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

2 years ago

Franklin crypto-friendly payroll platform goes live in beta testing mode on Polygon (MATIC) blockchain

Franklin, a service that empowers businesses and organizations with blockchain-based payment instruments, launches its open beta version for testing on the Polygon (MATIC) network.

Besides cryptocurrencies, the platform also supports fiat payouts. Franklin promotes itself as the only U.S.-regulated automated payroll service that works with digital assets.

It streamlines payments to staff and contractors in the B2B segment, creates and fills tax reports and so on.

Franklin

Polygon (MATIC) founder unveils his sensational endgame goal

Recently, Polygon (MATIC) scored collaborations with Meta's Instagram and J.P. Morgan. As covered by U.Today previously, J.P. Morgan confirmed its first transaction on Polygon (MATIC) between the tokenized versions of SGD and JPY. Related J.P.Morgan Conducts On-Chain Transaction as DeFi Pilot Approved in Singapore The experiment was helmed by Project Guardian, an initiative supported by the Monetary Authority of Singapore (MAS).

Polygon (MATIC) co-founder Sandeep Nailwal stressed that the interest in his platform should be attributed to the opportunities unlocked by its second-layer scaler zkEVM: This is all when world's first "FULLY BUILT zkEVM" mainnet is almost here. It is not a promise of a future zkEVM, its not fake zkEVM mainnets to lure in new investors, but actually FULLY BUILT, source code available, verifiable proofs, fully functional and decently efficient production grade mainnet. Polygon (MATIC) zkEVM is a new-gen 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) the top three blockchain alongside Bitcoin (BTC) and Ethereum (ETH).

source

446

4 comments