NOWPayments launches ‘Shiba Inu Payouts’ for companies.
A solution to the strict, time-consuming KYC-based process is proposed.
The cryptocurrency payment processing platform, NOWPayments, introduces the latest feature, which allows the companies to compensate their employees’ payouts in Shiba Inu (SHIB). The new functionality combined with SHIB will offer numerous advantages, such as simple and quick payment methods with high privacy, to business firms.
According to a recent blog post by NOWPayments, the business organizations with SHIB followers among their staff will give them the option to receive their salary in Shiba Inu tokens. The crypto payment platform plans to execute this new feature via its crypto gateway platform’s Mass Payments service.
Enabling SHIB Payouts
Along with high security and a speedy transaction process, NOWPayments also offers additional benefits such as transparency, accountability, and ownership. Also, the firms can simplify the process of paying crypto wages and other kinds of mass payments by using the Mass Payments function.
NOWPayments stated:
Essentially, to send SHIB salaries, you will only need a SHIB crypto address. These addresses can be generated in a matter of seconds. Once you have your address and the required sum of SHIB in your wallet, you can pay the salary to your employee.
For making SHIB payments to employees, the businesses first need to create a NOWPayments account. Following this, they need to generate an API key and fill out the NOWPayments form for mass payout requests.
Wallet addresses of all the employees and the allocated amount have to be fed into the software. By completing this process with official credentials, SHIB could be deposited into their employees’ accounts.