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HomeNewsFranklin Introduces Off-Ramping Feature: Payroll in Crypto, Payout in USD

Franklin Introduces Off-Ramping Feature: Payroll in Crypto, Payout in USD

Franklin Introduces Off-Ramping Feature: Payroll in Crypto, Payout in USD
Franklin Payroll Announces Stablecoin Off-Ramping

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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.