MoonPay wants to help 40,000 businesses in UK and EU pay workers in stablecoins

MoonPay, a prominent cryptocurrency infrastructure provider, has unveiled a new initiative aimed at enabling 40,000 businesses across the United Kingdom and the European Union to pay their employees using stablecoins. This move is designed to streamline cross-border payroll processes, reducing the high fees and long wait times typically associated with traditional banking systems. By utilizing digital assets pegged to stable fiat currencies, MoonPay aims to provide a more efficient financial tool for companies with international workforces. The expansion comes as regulatory clarity improves in the region, particularly with the implementation of the Markets in Crypto-Assets (MiCA) regulation in the EU, which provides a framework for stablecoin issuers and service providers. This development marks a significant step toward the mainstream corporate adoption of blockchain technology for day-to-day financial operations and employee compensation.

Source: MoonPay wants to help 40,000 businesses in UK and EU pay workers in stablecoins