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Setting up a Hybrid Crypto Payroll: A Step-by-Step Guide

Welcome to hyBit’s comprehensive guide on implementing a hybrid payroll system that combines traditional GBP payments with the flexibility of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Our streamlined process empowers employers to offer customizable crypto salary payments, enhancing employee satisfaction and staying ahead in the evolving financial landscape.”

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How The Hybrid Crypto & Fiat Payroll Process Works:

number 1
Registration

You (the employer) register a free account on the hyBit platform.

number 2
Employee Upload

Once registered, import your employee list and data directly from Xero or Quickbooks, or via CSV upload, you can also add or remove employees individually.

number 3
Registration

Employees receive an email to set their desired crypto payroll allocation, for example £300 worth of BTC and their receiving wallet address.

number 4
Employer Wallet Integration

You, the employer, connect your existing wallet to the hyBit payroll, current integrations support the following; Coinbase & MetaMask wallet, as well as WalletConnect, which provides integrations with 100's of wallets.

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Crypto Payroll Prep

The hyBit payroll dashboard will notify you of your next estimated crypto payroll amount and asset type.

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Run Crypto Payroll

Upon payroll date, you will submit your crypto payroll and approve the transfer.

number 7
Payslip Reporting

hyBit automatically reports employee crypto salary payments to Xero or Quickbooks, with automatic reporting on all employee payslips.

Registration

You (the employer) register a free account on the hyBit platform

Employee Upload

Once registered, import your employee list and data directly from Xero or Quickbooks, or via CSV upload, you can also add or remove employees individually.

Employee Crypto Allocation

Employees receive an email to set their desired crypto payroll allocation, for example £300 worth of BTC and their receiving wallet address.

Employer Wallet Integration

You, the employer, connect your existing wallet to the hyBit payroll, current integrations support the following; Coinbase & MetaMask wallet, as well as WalletConnect, which provides integrations with 100's of wallets.

Crypto Payroll Prep

The hyBit payroll dashboard will notify you of your next estimated crypto payroll amount and asset type.

Run Crypto Payroll

Upon payroll date, you will submit your crypto payroll and approve the transfer.

Payslip Reporting

hyBit automatically reports employee crypto salary payments to Xero or Quickbooks, with automatic reporting on all employee payslips.

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Discover a groundbreaking way to empower your employees with flexible earning options. Our hybrid payroll system combines GBP with leading cryptocurrencies like BTC, ETH, and USDT, giving your team the freedom to earn, save, and grow in the Web3 era. Join the future of payroll today!