Topics
Latest
AI
Amazon
Image Credits:Jakub Porzycki / NurPhoto / Getty Images
Apps
Biotech & Health
clime
Cloud Computing
Commerce
Crypto
initiative
EVs
Fintech
fundraise
Gadgets
Gaming
Government & Policy
computer hardware
Layoffs
Media & Entertainment
Meta
Microsoft
concealment
Robotics
security measure
Social
Space
startup
TikTok
Transportation
Venture
More from TechCrunch
outcome
Startup Battlefield
StrictlyVC
Podcasts
television
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Getting paid in cryptocurrencies may sound like a bad idea , but this could be an really utilitarian feature article for international contractors . Remote , the companionship that lets you hire people and manage contractors all around the man , is introducing crypto payouts on Tuesday .
Companies based in the U.S. can start pay their contractors with stablecoins in 69 countries . For this lineament , Remote is partnering with Stripe .
The company only patronage USDC for now , a widely used cryptocurrency stablecoin managed byCircle . One USDC is deserving one USD at any period in time , which means that company and contractors are never exposed to the volatility risks incurred by cryptocurrencies .
As a contractile organ , getting paid in USDC means that requital are fast and ca n’t get stick in international conveyance oblivion . Crypto payouts are sent on Base , the Layer-2 blockchain from Coinbase .
And of course of instruction , it means that declarer get paid in a USD - designate cryptocurrency . If you dwell in a body politic that suffers from money devaluation , being able-bodied to hold USDC can increase your purchasing power .
When you need to bribe something in your local shop , you’re able to switch some USDC to your local currentness , send the money to your bank story , and keep the relaxation in your crypto billfold . Some people might even start using a debit card go forth by a crypto exchange to seamlessly spend USDC .
When contractor are invite to Remote to create an account , they can resolve how they want to get paid : in a local up-to-dateness on a bank history or in USDC . If they select USDC , they can enter their pocketbook address and start uploading invoices . When companionship approve account in their Remote dashboard , Remote creates a defrayal postulation for all their contractors and automatically transfers money using the right-hand payout method acting .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
In the future tense , Remote plans to turn on the lineament for customers headquartered in other countries and add support for more cryptocurrencies , include Bitcoin and Ethereum , for those who are crypto maximalists .
