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How to Process Crypto Payroll [2023 GUIDE]
- Onboarding Team Members
- Compliant Contracts
- Flexible Payments for Your Team
What appealed to me with Rise was the fact that all the payments were handled through a smart contract. Rise had a closed system and rules in place for how funds were going to be handled. Having the web interface versus the Google spreadsheet was appealing as well.
With Rise, we can handle the process of onboarding contractors, streamlining compliance, routing fiat to crypto and automating payroll in a one stop shop solution.
We used to manage crypto payroll manually for our 10+ contractors. Now we can automate it right away with Rise. Our team can also choose to be paid in its local currency. The Rise team is always here when needed.
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I was able to create my account and invite my contractors in just a few clicks! As an agency owner it is very helpful to be able to onboard and pay contractors without compliance anxiety in the back of my mind.
We've put international contractor payments on autopilot. Rise now is a working way for us to send compensation to our contractors. The fact that we've battle-tested Rise means a lot.
What's Crypto Payroll?
- Definition of crypto payroll: Paying employees using cryptocurrency is called crypto payroll.
- Benefits of using crypto payroll: It can offer faster and cheaper transactions.
- How crypto payroll works: It involves using a cryptocurrency wallet and exchange.
- Risks of using crypto payroll: It can be risky due to the volatility of cryptocurrency and lack of regulation.
Considerations for Implementing Crypto Payroll
- Legal and regulatory considerations: Consult legal and financial experts.
- Employee training and education: Employees need to learn how to use cryptocurrency.
- Integration with existing payroll systems: Consider how it will integrate with existing systems and processes.
- Security measures: Implement security measures to protect cryptocurrency and data.
How can Rise Help Your Global Payroll?
Rise's Web3 enabled payroll and compliance solution can help you scale your team payments globally in both fiat and crypto currencies.
- Onboard & KYC Contractors in 190+ countries
- Localized and Compliant Services Agreements
- Multiple types of Pay Schedules
- SOW and Invoice Generation
- Instant Fiat & Crypto Payouts
Revolutionize your Payroll & Empower your People
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