Article Details

Aleo Teams Up with Request Finance to Bring $1B+ in Private Crypto Payments On-Chain

TL;DR

• Privacy breakthrough: Aleo’s cryptographic tech integrated into Request Finance enables confidential blockchain payroll and vendor payments, while still allowing controlled compliance checks.
• Rapid adoption: Within two months of pilot launch, Aleo surged to a Top‑2 blockchain in payment volume, overtaking major established networks.
• Global efficiency: Businesses can now send instant, private cross‑border payments without the delays and high fees of traditional banking systems.
  

  ---

Paying employees in cryptocurrency is gaining traction among global businesses seeking faster, cheaper, and more flexible alternatives to traditional payroll. Yet blockchain’s transparency can expose sensitive salary data, creating discomfort and compliance concerns. Aleo and Request Finance have now joined forces to address this challenge, enabling over $1 billion in private, compliant crypto payments to move on-chain.

Tackling the Privacy Gap in Blockchain Payroll

While blockchain offers speed and cost advantages over fiat systems, its public nature can reveal how much and how often employees are paid. This lack of confidentiality has deterred some companies from adopting crypto payroll. Aleo’s cryptographic technology, with its unique public/private state, allows transactions to remain confidential while still meeting regulatory requirements. This integration with Request Finance directly addresses the privacy gap that has limited broader adoption.

From Pilot to Top-Tier Blockchain in Payments

Following a pilot launch with the Aleo Network, Request Finance saw Aleo rise to the Top-2 blockchains in payments within just two months, surpassing established networks like Tron, Solana, and Polygon. Businesses can now run payroll, pay vendors, and execute intercompany transfers privately, without sacrificing the efficiency and low fees that make crypto attractive. The partnership builds on Request Finance’s track record of processing over $1 billion in crypto and fiat transactions for companies worldwide.

Compliance Without Compromise

Managing international payroll usually requires dealing with several banks, long settlement periods, and significant fees. Aleo’s integration enables instant cross-border payments without revealing individual compensation details. For compliance purposes, companies can share a view key with auditors or regulators, granting controlled access to transaction records. This approach preserves privacy while ensuring adherence to applicable banking regulations, offering a balance between discretion and transparency.

A New Standard for On-Chain Business Payments

With Aleo now live on Request Finance, businesses can choose between public or private payments. Details such as wallet addresses, amounts, and currencies remain confidential in private mode. Aleo co-founder Howard Wu emphasizes that privacy is not just a feature but a requirement for bridging traditional finance and blockchain. This collaboration sets a precedent for secure, compliant, and private on-chain payments, potentially reshaping how companies handle sensitive financial operations.