Rain Partners with Toku to Revolutionize International Payroll with Stablecoins
Rain, a leading platform for issuing payment cards using stablecoins, has joined forces with Toku, a company specializing in token and stablecoin-based payroll solutions. This groundbreaking partnership introduces a cutting-edge, real-time payroll system that is not only efficient but also compliant with international regulations, catering to global teams.
Streamlined Payroll Processing
By integrating Rain’s infrastructure with Toku’s system, companies can now seamlessly pay their employees in stablecoins across more than 100 countries. This integration ensures that payroll processing is not only swift but also adheres to local compliance requirements, making it a hassle-free experience for employers.
Compliance and Efficiency
Employers can now calculate and distribute net pay while staying compliant with tax and labor regulations. Payments are settled onchain in stablecoins like USDG, USDC, and RLUSD, leveraging popular platforms such as ADP, Workday, and Gusto. This eliminates delays and reduces costs associated with traditional banking systems, providing employees with a seamless payment experience.
Empowering Employees
Employees receive their payments directly into their wallets or digital asset accounts, giving them full control over their finances. Additionally, they have the option to use Rain-issued cards for easy access to their funds. This empowers employees to manage their finances efficiently and conveniently.
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