BabyDoge is a favorite coin of thousands of cryptocurrency investors. The meme legacy of the coin and its unique approach to Defi make BabyDoge a sought-after asset among the members of the crypto community. Some people go as far as receiving their salaries in BabyDoge. In fact, paying your employees BabyDoge instead of fiat can actually positively impact your business. NOWPayments enables businesses to pay salaries in the BabyDoge coin.
Key points:
- BabyDoge provides promising investment opportunities.
- BabyDoge salaries are processed quickly and in a secure way.
- NOWPayments enables businesses to send BabyDoge salaries.
What’s good about salaries in BabyDoge crypto?
Investment potential
People own crypto for different reasons. Some use it as a means of payment, while others invest in it in order to yield some returns in the future. BabyDoge has a proper Defi ecosystem that helps users to gain profit through investment in BabyDoge. For instance, the project imposes a 5% fee on each transaction. The fee then gets redistributed to all token holders. Thus, people can earn extra coins by simply holding the BabyDoge crypto in their wallets. Businesses offering BabyDoge salaries can expect a share of their employees to use the option of getting BabyDoge remunerations. After all, BabyDoge guarantees a real passive income.
Quick transactions
The standard method of sending salaries chosen by the majority of businesses is bank transfers. Yet, every entrepreneur is aware of the major problem of bank transfers, namely, the slow transaction speeds. Banks often rely on outdated technology and are bound by numerous legal limitations, which result in inefficiency when it comes to the speed of transactions. Therefore, salaries sent with the help of transfers often get processed by banks for days. This is extremely inconvenient for both businesses and their employees. Baby Doge coin transfers are much more efficient since they run on modern blockchains. So, Baby Doge crypto salaries are processed in a fast way 24/7 and 365 days a year without delays.
Transparency
The decentralization of blockchains translates into their transparency. This means that the information about all BabyDoge transactions is available to the public. Users can see the basic info about every single BabyDoge crypto address. By accepting BabyDoge as a salary, people will be able to track their transaction history forever. Moreover, BabyDoge transparency is also beneficial for the employer. Since transaction history is forever kept on the blockchain, businesses can use BabyDoge to ensure better accountability inside the company. Thus, thanks to BabyDoge, companies can establish better transparency both for themselves and their employees.
Privacy
At the same time, the transparency of BabyDoge does not mean that it exposes users’ identities. Blockchains, including those used by BabyDoge, are inherently anonymous. So, blockchains do not ask users to undergo KYC procedures or in any way share their personal documents to start sending and accepting cryptocurrencies. In other words, there is no formal registration process on blockchains. So, the information recorded by blockchains about transactions and crypto addresses is faceless and does not point to the actual people behind them in any way. Thus, businesses can safely send BabyDoge salaries to employees, not fearing that their transaction information will be somehow exposed to third parties.
Security and true ownership
Since BabyDoge is decentralized, there is no single governing body that stays in control of all BabyDoge transactions. Subsequently, no one can take Baby Doge coins away from users or force them or prevent them from making transactions on the blockchain. Therefore, BabyDoge is not completely anonymous but also protected from any unexpected and undesired interventions. All BabyDoge transactions involve two parties, the sender and the recipient, so no intermediaries can disrupt their interaction. The decentralization of Baby Doge ensures the complete security of its transactions. Moreover, BabyDoge lets users enjoy full ownership of their coins by storing them in a non-custodial wallet. So, BabyDoge is a great choice for employees who want to receive salaries in crypto.
How to pay people in BabyDoge?
Businesses that want to pay salaries in Baby Doge can rely on NOWPayments’ Mass Payments tool. The mass payments solution facilitates the process of making numerous crypto transactions when sending salaries and other payments. In order to begin sending Baby Doge salaries, you need to follow these simple steps:
- First, you need to create a NOWPayments account.
- Then, go to the settings and generate an API key.
- Once the key is ready, select the Mass Payment feature.
- After you set up Mass Payments, deposit your Baby Doge cryptocurrency into your account.
- Then, specify the addresses and the amounts you want them to receive.
- NOWPayments will send all these payments to the recipients automatically.
Conclusion
Baby Doge is a universal cryptocurrency that can be used in a variety of settings, including salaries. NOWPayments offers a Mass Payments solution to businesses that want to pay their employees BabyDoge salaries.