Payroll

Credible's overcollateralized credit lines ensure businesses can pay employees on time, even with fluctuating cash flow, using stablecoins and crypto-backed security.

Payroll management is an ongoing challenge for businesses, particularly those in industries where income is irregular or cash flow is cyclical. For many small businesses, paying employees on time, regardless of when revenue is generated, is critical to maintaining morale, employee retention, and operational efficiency. Credible’s overcollateralized credit lines offer a simple solution to address payroll needs, even when incoming cash flow is slow or inconsistent.

How It Works:

• Collateralization: The business pledges digital assets (crypto) as collateral to secure the credit line. This provides Credible with a buffer against the volatility of crypto assets.

• Access to Stablecoins: Upon collateralization, the business receives stablecoins as a form of credit, which are pegged to fiat currency values (USD, EUR). These stablecoins are then used to pay employees’ salaries, ensuring timely payment without cash flow delays.

• Repayment Flexibility: When the business receives incoming revenue, typically from client payments or other sources, it repays the credit line in stablecoins, replenishing its credit for future use.

Benefits:

• Timely Payroll: Ensures employees are paid on time, even if client payments or revenue cycles are delayed.

• Reduced Risk: Businesses are not reliant on external loans or traditional credit facilities, which may come with high interest rates or long processing times.

• Simplicity: Enables fast, secure, and borderless payments to employees in a variety of currencies and regions without the need for intermediaries.