Veem
51 Case Studies
A Veem Case Study
USA Media Rights, a business management firm for music industry professionals founded by Erik Steigen, faced significant challenges with costly and slow international wire payments. This was a major cash flow hurdle for the small business, especially as it expanded its client base to include artists and producers from all over the world. To solve this, they implemented Veem for their global money transfers.
By using Veem's service, USA Media Rights was able to send and receive payments quickly and efficiently while saving a substantial amount of money on transfer fees. The solution leveraged blockchain technology to reduce risks associated with traditional wires. The measurable impact for Veem was that it became the preferred method for the firm's internal and client-related payments, replacing cheques and traditional bank wires.