Stellar Community Fund

By Wagelink - SDP Integration

Wagelink - Soroban Integration

SCF #24

$50.0K

Legacy v5.0 Activation Award

Awarded

Introducing WageLink, the app that allows employees in the US to receive their wages up to 5 days early in fiat or crypto!

Products & Services

WageLink is an up-and-coming super payroll app, developed by Zebec, that allows employees to receive their pay up to one week early. Additionally, WageLink offers an array of features that caters to the evolving needs of today’s workforce. Key features include: (1) mobile payment capabilities that enable employees to make transactions directly from their phones, and (2) budgeting tools to empower individuals to track their expenses and saving goals. Over 62% of Americans today live paycheck to paycheck, and 4.5% are unbanked. WageLink aims to provide viable and accessible financial tools for Americans to access their hard-earned wages to be able to focus on being more productive at work instead of worrying about financial troubles. The WageLink app is designed to be intuitive, making it easy for everyone, no matter how tech savvy, to access and keep track of their wages, expenses, and spending habits.

WageLink is looking to launch an Earned-Wage-Access product which is going to allow the mass adoption of the app through early access of payroll for the employees. This is where the Stellar Disbursement Platform will come into play as a major portion of WageLink’s customer base will use stablecoin (e.g., Circle USDC) over Blockchain Network Platforms like SDP to receive their early payroll in Stellar wallets. There is an additional critical use case where the early wage will be used to remit funds across the border at a minimum fee.

WageLink’s customer base includes a big contingent of migrant workers who are interested in cross-border remittances and will be the first users of Stellar Payments. The Card Issuer is Santander Bank and the prepaid card partner is PrePaidDigital Solutions. The cards will be loaded with USDC from a USDC minting account created in association with Circle. The employees, when requested for the Earned Wage Access program, will have their payroll fund being converted from USD to USDC and sent using Soroban across cross-border.

Regarding the off-ramp of USDC, WageLink wants to provide the following options to the receiver of the fund:

- Vibrant Wallet - Zebec Instant Card