MoonPay Aims to Enable 40,000 UK and EU Businesses to Easily Pay Employees in Stablecoins

Published: 2026-02-10

Categories: Technology, News

By: Mike Rose

In recent years, the way businesses handle payroll has undergone a significant transformation, driven by advancements in technology and the increasing globalization of the workforce. One of the most notable developments in this realm is the partnership between Deel, a leading provider of payroll and compliance solutions, and MoonPay subsidiary Iron, which is set to revolutionize how companies disburse salaries. By integrating Iron’s technology into its platform, Deel now allows companies to pay their employees' salaries directly into digital wallets. This innovation stands to not only streamline payment processes but also offer new efficiencies and flexibility for both employers and employees alike.

As remote work becomes the norm—a trend accelerated by the global pandemic—companies are expanding their talent acquisition efforts beyond geographic boundaries. This shift brings with it distinct challenges, particularly in terms of compliance with labor laws, tax regulations, and the complexity of cross-border payment systems. Deel has positioned itself as a vital player in this space, providing solutions that enable companies to hire workers from around the world while ensuring compliance and facilitating payments. By leveraging MoonPay’s technology, Deel takes this a step further, enabling cryptocurrency payments directly into employees’ digital wallets.

The convergence of payroll and blockchain technology signifies a notable shift in how compensation can be managed. Traditional payment methods often involve intermediaries such as banks, which can complicate the disbursement process, particularly with international transfers. These intermediaries not only slow down transactions, but they also tie companies to fees and currency exchange costs. By utilizing digital wallets and cryptocurrencies, Deel can eliminate many of these pain points, streamlining the process and reducing costs.

For employers, this integration means greater flexibility in how they compensate their workforce. Companies can choose to pay employees in various currencies, including cryptocurrencies, providing an appealing option for workers who prefer to receive their salaries in digital assets. This is particularly relevant in the current economic climate where inflation may erode the value of fiat currencies. Employees who receive payments in cryptocurrencies can potentially benefit from value appreciation, a feature that could enhance job satisfaction and employee retention.

Moreover, direct wallet payments allow for quicker transaction times. Traditional bank transactions, especially international ones, can take several business days to clear. In contrast, cryptocurrency transactions can be completed within minutes, enabling employees to access their earnings almost immediately. This immediacy can be a game-changer for workers, particularly freelancers and gig economy participants who may rely heavily on prompt payment to manage their personal finances.

In addition to enhancing the payment experience, Deel’s integration with Iron’s technology emphasizes security and compliance. Utilizing blockchain technology allows for transparent and immutable records of transactions, reducing the risk of fraud and ensuring that companies remain compliant with local tax laws across different jurisdictions. This is particularly important in a landscape where regulatory scrutiny is evolving rapidly, as governments assess how to manage and tax cryptocurrency transactions.

This integration is a significant step towards a future where traditional payroll processes are augmented by innovative financial technologies. The implications for the gig economy and freelance workers are profound, as many of these individuals often struggle with late payments or complex payment mechanisms. With Deel’s new offerings, workers in these categories can expect a more straightforward payment process that aligns with their needs.

Furthermore, this move reflects a broader trend in the workforce towards decentralization. As remote work continues to flourish, and as employees seek more control over how and when they are paid, the demand for flexible payroll options is becoming critical. Companies that adapt to these demands—like Deel—are likely to attract top talent who are increasingly seeking roles that offer the freedom and flexibility that modern work requires.

However, the transition to payroll systems powered by cryptocurrencies also presents challenges. Many companies may need to navigate the complexities of integrating these new payment systems with their existing accounting and financial reporting frameworks. Additionally, employees who are less familiar with cryptocurrencies may require education and support to fully understand how to manage their digital wallets, including issues related to security, volatility, and tax implications.

Moreover, the regulatory landscape surrounding cryptocurrencies is still evolving. As governments across the globe work to establish clearer frameworks for digital assets, companies must remain vigilant to ensure compliance. This necessitates ongoing education and adaptation to new regulations that may arise as the regulatory landscape for crypto assets matures.

As Deel moves forward with this integration, it sets a precedent for other companies looking to innovate within the payroll space. Businesses must consider how they can leverage emerging technologies to create competitive advantages, particularly as the battle for talent intensifies in a rapidly changing employment landscape. Offering flexible payment options, including digital wallet transfers, could become a key differentiator in attracting skilled workers who value financial autonomy and timely compensation.

In summary, the partnership between Deel and Iron marks a significant advancement in payroll technology, representing a forward-thinking approach to addressing the challenges of the modern workforce. By enabling companies to pay employees directly into digital wallets, Deel is not only simplifying the payment process but also redefining the employee experience. As companies embrace these innovations, they will be better positioned to thrive in an increasingly competitive labor market while meeting the needs of a diverse and geographically dispersed workforce.

This evolution is only the beginning of what promises to be a dramatic shift in how compensation is managed, potentially reshaping the future of work as we know it. For individuals and businesses alike, the implications are far-reaching, ushering in an era where employment and payment practices are aligned with the realities of today’s digital economy. The fusion of payroll solutions and blockchain technology strikes at the heart of a crucial transformation, and Deel’s pioneering efforts could well inspire a wave of similar innovations in the years to come.

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