Payroll processing firm Valereum has added a new slew of multi-currency and cryptocurrency payment options to its features to help employers and users speed up their payment processes, making transactions more flexible by giving them access to new forms of payment as per an official press release by the company.
The product solution—developed by Valereum’s investee company Fideum—is expected to create shorter capital working cycles and other benefits.
Valereum has said that the company’s new feature is white-label ready, which means other companies can adopt the technology using their own branding.
“This initiative reinforces Valereum’s strategy of leading digital asset innovation and infrastructure, and is an additional step in building a comprehensive, crypto-native ecosystem that supports mainstream adoption of blockchain technologies,” said Valereum’s CEO Gary Cottle.
“Our partnership with Valereum demonstrates how digital assets can deliver real, tangible benefits today. By combining compliance, efficiency, and choice, we’re making global payroll simpler for employers and more empowering for employees. This is exactly the kind of practical use case that accelerates mainstream adoption of stablecoins and digital infrastructure,” said Fideum’s CEO Anastasija Plotnikova.
Source: Google Finance
At the time of writing, Valereum shares were priced at 0.026 euros, down by 90.71% on a YTD basis.