Deel, the fintech firm focused on payroll, has expanded its crypto capabilities with the addition of two new tokens, according to an announcement.
Contractors who use the Deel platform to get paid can now take their salary in the stablecoin USDC or Solana, the native token of the fast-growing proof-of-stake blockchain. The platform already supported bitcoin, ether and XRP salary payments.
Users will need an account with the crypto exchange Coinbase in order to take advantage of the new functionality.
Deel reckons cryptocurrencies offer contractors a faster way to get paid, with lower processing fees. Coinbase charges a 1.5% ‘provider fee’ for crypto salary withdrawals. Additionally, USDC payments will entail a variable fee of 1%, while Solana payments will cost an extra 1.5%.
Deel’s corporate clients include the likes of Coinbase, BlockFi, Rarible and OpenSea, according to co-founder and CEO Alex Bouaziz.
“By definition, crypto companies are decentralized and they’re hir
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