaunched Quidli as a lightweight web app for companies to reward employees and contributors in crypto. Finding this resonates well with globally remote teams, we committed to building the top worker incentives tool for organizations to share real value with those who create value no matter where they may be based while streamlining for SMEs accessibility to the increasingly attractive crypto economies.

Just to reaffirm, we’re continuing this mission in 2021. So on that note, this is a summary of all the updates we low-key pushed live over the past month for public reference 👇

⚡ Interest expanded at turbo charged rates

Not surprisingly, the feature users most mentioned as being their “favorite” has been earning interest on Dai. So we’ve expanded users’ earning potentials by enabling interest bearing accounts across the board — any Bitcoin, Ether, Dai, USDC, and ada you’ve bought/deposited/received and have left parked on Quidli are now automatically earning additional rewards.

Earning interest is now being powered by yearn.finance and Cardano delegation pools in addition to Compound; and, as always, rates are variable and subject to change. To see the most current interest rates and how much you’ve earned in real-time, go to the Earnings tab in your dashboard .

👩‍🏫 User profiles & sharing among team members

To help facilitate more interaction among team members, we’ve added: 1. Profile photos for users, to add more personalization and to help with recognition; and 2. increased sharing, meaning now all users in one organization, team, community, etc. can share crypto with each other for their respective use cases — general perks, rewards for specific tasks, bonuses on performances and or milestones, as tips and or to show appreciation, etc.

Incentives and engagement are important for encouraging good habits and practices, which in turn help to strengthen a team’s culture. Ensure your culture isn’t just top-down by enabling recognition/acknowledgement horizontally among colleagues and or community members as well.

🔛 Swapping for other crypto

Consistently among the most requested features we’ve gotten, token swaps are finally enabled in a limited capacity. Users can now exchange crypto they hold for other crypto available on Quidli (Bitcoin, Ether, Dai, USDC, and ada) at real-time market rates. Swaps can be accessed from the Nav Bar as follows: Use My Crypto > Swap.

🔓 Buying permitted by ALL users

Upon initial launch, a big restriction we had in place was on buying crypto, which was limited to only admin accounts. However, we’ve now opened up to buying for all accounts and so any user interested in purchasing more crypto can do so directly. Simply find the Buy/Deposit tab on your Nav Bar and select the Buy option.

FYI, our crypto payment gateway is powered by MoonPay and so all purchases are subject to their KYC/AML requirements prior to completing a transaction.

🏦 Instant bank transfers (SEPA)

To offer users reduced transaction fees on crypto purchases, we’ve started to enable instant bank transfers. As of this post, Europe-based users with access to SEPA can now buy crypto via bank transfers, which are executed by MoonPay. To buy using SEPA, when you’re presented with the MoonPay widget to complete payment: Click Payment Method > Add A Payment Method > Euro Bank Account > enter your IBAN > follow transfer instructions. Status updates are provided until your crypto hits your account.

In order to offer the best and most secure crypto on-ramping experience, we’ll continue to explore more payment options across platforms and regions.

Want to start sharing crypto with your team as 100% digital rewards and perks? Create your team account on Quidli to buy, manage, and share today.

Are you an employee or freelancer who wants to receive crypto perks from your company or client? Fill out this request form and we’ll reach out on your behalf.

Visit our site, follow us on Twitter, or contact us directly with any questions or comments you may have at hey@quid.li.