BiGGER Scales Global Payroll with Digital Payouts on the Stellar Network

Companies that operate across geographical borders face significant operational and financial challenges in paying a global workforce. Fluctuating currency rates, transacting in multiple foreign currencies, and the manual nature of payroll administration for remote workers create friction for companies like BiGGER that rely on global operations to serve their customers. As these enterprises scale, human resources and treasury managers seek tools that streamline, automate, and reconcile payroll to minimize risk and operational costs.

BiGGER, an Australian company providing training and business planning to non-technical founders building and scaling technical startups, experienced exponential growth throughout 2023. In six months, it tripled its employee count adding a significant concentration of employees based in Argentina. In doing so, BiGGER realized there were some challenges in paying a dispersed workforce with its existing crypto payout solution. Using crypto to pay workers proved to be a faster and low-cost option for the company, but the process itself still left opportunities for improvement.

Each pay period, the staff would manually transfer funds from an operating account and issue individual payments to each employee. As the workforce grew, this manual process proved difficult to scale. New employees were required to provide their digital wallet credentials prior to their first payment in order to be added to the payroll. This was not only manual, but increased risks of user error during wallet creation and for administrators establishing a new payee.

This is especially meaningful to employees in Argentina who face significant currency devaluation, making it difficult to anticipate the amount they would receive and hold in Argentine Pesos. With payroll initially disbursed in USDC, a regulated, digital currency that can always be exchanged 1:1 for US dollars, employees have predictability in their digital payout amount. The digital wallet empowers them with choice as to when and how to access funds with the ability to cash out in local currency as needed.

BiGGER’s technical team first learned of the SDP as an active member of the Stellar network’s ecosystem and through their participation in the community Discord. After accessing the developer documents and Github, they were pleasantly surprised by the solution’s user-friendly and intuitive interface. With initial support from the Stellar Development Foundation team, BiGGER’s developers quickly deployed the solution in several days.