Every crypto project tends to choose a particular feature underpinning its utility. In the case of Fantom, this is performance. Fantom is an open-source smart contract platform for digital assets and dApps that makes fast and high throughput its top priority. This is why Fantom is the go-to solution for hundreds of products including DEXs such as Curve and 1inch. The unparalleled efficiency of Fantom is also available to people and businesses via $FTM transactions. For instance, companies can consider deploying Fantom salaries. NOWPayments is an FTM payments gateway that offers its Mass Payments solution for sending FTM salaries.
- FTM salaries are quick and low-cost.
- FTM can be sent and received globally.
- Send Fantom crypto salaries via NOWPayments.
What makes Fantom salaries great?
Bank transfers are the most common type of salary payment utilized by millions of businesses globally. Although it is an unfailing method of transferring funds, it has several flaws that may be addressed with the aid of FTM.
One of the most significant issues with bank transfers is the average time it takes for them to get processed. They may virtually take days to reach the recipient.
FTM transactions enable businesses to massively accelerate their payment process. A single FTM transaction is conducted within seconds and remains unaffected by variables such as the distance between sender and recipient. As a result, when employers pay their staff in FTM, they can be confident that their workers will get their money without difficulty and on schedule.
Bank transfers are also plagued by another key issue: high costs. Simply put, when companies make bank transfers, they get charged high fees, which devour a portion of each transfer and compel enterprises to waste money. Simultaneously, cryptocurrencies like FTM offer an excellent solution to this issue.
Essentially, FTM crypto salaries do not cost consumers a substantial amount of cash. You will spend about $0.0000001 in fees per money transfer on average. So why not utilize the Fantom crypto to reduce transaction costs?
Truly global transactions
Businesses presently serve clients and, as a result, hire people from all over the globe and have offices in many regions. Paying wages under such circumstances can be difficult since enterprises must adhere to the laws and norms of many jurisdictions to make money transfers.
Firms are frequently obliged to create and operate overseas bank accounts in order to pay salaries to staff residing abroad. FTM can help companies to streamline the process of paying foreign employees by transcending borders. The FTM coin does not require passing a KYC procedure. Effectively, corporations may pay employees in cryptocurrency everywhere on the earth without having to comply with local banking restrictions. FTM crypto transactions are possible as long as there is an internet connection.
Excellent financial privacy
Blockchains are entirely anonymous. Businesses can protect employee privacy thanks to the secrecy provided by blockchains. Fantom users are not required to divulge their names or any other type of personal information. So, they stay completely anonymous when utilizing the Fantom coin to perform transactions.
Essentially, Fantom crypto transactions are unrelated to the sender and recipient’s identities. As a result, while information about each transaction is publicly available, it does not identify the two persons involved. Companies that want to provide their employees with the highest level of financial privacy should certainly turn their gaze to FTM salaries.
FTM is also safe because its native network relies on bleeding-edge technology to ensure proper security. So, if you utilize FTM, no hacker will be able to break into your wallet. Furthermore, if you hold FRM in a non-custodial wallet, you are guaranteed to have complete control over your funds.
This is especially critical for businesses and accountants that handle substantial sums of money when paying wages. As a result, FTM is an excellent option for consumers who want to avoid exposing their cash to third parties such as banks. FTM transactions are peer-to-peer, therefore there is no possibility of a middleman tampering with or weakening transaction security.
Well then, how do I pay people in FTM crypto?
Here is a guide on how you can use NOWPayments’ solution to accept Fantom coni salaries:
- 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.
Fantom is a performance-focused network that can be used for sending salaries in a fast and secure way.