The post Remote Enables US Companies to Pay Contractors in USDC Across 69 Countries Amid Evolving Payment Models appeared on BitcoinEthereumNews.com.

Remote’s new service enables US companies to pay contractors in USD Coin, expanding global payroll solutions while leveraging stablecoin advantages. This strategic move aligns with evolving hiring practices, promoting efficiency and compliance in international payments. According to Remote CEO Job van der Voort, “We’re adding a feature that has been highly requested by our customers, enabling them to pay contractors how they prefer.” Remote introduces USD Coin payments for US companies, enhancing compliance and contractor payment efficiency across 69 countries. Read more for insights! Fast and Stable Compensation with USD Coin The integration of USD Coin (USDC) into Remote’s payment system represents a significant advancement in contractor management. The feature allows contractors worldwide to receive payments securely, eliminating the risks associated with traditional banking systems. Remote’s announcement highlights the growing demand for minimal transaction delays in a global marketplace. Contractors now have the option to receive payments through a Base wallet address, powered by Coinbase’s layer-2 network, which launched in August 2023. By transitioning to a stablecoin, Remote not only enhances payment speed but also ensures that contractors can hedge against local currency volatility, particularly in regions facing economic challenges. Remote’s integration with Stripe significantly improves operational efficiency, with payments being settled almost instantly. Adapting to a Post-COVID Hiring Landscape The post-COVID environment has led to a fundamental shift in how companies manage their workforce, especially with an increase in remote and freelance work. Remote’s CEO emphasizes the vital need for companies to adapt their payment methods to meet contractor preferences, stating that stablecoin payments enhance the flexibility and compliance already provided by Remote’s frameworks. Furthermore, this evolution reflects a broader trend among companies to streamline their contractor onboarding and payroll systems. This strategic adaptation is crucial as global hiring models continue to evolve. Employers are expected to embrace innovative…

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Filed under: News - @ December 17, 2024 9:17 pm