The BLOCKS DAO LLC. facilitates the transition of traditional industries onto the blockchain by supplying companies with world-class solutions. BLOCKS enables businesses to embrace the advantages offered by the next-gen digital economy and delivers utility to them. The BLOCKS token is a utility currency allowing users to engage with the products of the project. At the same time, BLOCKS is a cryptocurrency that has many cool features making it a viable solution for conducting payments. For instance, businesses may start paying their employees in BLOCKS. NOWPayments makes the process of sending BLOCKS salaries seamless and reliable.
Key points:
- BLOCKS salaries are private and global.
- BLOCKS salaries offer security and transparency.
- Send BLOCKS payroll transfers using NOWPayments.
What’s good about salaries in BLOCKS?
Uncontested privacy
Salaries paid anonymously are not the most common thing. Usually, companies rely on traditional payroll processing solutions, which completely eliminate the possibility of making transactions privately.
Basically, banks and services tasked with processing transactions require users to fully disclose their personal information, which is not the most pleasant experience for most people.
On the other hand, BLOCKS enables users to make transactions in a completely anonymous manner. In order to use BLOCKS, one does not need to provide personal information and, therefore, can transfer coins privately. Moreover, all BLOCKS transactions are peer-to-peer, so there are no intermediaries capable of intervening in transactions or discovering any info about the sender and the recipient.
Send salaries abroad effortlessly
A major concern of businesses that have employees residing in different parts of the planet is finding a fast and low-cost solution for sending salaries abroad. As mentioned above, BLOCKS transactions are peer-to-peer, which means that they can be sent to and from any country or region in the world in a matter of minutes.
Basically, BLOCKS transactions are borderless since they are not subject to any kind of geographical restrictions. When transferring money using banks, businesses and individuals often encounter delays and high costs in the form of various fees and interbank charges. In the case of BLOCKS, users only need to pay one gas fee for transferring their coins. This is why, today, cryptocurrencies such as BLOCKS simply have no competitors in terms of efficient international money transfers.
Maintain security
Security is an essential component of payment services. Businesses and individuals should know that their funds are protected from external attacks. The traditional payment services are custodial and therefore prevent their clients from fully controlling their funds. As a result, such services are vulnerable in the face of attacks.
For instance, the cyberinfrastructure of banks can be breached, and millions of dollars can be stolen from clients.
BLOCKS is a much more secure option for storing and transferring money. BLOCKS can be kept in a non-custodial wallet. Thus, users will receive full control over their funds preventing third parties from having any access to their coins. Additionally, BLOCKS lives on the Ethereum network, one of the most secure blockchains in the industry.
Simplified payroll processing
The process of paying salaries using BLOCKS is much simpler than the mainstream processes. Essentially, in the case of BLOCKS, users can start sending and receiving transactions in mere minutes.
There is no KYC procedure, so users are not asked to verify their identity. As a result, to start using BLOCKS, users simply need to install a BLOCKS-compatible crypto wallet and generate their public and private keys. Once they complete these steps, they are ready to accept salaries, payments, donations, and other forms of money transfers.
Transparency and accountability
Finally, the BLOCKS crypto is also beneficial for businesses that consider featuring crypto salaries because it offers a high degree of transparency. Despite the fact that all BLOCKS transactions are anonymous, information about each of them gets recorded to the blockchain.
Thus, users can access information about every BLOCKS infrastructure at any moment. This is useful for companies that are seeking to achieve better financial accountability within their organization. In other words, by switching to BLOCKS salaries, companies will always be able to easily monitor all of the financial activities done in BLOCKS.
How to pay people in BLOCKS?
Businesses can use NOWPayments’ Mass Payouts tool for sending salaries in BLOCKS. Follow these steps to pay your clients in BLOCKS:
- First, you need to create a NOWPayments account.
- Then, go to the settings and generate an API key.
- Next, fill in a Survey for mass payouts requests.
- Send a written request to activate mass payouts from your registered email to our email [email protected]. Please note that NOWPayments accepts all requests ONLY from your registration email for safety reasons.
- After you set up Mass Payments, deposit your cryptocurrency into your account.
- Go to the Balances section and click on the “Create Mass payout” button
- Upload the .csv file with the wallet addresses and the amount you want them to receive.
- Click “Proceed.”
- NOWPayments will send all these payments to the recipients automatically.
Conclusion
NOWPayments provides businesses with an opportunity to send BLOCKS salaries to employees.