Rise Product Release: Expanding Payout Options with USDT Mainnet & Naira
Rise is constantly evolving to meet the diverse needs of our fast growing, global clientele. Starting today, we're thrilled to announce a significant expansion in our hybrid payroll platform, introducing new local/fiat currency withdrawal options for various countries, alongside the addition of USDT stablecoin support on the Ethereum Mainnet.
This update marks a significant step forward in our commitment to providing flexible, secure, and efficient payroll solutions for international companies, DAOs, global agencies, and more.
Payouts in Nigeria Naira (NGN)
We're excited to announce a significant enhancement to our global payout options: Direct payouts in Nigeria Naira (NGN). This new feature is a big step forward in our mission to simplify and streamline payments for our global contractors, especially those based in Nigeria. With this update, Nigerian contractors can now receive payments directly into their bank accounts in NGN, ensuring faster access to funds without the hassle of currency conversion.
USDT on Ethereum Mainnet
In addition to our expansion in local currency options, we are excited to introduce USDT stablecoin support on the Ethereum Mainnet. This integration offers an alternative for those who prefer the stability and reliability of a leading stablecoin for their transactions.
USDT (Tether) is renowned for its stability, being pegged to the US Dollar, and its presence on the Ethereum Mainnet ensures fast, secure, and cost-effective transactions.
By adding USDT to our platform, we cater to the growing demand for crypto-based transactions in the payroll domain, giving our users the freedom to choose how they receive and manage their funds.
Benefits of USDT Withdrawals
Stability: USDT’s value is pegged to the US Dollar, offering a safeguard against the volatility often associated with cryptocurrencies.
Flexibility: Users can choose between fiat currency or a stablecoin option, depending on their preference and business needs.
Efficiency: Transactions on the Ethereum Mainnet are known for their speed and reliability, ensuring timely and secure transfers.
These currency payout updates are a testament to Rise's ongoing commitment to innovation and customer satisfaction. By expanding our withdrawal options and integrating USDT on the Ethereum Mainnet, we're not only enhancing our platform's flexibility for globally distributed teams, but also paving the way for a more inclusive and adaptable financial future.
Stay tuned for more updates and details on our expanding list of supported currencies and features. At Rise, we're dedicated to providing you with the best in crypto and fiat payroll solutions.