Bloccpay Builds Stablecoin Payroll Platform for Africa’s Cross-Border Workforce

Bloccpay is developing a stablecoin-powered payroll and invoicing platform aimed at remote African workers, international employers and independent contractors operating across borders.

Founded by Jennifer Echenim and Ajoke Asunmonu, the platform is designed to combine blockchain-based settlement with formal financial records, including digital payslips, invoices and receipts.

Addressing payment and documentation gaps

The idea emerged from Echenim’s experience after she relocated from Nigeria to the United Arab Emirates while working remotely for international companies. She described difficulties accessing her salary and producing records that could satisfy traditional financial institutions.

According to the account of her experience, one payment service supplied verifiable earnings information but processed transactions slowly and offered less competitive foreign-exchange conversion rates. A cryptocurrency exchange settled payments more quickly, but generated wallet histories that Echenim said UAE commercial banks rejected as proof of income.

“I was doing this convoluted dance every month—moving money through friends, converting stablecoins, and navigating P2P channels just to access my salary,” Echenim said.

The founders identified high charges, delayed settlement and gaps in compliance documentation across the payment process for global contractors. Bloccpay was conceived in 2022 and privately beta-tested in 2023.

Payroll and income records

Employers using the platform complete automated Know Your Business and Know Your Customer checks. They can onboard full-time employees or independent contractors, set weekly or monthly payroll schedules and fund payments using fiat currency or cryptocurrency.

Bloccpay is designed to allow workers to receive funds on their preferred blockchain network without requiring employers to manage liquidity across multiple chains. The company describes the platform as chain-agnostic and focused on African banking corridors.

It also generates itemised digital payslips, official receipts for invoices and customised invoices that can include contract attachments, proof-of-work documents and value-added tax calculations. The founders say these records are intended to create a paper trail that can be used with traditional banks.

“Legacy payroll systems were built on the assumption that employers and employees operate within the same legal jurisdiction,” Echenim said. “Banking rules, tax compliance, and documentation frameworks were all designed around that premise. Remote work completely shattered those assumptions.”

Fees and planned expansion

Bloccpay charges $15 per contractor each month for payroll processing. It also applies a 1% invoicing fee and a 1% fee when users withdraw funds from its ecosystem.

The platform competes with services including Request Finance, Bitwage and Rise Works. Its stated differentiation is its emphasis on African banking corridors and its ability to support users across blockchain networks.

The team plans to increase processing volumes and improve cross-border off-ramp liquidity across emerging markets. It also wants to use verified income histories to support additional services such as health insurance, gym memberships, travel booking and utility payments.

“Our vision is to build a unified financial hub where workers manage and spend their earnings seamlessly, rather than juggling multiple payment apps,” Echenim said.

Asunmonu said the product is intended for users with and without experience using cryptocurrency. “We cater seamlessly to both crypto-native users and non-crypto talent,” she said.