Crypto

Polygon (MATIC) Integrates First-Ever US-Compliant Crypto Payroll Platform

Vladislav Sopov

Crypto-Enabled Franklin Payroll Platform Goes Live in Beta Testing Mode on Polygon (MATIC) Blockchain

Contents

  • Launch of Franklin crypto and fiat payroll service on Polygon (MATIC)
  • Polygon (MATIC) Founder Reveals Sensational Endgame Goal

Another Web3 financial application with an unusual use case is uploaded to Polygon (MATIC) smart contracts.

Launch of Franklin crypto and fiat payroll service on Polygon (MATIC)

Franklin, a service that enables businesses and organizations to use blockchain-based payment instruments, is launching its open beta for testing on the Polygon Network (MATIC).

According to a statement shared by its team yesterday, November 4, 2022, this platform was chosen as the technical basis for further development due to its speed, cost-effectiveness, and robust design.

Currently, the platform is waiting for Web3 developers and enterprises to join its beta test campaign. Apart from cryptocurrencies, the platform also supports fiat payments.

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Franklin markets itself as the only regulated automated payroll service in the United States that works with digital assets. It streamlines payments to staff and contractors in the B2B segment, creates and completes tax returns, and more.

Polygon (MATIC) Founder Reveals Sensational Endgame Goal

Recently, Polygon (MATIC) scored collaborations with Meta’s Instagram and JP Morgan. As covered by U.Today previously, JP Morgan confirmed its first transaction on Polygon (MATIC) between the tokenized versions of SGD and JPY.

The experiment was conducted by Project Guardian, an initiative supported by the Monetary Authority of Singapore (MAS). Polygon (MATIC) co-founder Sandeep Nailwal pointed out that the interest in his platform should be attributed to the opportunities offered by his second layer scaler zkEVM:

That’s it when the world’s first “FULLY BUILT zkEVM” mainnet is almost here. This is not the promise of a future zkEVM, these are not fake zkEVM mainnets to attract new investors, but in fact FULLY BUILT, source code available, verifiable evidence, fully functional production quality mainnet and decently effective. See you soon on #zkEVM

Polygon (MATIC) zkEVM is a next-generation scalability protocol based on zk cryptography. It reconsiders the interaction between L1 and L2 and makes it faster and cheaper.

Ultimately, Nailwal adds, he is focused on making Polygon (MATIC) one of the top three blockchains alongside Bitcoin (BTC) and Ethereum (ETH).



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