#68: Crypto Payments for a Globally Distributed Workforce with Hugo Finkelstein from Rise

Jul 17, 2024

Hugo Finkelstein, Co-Founder & CEO of Rise, dives into the transformative power of crypto payments for a globally distributed workforce. He discusses how platforms like Rise facilitate seamless compensation across borders, highlighting a surge in freelancer adoption in emerging markets. The conversation touches on the regulatory landscape, the rise of stablecoins in business, and the innovative compliance solutions Rise offers. Hugo shares success stories and explains how using crypto can help companies attract top talent globally.

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Intro

00:00 • 2min

From France to Crypto: Building a Global Gig Platform

02:17 • 6min

Navigating the Evolving Regulatory Framework for Crypto Payments

08:41 • 2min

The Rise of Stablecoins in Business Payments

10:56 • 5min

Navigating Crypto Payroll Solutions for Global Workforces

16:05 • 5min

Navigating Crypto Payroll Compliance

20:37 • 15min

Streamlining KYC and Contractor Services with RISE ID

35:46 • 4min

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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