BillsOnChain Debuts on Hedera, Attracts 31,000 Users and Processes 830,000 Receipts Since July 7

The Hashgraph Group and String Metaverse launched BillsOnChain on July 7, a Hedera-based platform designed to convert purchase receipts into tokenized digital assets. The platform has already attracted more than 31,000 users with integrated wallets and processed over 830,000 receipts on-chain, facilitating the minting of 430,000 non-fungible tokens.

BillsOnChain records invoices on Hedera's blockchain to enable immutable storage, transparent auditing, and invoice tokenization for financing. The platform targets governments, financial institutions, enterprises, and small businesses, aiming to reduce fraud and improve regulatory compliance. According to Business Research Insights, the blockchain-based invoice market is projected to grow from $22.2 billion in 2025 to $1.856 trillion by 2034, driven by demand for secure, real-time payment systems.