Blockchain Payroll Platform WorkChain.io has partnered with tokenization platform STASIS to enable euro-backed crypto paychecks for its European Union (EU) users with the EURS stablecoin. EURS becomes the second stablecoin selected for use on the WorkChain.io platform but the first one collateralized in euros. The platform also supports TrustToken's TrueUSD stablecoin, which is a fiat-collateralized stablecoin pegged to the U.S. dollar.Speaking with Bitcoin Magazine, WorkChain.io CEO Ryan Fyfe said the inclusion of EURS payment on the platform means "anyone who gets paid in Euros can now choose to get their paycheck in cryptocurrency. And, being a stablecoin, it protects workers and employers from volatility. With the volatility of the cryptocurrency market in recent days, the need for stablecoins has become even more apparent."WorkChain seems to be entirely different from a host of blockchain-based payroll services like Bitwage, the U.S.-based payroll and wage payment platform. Whereas Bitwage offers the typical payroll model with an option to convert monthly payments into bitcoin or ether, WorkChain disrupts the pay period, allowing workers to choose when they want to get paid and in which currency."So, instead of waiting weeks or up to a month to get their paycheck, workers can choose when their payday comes — every day if they want. It’s their paycheck on demand. This gives people more financial con...
