Fast, Free and Efficient: Deel Now Offers Cryptocurrency Payroll

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November 11, 2020
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We are proud to announce the launch of Deel Crypto, which allows you to withdraw your paycheck in the cryptocurrency of your choice. This allows Deel users near-instant withdrawals along with the security and efficiency of blockchain technology. Through a partnership with Coinbase, we have eliminated transfer fees and made it easy to access your paycheck regardless of your location. To get started, all you need is a Coinbase account.

We take our mission of building a platform that seamlessly supports contracts and payroll for international teams seriously. We’ve heard from our users that their usage of digital currencies is growing, due to digital currencies’ processing speed, and its ability to eliminate documentation requirements and hidden transaction fees. In addition, crypto’s tamper-proof online ledger, blockchain, ensures payments are always secure. With Deel Crypto, we have removed a major pain point of international payments.

Traditionally, transferring money – especially into different currencies and across borders – is done using the SWIFT network, commonly referred to as wire transfers. These transactions are costly, volatile, and take days to complete. The typical transfer fee of $40 per transaction eats away at your paycheck. Deel Crypto eliminates those costly fees.

The Benefits

  1. Speed: Receive your paycheck in seconds, directly into your Coinbase account 
  2. Cost: Eliminate costly SWIFT wire fees
  3. Efficiency: Say goodbye to frustrating requests from SWIFT for compliance documentation
  4. Security: With Coinbase, be confident your money is safe and compliant with local rules

Coming quickly on the heels of the launch of Deel Advance, Deel Crypto is yet another example of how we are continuing to improve our service by providing seamless, flexible payment options for an ever-growing global workforce. 

“I was shocked by the speed at which I received my payment. I could literally see the money hit my account within moments of making the request.” - Deel contractor in Argentina

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