Payroll Management Startup Papaya Global to Offer Cryptocurrency Payment Option
The Tel Aviv startup develops a workforce management software. It will now offer employers the option to pay up to 30% of salaries in cryptocurrency
Meir Orbach | 12:38 12.12.2017
Workforce and payroll management startup Papaya Global said it would support virtual currencies, such as bitcoin and Ethereum, as a payment method for employees worldwide. The company made the announcement Tuesday, saying its customers would be able to pay up to 30% of their employees’ net salaries in cryptocurrencies.
For daily updates, subscribe to our newsletter by clicking here.Founded in 2016 and headquartered in Tel Aviv, Papaya Global offers a system that automates payroll processing, labor law compliance, and other aspects handled by human resources departments. Papaya Global’s clients include Johnson & Johnson, Facebook, and General Electric.