Bloccpay, a cross-border payroll and invoicing infrastructure founded by Jennifer Echenim and Ajoke Asunmonu, offers stablecoin settlements combined with bank-compliant pay slips. Conceived in 2022 and tested in a private beta in 2023, the platform addresses documentation gaps faced by remote African workers earning from international employers.
Resolving Compliance Hurdles for Remote Staff
Legacy payroll frameworks operate on the premise that employers and workers reside in the same legal jurisdiction. International remote contractors in Africa frequently encounter delays from legacy payment tools or face outright rejection from commercial banks when presenting raw cryptocurrency ledger records as proof of income for visas, rent, or bank accounts. Bloccpay resolves this friction by generating itemised digital pay slips for payroll cycles alongside official receipts for custom invoices. Workers can include contract attachments, proof-of-work documentation, and Value Added Tax calculations to build verifiable income trails accepted by traditional financial institutions.
Multi-Chain Payroll Infrastructure
To initiate payments, employers complete automated Know Your Business and Know Your Customer checks by submitting corporate registration records and administrator identification. Verified companies can onboard full-time staff and independent contractors, establishing automated weekly or monthly payroll runs funded with fiat currency or digital assets. Operating on a chain-agnostic architecture, the system allows workers to receive earnings on their chosen blockchain network without requiring employers to manage multi-chain liquidity.
Monetization and Product Strategy
Bloccpay generates revenue by charging employers a $15 monthly fee per contractor for payroll processing, alongside a 1% fee on invoicing and a 1% fee on withdrawals out of its ecosystem. The withdrawal charge is structured to encourage contractors to retain capital within the platform. Competing alongside global crypto-payroll tools such as Request Finance, Bitwage, and Rise Works, Bloccpay focuses specifically on African banking corridors. Over time, the company plans to use verified payment histories to launch embedded financial services, including health insurance, utility payments, and travel bookings.
AI-generated editorial illustration; not a documentary photograph.
Source: Bloccpay is using stablecoins to simplify cross-border payroll
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