#62: Global Crypto Payroll through EOR Model with Nabin Banskota from Niural

COVID has changed the game for companies hiring internationally.

Previously, if an employer didn’t have an established business, or a legal entity in the jurisdiction where the foreign worker lived, often their only option would be to hire the worker as an independent contractor.

Companies couldn’t hire full-time employees and were thus unable to grant health insurance, pension, and other benefits, like stock options.

Enter the Employer of Records model which allows companies without entities abroad to employ workers full time and give them benefits they couldn’t grant to them as contractors.

A few of the notable names in web2 would be Deel, Oyster or Remote.com

Now if you’re a web3 team and wish to pay employees in crypto, these companies offer limited features for Global crypto payroll.

Enter Niural, the EOR platform designed for crypto, which also provides a single HR tech platform for Payroll, Contractor Management, Employee Benefits, and Bill Pay.

Some of their web3 users include companies such as Alliance DAO, Tensor, Flare, Hadron Labs, Omni, and Glo Dollar to name a few.

On Episode 62, I spoke with its Founder Nabin Banskota, a serial entrepreneur with 20+ years of experience in fin-tech, HR, payroll, and sales to learn more about how they facilitate global crypto payroll.

Topics covered;

• Episode intro (00:47)
• Nabin’s background & story behind Niural (3:27)
• Trends in web3 hiring (5:38)
• Hiring as a contractor (10:37)
• Hiring an employee & EOR model (13:07)
• Difference between EOR & PEO (14:55)
• Adoption of crypto from web2 companies (17:55)
• Overview of Niural (23:28)
• Monthly payroll process through Niural (26:52)
• Countries eligible for onboarding (29:25)
• Thanks to our sponsor Web3Finance Club (32:08)
• Experience of a true payroll product with a paystub (33:50)
• Withdrawing funds from Niural (36:54)
• Roadmap & upcoming milestones (39:37)
• Trends accelerating crypto adoption (42:09)
• Closing thoughts (45:35)
• Favorite quote or maxim (47:32)

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Follow Nabin Banskota :

LinkedIN: https://www.linkedin.com/in/nabinbanskota/

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For show notes and past guests, please visit theaccountantquits.com/podcast/