Toku has partnered with Philippine crypto exchange PDAX to launch a stablecoin-based salary payment service for remote workers and contractors. This collaboration enables crypto-native companies to pay employees through Toku’s platform, with PDAX facilitating real-time conversion of stablecoins to Philippine Pesos (PHP). The converted funds are then deposited into local bank accounts or e-wallets such as GCash, eliminating international transfer fees and delays.
The CEOs of both companies emphasized the service's potential to enhance financial services for Filipino professionals, offering a more efficient and cost-effective solution for salary payments. This initiative marks a significant step in integrating cryptocurrency solutions into everyday financial transactions in the Philippines.
Toku and PDAX Introduce Stablecoin Salary Payments in the Philippines
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