NOWPayments, a non-custodial cryptocurrency gateway, has announced the launch of a new solution that will allow businesses to pay employees in Shiba Inu (SHIB).

According to a recent blog post by NOWPayments, businesses with SHIB enthusiasts among their employees could offer them the option of receiving their salaries in Shiba Inu tokens.

Notably, the crypto gateway platform now includes a Mass Payments tool that businesses can use to pay interested employees salaries’ in the meme-based cryptocurrency.

Read also: Shiba Inu Now Recently Has More Twitter Followers Than Ethereum, Ripple, Solana, and Polygon

Advantages of Using the Solution

Businesses that use the solution will benefit from a simple payment process, quick transactions, privacy, transparency, accountability, and security, according to NOWPayments.

Businesses that use the solution will not have to worry about adhering to the strict know-your-customer (KYC) rules. This method is mostly associated with traditional payment methods, which typically cause payment processing delays.

“SHIB solves this issue by offering a fast payment method. Essentially, to send SHIB salaries, you will only need a SHIB crypto address. These addresses can be generated in a matter of seconds. Once you have your address and the required sum of SHIB in your wallet, you can pay the salary to your employee,” NOWPayments said in a statement.

Related article: Utel University Students Can Now Pay Tuition Fees in Shiba Inu

How to Pay Employees in SHIB

NOWPayments has simplified the service, making it easier for businesses to adopt.

Any company that wants to pay employees in Shiba Inu must first set up a NOWPayments account. For mass payout requests, the business owner must generate an API key and fill out the NOWPayments form.

The account administrator must activate the Mass Payment service by sending an email to [email protected], the official email address of NOWPayments.

Once the service is activated, the business owner must deposit SHIB into the account and select “Create Mass Payout” from the balance section.

Furthermore, the company must upload an a.csv file containing the amount the owner wants each employee to receive and the worker’s wallet address.

The payment will be sent to the employee immediately after you click the Proceed button.

The initiative expands Shiba Inu’s utility and supports the narrative that the cryptocurrency is not a memecoin.

The post Businesses Can Now Pay Their Employees’ Salaries in Shiba Inu (SHIB) appeared first on FX Crypto News.