At MultiPayer, our mission is to revolutionize cryptocurrency transactions for Decentralized Autonomous Organizations (DAOs) and crypto-focused businesses, with a particular emphasis on enhancing crypto payroll operations. We’re therefore thrilled to announce a new feature that allows our users to conduct mass payments directly from their MultiPayer accounts. This enables the completion of transactions to as many as 65 individual wallets in one single action. This substantial improvement not only conserves precious time, but also lays the groundwork for future developments such as recurring payments and more complex crypto payroll systems.
Crypto Payroll: An Array of Benefits, Marred by Manual Set-ups.
Opting for a crypto-based salary (or a part of it) boasts several advantages: immediate fund transfer, absence of bank intermediation, and the opportunity for exposure to lucrative digital assets. It’s particularly beneficial for organizations with international, remote teams.
However, this approach isn’t devoid of challenges. Organizing crypto-based salaries often becomes a labor-intensive and stress-inducing process. Founders of DAOs and crypto startups typically have to individually transfer payments to their team members from their personal wallets, a task that can span several hours. As a team expands and the preference for receiving crypto-based payments grows, such manual set-ups prove to be unsustainable. To illustrate this point, we spoke to a founder who voiced his concerns as his team members increasingly wanted their payments in USDC: “I process all transactions via my personal wallet, which is neither scalable nor reliable, makes me the payroll bottleneck, and doesn’t synchronize with our existing accounting systems.”
Progressing Towards Crypto Payroll with Mass Payments.
Executing multiple payments through MultiPayer is now effortless!
From the dashboard, simply click on “Pay” on the left toolbar. You’ll be guided through a user-friendly, four-step process:
- Select your preferred currency. (Remember, with MultiPayer, you can cover gas fees in the same currency as your transaction.)
- Label your transaction, making bookkeeping a breeze.
- Append any notes or attachments for your records.
- Either manually add contacts from your company address book or upload a CSV file containing up to 65 ETH wallet addresses.
MultiPayer ensures that founders don’t have to carry the burden alone. In addition, our transaction labeling feature ensures accounting is taken care of and allows for easy exportation of data as a CSV.
