A person who would ask their employer to pay their salary in crypto a decade ago would be considered crazy. Yet, today, the number of such people is growing, which is not surprising considering the mind-blowing growth of the value of cryptocurrencies over the past years. At the same time, employers also can benefit from paying salaries in cryptocurrency. The nano blockchain and its XNO token are perfect for crypto salaries. Read our article to learn about the benefits of nano salaries and how to start paying them using NOWPayments’ “Mass Payments” feature.
- The nano blockchain is perfect for sending crypto salaries.
- nano transactions are private, free, and fast.
- NOWPayments’ “Mass Payments” feature helps businesses to send nano salaries efficiently.
Benefits of paying salaries in nano
Speeding up your salary payment process
In many companies, the process of paying out salaries is extremely complex and often requires the efforts of several accountants. One of the most complicated parts of the whole procedure is conducting bank transfers. Things get especially messy when you need to send money to an employee abroad. Such transfers can virtually take days and may need tons of paperwork. The nano blockchain helps businesses to solve this problem. nano transactions take only several seconds, which can significantly facilitate the process of sending out salaries to employees.
Bank transfers also entail large fees that frequently reach unbelievable sizes, especially when the business needs to conduct bank transfers consistently. As a result, bank fees end up costing enterprises considerable sums of money. Yet, when using the nano network, businesses can significantly cut their fee expenses. In fact, since nano transactions are free and cost absolutely nothing, potentially, businesses can reduce their fee expenses to zero. Additionally, by reducing your fee expenses, you can increase salaries for your employees who prefer to be paid in crypto.
The nano blockchain is decentralized, which means that people can use it without undergoing any KYC procedures and without exposing their identities. This ensures their anonymity and privacy. In the case of traditional payment systems, all individuals are required to share their personal details with banks and payment processing companies. For some people, this can be quite uncomfortable, while for others, for instance, foreign employees, simply impossible. Thus, companies can offer salaries in XNO as a private alternative to workers who want to keep their personal details confidential. After all, the hacking activity online is on the rise, and not everyone wishes to take the risk of their bank information getting exposed as a result of another attack.
Sustainability is the new trend, and consumers expect companies to follow it. There are many ways in which companies can demonstrate their commitment to sustainability, and featuring nano salaries is perhaps the easiest of them. The nano blockchain prides itself on being eco-friendly, which means that its network does not have any substantial impact on the environment, especially when compared to Bitcoin and Ethereum. By offering nano cryptocurrencies to employees, companies can show their sustainability efforts to clients.
How to pay employees using NOWPayments
So, if you believe that nano salaries are a great fit for your company, you can utilize NOWPayments’ services to pay crypto salaries by making only several clicks. NOWPayments’ Mass Payouts feature enables businesses to send mass crypto payments such as salaries in a fast and easy manner. All you need to do to deploy the feature is:
- Sign up on NOWPayments’ official website.
- Enter your public XNO address, and generate an API key.
- The process itself is simple. You deposit your funds into your account, specify the public addresses of your employees (or suppliers) and the sums they have to receive, and we send the payments right away.
The nano blockchain is an ideal network for conducting payments. Businesses can benefit from the network by sending nano salaries to employees. NOWPayments’ Mass Payments feature is a solution that lets businesses do it in an efficient way.