Papaya Global launches global employee wallet powered by Fireblocks

According to CoinWorld, Papaya Global has partnered with Fireblocks to launch Banco Wallet, which supports cross-border instant payroll and employee compensation using stablecoin settlements. This all-in-one wallet allows employers to pay employees, contractors, and suppliers in over 180 countries/regions with either fiat currency or stablecoins, overcoming the slow settlement speeds and high costs of traditional systems. Banco Wallet is powered by Fireblocks' secure infrastructure and features credit card connectivity, multi-currency accounts, and remote family payment capabilities.