Can crypto payments accentuate the trend for a globally distributed workforce?
More and more people in emerging markets such as freelancers are using crypto to get paid, and having crypto as a payment option enables people to get employed anywhere in the world.
So if you as an employer want to have the best talent globally, using crypto as a means of payment seem to work hand in hand.
One company that has garnered substantial growth over the past months is Rise, which offers a platform to pay employees and contractors globally with crypto and has processed more than $150million in volume of payments to date.
Some of their clients include t3rn, Bitcoin.com, Velodrome Finance, LIDO, P2P, Zen Academy to name a few.
On Episode 68, I spoke with Hugo Finkelstein, the Co-Founder & CEO of Rise, on how compensation is evolving & the incentives companies are proposing to attract talent globally.
Topics covered;
- Episode intro (0:47)
- Hugo’s background and story behind Rise (2:28)
- The current regulatory environment for crypto payments (8:42)
- Tax considerations (10:55)
- Web2 companies using stablecoins (13:10)
- Payroll for a globally distributed workforce (14:32)
- Thanks to our sponsor Web3Finance Club (16:05)
- Rise overview & onboarding (17:47)
- Using a SAFE to fund Rise account (20:36)
- Rise ID & keeping payroll transactions private (21:56)
- What does compliance mean (25:27)
- 1099s for contractors (27:46)
- Success stories at Rise (28:21)
- How is Rise different from its competitors - Request Finance, Coinshift, Acctual, BitPay, Parcel, Niural, Toku, & Franklin (29:48)
- Upcoming features for Rise (32:09)
- How EOR works for a South African employee (33:05)
- Closing thoughts (34:50)
- Using Rise ID to skip KYC checks (35:45)
- Maxim of Hugo Finkelstein (37:22)
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LinkedIN: https://www.linkedin.com/in/hugo-finkelstein/
Twitter: https://x.com/hugfink
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