PDAX and Toku Enable Salaries in Stablecoins for Filipino Workers
PDAX, a regulated cryptocurrency trading platform in the Philippines, has announced a partnership with Toku, a global Web3 payroll provider, to enable workers in the Philippines to receive salaries in stablecoins.
The new integration links Toku’s token-based payroll system with PDAX’s regulated cash-out network, allowing companies to send stablecoin wages through standard payroll flows. Employees can instantly convert their earnings into Philippine pesos without transfer fees or delays.
Payments are routed directly to PDAX wallets or external addresses for real-time, on-chain settlement. Workers can then withdraw funds to nearly any local bank or e-wallet, including GCash and GrabPay. Employers can fund payroll in either pesos or stablecoins such as USDC.
Toku provides token and stablecoin payment services used by companies in over 100 countries, integrating with existing payroll systems. PDAX offers crypto trading, cash-out services, and tokenized products for local users and businesses.
The partnership aims to facilitate digital payments and integrate blockchain technology into employee payrolls, offering a fast and efficient alternative to traditional payment systems.