WorkChain Blockchain Payroll and STASIS enable EURS Stablecoin encrypted salary checks for EU workers

WorkChain Blockchain Payroll and STASIS enable EURS Stablecoin encrypted salary checks for EU workers

It seems that people who get paid in euros can now receive their payments in cryptocurrency. The Blockchain Payroll WorkChain.io platform has collaborated with the tokenization platform STASIS in order to enable cryptographic checks encrypted with the euro for users of the European Union (EU). Payments could be processed using the EURS stablecoin.

In this way, EURS becomes the second stablecoin in the market that was selected by the WorkChain.io platform. The company is already supporting the famous stablecoin TrueUSD (TUSD), which is guaranteed in dollars. The EURS stablecoin is supported by the Euro.

During a conversation with Bitcoin Magazine, CEO of WorkChain.io Ryan Fyfe he said that people who receive payments in euros can receive their salary in cryptocurrency. Because EURS is supported by Euro and is a stablecoin, users can be protected against volatility in the encrypted market.

The WorkChain platform it works in a completely different way compared to Bitwage, a recognized and important payroll company in the United States. While Bitwage offers a typical payroll model with the possibility of converting monthly payments into Bitcoin (BTC) or Ether (ETH)WorkChain allows workers to decide when they want to be paid and in what currency they want to do it.

This would allow users to select the day they wish to receive their payment, which is very useful. It would not be necessary to wait until next month to pay for some things that could be paid first.

Ryan Fyfe commented on this:

"So instead of waiting weeks or up to a month to get their salary, workers can choose when their payday arrives – every day if they wish – it's their salary on demand – this gives people more control financial: if you can get your earnings as soon as you earn them, you do not have to put things like bills and pay until the next payday. "

STASIS is located on the European island of Malta and has created the EURS stablecoin in July 2018. It received a pre-launch portfolio of $ 100 million and wants to become the largest and most fully verified and collateralised stablecoin in the world.

According to Gregory Klumov, the CEO of STASIS he explained that

"By allowing people to receive their salaries in EURS, it is possible to extend the practical use of stablecoin in addition to cryptocurrency trading activities, and users will be able to integrate a stablecoin into their daily financial lives."

L & # 39; Company WorkChain.io is a company that allows payments of instant payments to employees in virtual currencies. The service that the company provides was initially designed for employees. Employers can link their payroll with the WorkChain platform and use the company's app wallet. Using a simple and efficient smart contract, WorkChain makes payments to employees.

although the wallet needs to be improved, the company is working on an update that will be applied to the service in the future. Users can withdraw their virtual currencies to their bank account, credit cards or transfer them to another cryptocurrency on the market. If they decide to do so, they can also save their money on the WorkChain.io platform.