I came across the idea of using blockchain tokens for payroll and found it interesting.
For a company with employees or contractors in different countries, blockchain-based payments could potentially make transfers easier. But there are also obvious questions around local regulations, taxation, token price volatility, transaction fees, and employee preferences.
A business could potentially use a stable-value token instead of a highly volatile token, but even then, the legal and accounting side would need careful consideration.
Has anyone explored erc20 token payroll for a real business? I’d be interested to know what challenges you faced around compliance, payment processing, accounting, and employee adoption.