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2 min read
February 3, 2022

Crypto Paycheck as an Employee Benefit — Future of Payroll

Cryptocurrencies have been a point of contention for Indian investors for quite some time now. From anticipating bans to a flourishing ecosystem of exchanges, blockchain projects & DeFi, finally, the crypto tax regime is here (all Virtual Digital Assets are to be taxed at a rate of 30%).

Now that the government is signaling that digital assets will be regulated and can become legal we are thinking of the future and introducing Crypto Paycheck.

The future of payroll

It made the headlines when New York City Mayor Eric Adams announced that he would take his first three paychecks in Cryptocurrency. Well, for starters, it's not an outrageous thing at all. Some forward-thinking startups have already started to offer their employees the option of getting paid in crypto.

Crypto payroll is becoming a very exciting in-road for employees looking to break into digital currency. This is in fact proving to be an edge when it comes to winning the existing talent war. That’s why we have come up with ‘Crypto Paycheck as a service’. We want to make it easier for companies to pay their employees in crypto.

Why will this be a game-changer? This will enable your employees to get paid in the choice of their crypto in just a few steps.

How it works:

With Batik, you can enable your employees to get their paycheck in cryptocurrencies of their choice. Employees can connect to their payroll account with a single click.

After the employee’s account is connected, they can choose from a wide array of cryptocurrencies they want to get paid in. They can also control what percentage of their paycheck they want to convert to multiple currencies of their choice and how much they want to keep as cash in their bank account.

Once that’s done, employees are asked to choose their crypto wallet of choice & the payment method they’re most comfortable with. That’s it

In just four incredibly simple steps, your employees can now get a percent of their paycheck in cryptocurrencies like Bitcoin, Ethereum, Solana, USDC, Tether & many more.

Now you can use our off-the-shelf infrastructure to introduce Crypto Paycheck to your employees as a benefit and become a crypto-savvy employer.

Interested to learn more? Join our waitlist and our team will get back to you with the details.

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