Case Study: Privy achieves instant global payroll for 150+ countries with Toku

Privy - Customer Case Study

Privy, a company in the embedded wallets and crypto payroll infrastructure industry, faced the challenge of conventional cross-border payroll systems being slow, costly, and complex. These systems relied on traditional fiat rails involving multiple banks and FX conversions, which could take up to a week and result in approximately 5% of the payment value being lost to fees. Privy partnered with the vendor Toku to build a better global payroll experience for the borderless economy.

Toku's solution involved creating a stablecoin-enabled global payroll system using on-chain disbursements. This shift to stablecoin settlement rails allowed for same-day, dollar-denominated payments with transaction costs of less than $0.01. The result was a dramatic improvement: payout speeds were reduced from 1-7 days to same-day delivery, and the solution enabled low-fee payments to workers in over 150 countries, ensuring they retained more of their earned value.

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