Request Finance introduces new “salaries” feature for crypto payrolls

on Aug 16, 2022
  • Request Finance announced that the new feature targets companies, freelancers and DAOs.
  • The "salary" feature will offer all-in-one functionality for tracking and processing invoices and salaries.
  • The application supports more than 140 cryptocurrencies, stablecoins and fiat currencies.

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Request Finance, a fast-growing B2B crypto payments app helping companies, freelancers and decentralised autonomous organisations (DAOs) manage and process payments, has introduced a new feature that is set to revolutionise crypto-related payroll processing.

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The “salary” feature, announced today, is designed to help thousands of businesses using the Request app to improve their payroll management, with support for hundreds of cryptocurrencies, stablecoins and fiat currencies.

With the new app feature, businesses can now tap into an easy-to-use ‘all-in-one” management system as part of their salaries management amid expansion of Web3 payments that are projected to grow by more than 46% by 2028.

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Request Finance, co-founded by Y Combinator alumni Christophe Lassuyt, targets helping businesses navigate the barriers of legacy banking infrastructure, especially as use of crypto for salaries gathers momentum across the financial ecosystem.

The platform, which was envisioned as an alternative to the existing banking system, allows users to enjoy the benefits of financial freedom via a system that makes it possible to manage invoices in whatever currency by allowing for the tokenisation of fiat.

The result is cheaper, faster, and easier payments for businesses, removing the constraints of bank transfers. The app also adds to the benefits businesses get through a single dashboard by providing for on-chain supported real-time transactions and automatic notifications.

Companies seeking to deploy the Request Finance “salaries” feature will have access to over 150 crypto assets and stablecoins. The app also supports 14 payment networks, some of which include popular ecosystems BNB Chain, Avalanche and Polygon.

Other than the salary feature, Request Finance is eyeing new offerings around processing of bonuses, sales commissions, and tax withholding.

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