Deel, a fintech company that specializes in payroll, has added two additional coins to its crypto portfolio. Contractors can now get their payments in USDC or Solana, the proof-of-stake blockchain’s native asset. Salary payments in bitcoin, ether, and XRP were previously supported on the site. In October, Deel secured $425 million in a Series D funding round.
Contractors will need a coinbase account to take advantage of the new functionality. Deel, according to their statements that cryptocurrencies offer a faster way for people to get paid with lower processing fees.
Deel’s clients include the likes of Coinbase, BlockFi, and Rarible.