#Cryptocurrency #USA #Chicago #Helios #global payroll

Helios Launches Cryptocurrency Payroll Funding Solution

Helios, a prominent name in global workforce management, is set to revolutionize payroll processes beginning January 2025 with the introduction of its cryptocurrency payroll funding solution. This innovative platform aims to provide businesses with enhanced flexibility and compliance when managing global payroll and payments through the use of cryptocurrency.

What’s New in the Cryptocurrency Payroll Funding Solution?

The new payroll funding solution supports the top 17 cryptocurrencies, which allows companies to utilize digital assets for their payroll requirements. However, it's important to note that while this system facilitates cryptocurrency transactions, it does not enable direct cryptocurrency payments to employees due to local regulations. Instead, it allows for payments to contractors through Helios’ Contractor Pay and Agent of Record solutions. This distinction ensures that companies leveraging crypto can streamline their payment processes while adhering to compliance norms.

The platform underscores Helios’ dedication to innovation, enabling businesses to rapidly and efficiently manage payroll across over 125 countries. Payments initiated through the system are converted instantly into fiat currencies like USD, GBP, or EUR, thus guaranteeing that employees receive their salaries in local currencies promptly and legally.

Secure and Compliant Transactions

Security and compliance are at the forefront of Helios' offering. The platform operates with strict adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, working alongside trusted partners to ensure that businesses can confidently utilize cryptocurrency as a viable payment option. This security framework allows businesses to conduct transactions that are secure and compliant with prevailing global regulations.

How It Works

The operation of Helios' cryptocurrency payroll funding system is straightforward:
1. Businesses submit their payroll and contractor payment details through the Helios platform.
2. Payment approvals are required to ensure accuracy and compliance.
3. Payments can be made directly from a crypto wallet.
4. The system instantly converts the cryptocurrency into fiat currencies.
5. Funds are deposited into Helios' bank accounts and become available for distribution within one business day.
6. The final payments are then disbursed globally in compliance with local regulations.

According to Rick Hammell, CEO and Founder of Helios, “By enabling cryptocurrency as a payroll funding option, we’re offering businesses greater flexibility and a more efficient way to manage global payments.” This advancement emphasizes Helios’ robust technological integration, allowing companies to remain competitive while navigating the complexities of a rapidly digitalizing global economy.

The Future of Payroll Solutions

As businesses increasingly recognize the advantages of utilizing cryptocurrency for payroll, Helios is positioning itself at the forefront of this shift. The ability to adopt cutting-edge technology to manage employee payments is crucial for companies looking to expand rapidly while ensuring compliance. This newly launched solution not only streamlines the process but also fosters an environment where organizations can focus on growth without the burden of financial complexities.

For organizations interested in exploring this innovative solution, Helios provides additional resources and options for scheduling demos via their website.

About Helios

Helios is dedicated to enhancing workforce management technology on a global scale. Its platform is designed to improve productivity while delivering insights that facilitate strategic decision-making. With its rich portfolio that includes payroll, hiring, and management functionalities, Helios aims to empower organizations by unlocking new opportunities and simplifying operations across various geographical locations.

To learn more about Helios and to set up a demo, visit Helios' official website.