The best choice I ever made for my business was to start paying my employees with cryptocurrencies. Aside from the quick transactions, it saves me money by reducing the processing fee to a bare minimum.
Especially when I have to pay employees who work remotely and are not in my region. I saved a lot of money on international currency exchange and long days of waiting for payment. For instance, I do not have to sort payments with different modes peculiar to an employee's location.
Adopting crypto payment has helped my business stay relevant and up to date in the modern business world. It has also drawn top talent and tech-savvy employees, whose contributions have greatly increased my business productivity. So, among others, are the benefits my business has enjoyed paying with crypto.
Benefits of Paying Employees With Crypto
Payment with cryptocurrency is usually made almost instantly, if not on the same day. This eliminates the 1-3 working days required by traditional methods. I can pay employees based in other countries with such efficiency without worrying about currency fluctuations.
Zero Transaction Fee
The cost of traditional payment methods is eliminated by using cryptocurrency. There is little or no transaction fee applied to each employee I paid, and my employees are not charged for withdrawals.
Since the technology behind cryptocurrencies is based on decentralized peer-to-peer networks, which are not connected to any bank or governmental organization. I don't need to use a third-party payment gateway, and payments are made without the involvement of financial institutions or governments, and funds are deposited directly into my employees' bank accounts.
Even though cryptocurrency is volatile and has the potential to fluctuate in value, it has proven to be profitable because an increase in the asset's value is a financial gain for both the company and the employee.
However, despite the numerous benefits of paying with crypto, keeping track of my employees' wallet addresses presents a challenge when it comes to paying them. Copying wallet addresses from a notepad and sending paychecks one after another to these addresses is stressful. In addition to taking a lot of time and being stressful, there have been times when I have copied the address incorrectly and paid to the wrong cryptocurrency account. Transactions are, sadly, irreversible.
While it is easier to categorize employees based on their preferred mode of payment when using traditional methods, this is not always the case when using cryptocurrency, as employees are likely to have different wallet addresses. As a result, these issues became worrisome because incorrect addresses have resulted in money being lost, and it takes a long time to finish paying all employees.
So, I kept asking myself, "How do I pay everyone at once?" "How do I have a crypto address book?" and "How do I save time while making payments?"
I contacted a professional without hesitation, stating all of my complaints and what I required. Undoubtedly, a solution was offered, and I was told to switch to a cryptocurrency wallet with the crypto address book feature, which supports multiple payments.
Creating An Employee's Crypto Address Book With Cwallet
After my research and consultation, it was easy for me to choose Cwallet as my crypto wallet of choice. Firstly, the sign-up process was the quickest I'd ever seen, and no unnecessary verification was required. In addition, there were no issues with wallet compatibility, and I was able to create an address book to manage all my employees' wallet addresses. With Cwallet, I have different options for categorizing my employees' payments by token type, address label, or network. Also, I can easily add new addresses and view all my employees' addresses in one glance with their corresponding transaction network.
Once all the addresses have been added, I can pay all employees on the list all at once without having to pay transaction charges for the payment.
That's it! Super Easy, Super Quick, and saved me a lot of time. You can create an address book easily with this simple step.
As the world embraces the uniqueness of cryptocurrency across all industries, Cwallet ensures that all of your needs are met seamlessly and without incurring any transaction fees.
The Best Crypto Wallet For Your Crypto Needs!
Cwallet is an interactive crypto wallet that can be used with your social media platforms. It has numerous features, such as storing your coins, swapping, tipping, airdrops, and earning money on the go while also supporting the crypto-economy via social networking.
What makes the Cwallet so unique is that it charges zero transaction fees, allowing you to maximize your profits.
- No Internal swap fees
- No Internal/ External withdrawal fees
- No Fees on Deposit
- Lowest Network fees, and lowest gas limit, enabling you to pay the cheapest network fees.
- No Extra Charges or Fees!
So now you know the secret! You can easily send tokens without worrying about making mistakes in wallet addresses or transferring assets to the wrong address by creating an address book for all your employees.