Franklin revolutionizes the payroll landscape with its groundbreaking off-ramping feature, allowing businesses in the U.S. to facilitate payroll in crypto and USD. This paradigm shift fosters faster fund flows and capital utilization efficiency, catering to businesses with multi-currency balance sheets.
- Enhanced Payroll Flexibility:
- Franklin introduces off-ramping, enabling businesses to fund payroll in stablecoins and pay out in USD.
- Responding to customer demand, this feature provides flexibility and efficiency in managing payroll processes.
- Accelerated Fund Flows:
- The off-ramping feature fosters faster flows of funds, streamlining payroll transactions for businesses.
- Businesses can efficiently utilize capital by operating with multi-currency balance sheets, optimizing resource allocation.
- Partnership with Bridge:
- Franklin collaborates with Bridge to develop and implement the off-ramping feature.
- Bridge’s expertise facilitates seamless onboarding and fund movement for Franklin’s customers, enhancing user experience.
- Availability and Scope:
- Initially available for U.S. incorporated businesses paying workers to U.S. bank accounts.
- Franklin’s innovative payroll platform sets a new standard for payroll efficiency and flexibility in the business landscape.
Franklin’s introduction of the off-ramping feature marks a significant advancement in payroll technology, offering businesses the flexibility to fund payroll in crypto and pay out in USD. Powered by a partnership with Bridge, this feature accelerates fund flows and enhances capital utilization efficiency, setting a new standard for payroll innovation in the U.S. business landscape.
