In the private sector, the payroll solution that blockchain offers is well-known. Many companies have already scrambled to develop a payroll solution for their employees.
For example, crypto accounting software GIlded has released ‘Mass Pay’, a platform for businesses to pay up to 500 employees all at once with their proprietary Ethereum-based token. Retail interest in cryptocurrencies has skyrocketed, reaching over $2 trillion this year.
The software allows users to invoice customers and pay vendors in BTC, ETH, and stablecoins. It makes bookkeeping easier due to its integration of Quickbooks and also works for non-custodial wallets.
“I seriously love Gilded. My business accepts a large number of cryptocurrency transactions and, before Gilded, our invoicing process was a nightmare. Gilded gives us the ability to offer our clients a variety of payment options in a way that is easy to manage for our operations team.”
-Ty Daniel Smith, Managing Director at Coinbound