PaymentX

Manage your cryptocurrency payroll seamlessly

4 followers

Manage your cryptocurrency payroll seamlessly

4 followers

PaymentX is an automated cryptocurrency payroll solution for your business. Pay the team using crypto in one click, settle fiat amounts in crypto, send and receive professional invoices - all quickly and conveniently!

Launch tags:Fintech•Payments•Web3

Launch Team

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PaymentX

Maker

Hey, Product Hunters 👋🏼 We built PaymentX to streamline our own cryptocurrency payroll processing. It worked so well and made life so much easier, we wanted to offer our beta version to other people. We’re a blockchain HR company based in Sydney, but like many other fintech companies, we work with employees and contractors around the world. We know that paying them with crypto is the fastest, easiest, most efficient way to make cross-border payments. But – as you may know, if you’re one of the many companies that pay their workers in crypto – making lots of payroll transactions can be time-consuming and human error can easily creep in. There were no good crypto payroll applications on the market, so we decided to make our own! The beta version of PaymentX allows you to: - Make multiple payments in one click - Pay one-off amounts securely - Send and receive professional invoices - Settle fiat (USD, RUB) invoices in Bitcoin PaymentX saves us a huge amount of time every month. It’s fast, secure, convenient: everything cryptocurrency payments should be. We think you could find it really helpful too – and we plan to add many more useful features over the coming months! Igor, Product Owner for PaymentX

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6yr ago

Great, hopefully its a start of something big

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6yr ago

LaborX

Maker

Hey hey! Any feedback is much appreciated. If you have any questions, feel free to ask :) I'm here to answer all your questions and provide any help if needed.

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6yr ago

The problem is most employees don't want to be paid in crypto because they can't do anything with it. Even if they were to convert it to fiat, to be able to use it in the real world, eventually their bank's compliance department will call them up and tell them to stop because banks consider anything related to crypto as risky.

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6yr ago

LaborX

Maker

@albste hello! We believe that number of employees seeking to receive part of their wages in cryptocurrencies will increase over time. There're some points why: - The ‘gig economy' Most freelancers are in the on-demand business, one way or another. Unlike traditional employment, there is rarely any developed labour legislation for gig economy workers, including regular salaries and benefits packages. Cryptocurrency, or rather blockchain, can solve this problem by using smart contracts to create agreements between employers and employees, or between platforms and workers. - Remote employment Remote employment is growing rapidly. Fast, secure, efficient and borderless, cryptocurrencies are a good way to pay remote employees. There is, however, one caveat: remote employment often involves interaction between workers and employers in different countries and, as a consequence, in different jurisdictions – with potentially different legal approaches to cryptocurrency payments. - Hi-tech industries In the most cutting-edge areas of the tech industry, traditional employer-dominated labour markets are being replaced by employee-dominated markets. In robotics, bioengineering, augmented reality and the blockchain sectors, for example, demand for highly skilled workers far exceeds supply. Suitably qualified and talented individuals can demand a high premium over their colleagues, with special remuneration packages often available to them. Benefits may include partial or full payment of wages in crypto assets, depending on the circumstances. It is also common practice for blockchain companies to offer bonuses in the project’s own tokens. Low-paid workers will typically want to continue to be paid in fiat currencies or equivalents, though these payments will take place within blockchain platforms that offer built-in protections such as smart contract agreements and reputation systems. Meanwhile, depending on their needs, the more workers are paid the more likely they are to keep an increasing proportion of their wages in crypto (primarily bitcoin), as a form of savings and investment. As for current problem with conversion of cryptocurrency into fiat money, there're crypto exchanges working with fiat and it's fully legal procedure in most countries.

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6yr ago

I tested PaymentX two times already and it works just great! Very intuitive to set up, manage wallets and check invoice status - with an overall amazing interface 💎

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6yr ago

it's very promising for making real and legal blockchain economics

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6yr ago

This is the best payment system

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6yr ago

LaborX

Maker

@vadim_sergienko Please let us know if you have any feedback or features you’d like to see added.

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6yr ago

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