Remote has introduced a significant global payment update for contractors. Companies can now use stablecoins for payments, and this innovative feature is available in 69 countries.
Businesses can pay contractors using USD Coin (USDC) on Base, Coinbase’s Layer 2 blockchain. The feature is available only to U.S.-based companies and promises faster and more secure payments.
Contractors can now bypass traditional banking systems. They receive payouts directly into their Base Network Wallet, and payments arrive quickly and without local currency fluctuations.
Employers still pay in U.S. dollars, simplifying the process. However, contractors now have the flexibility of receiving payments in stablecoins. This change aligns with the increasing demand for efficient global payments.
Global talent acquisition is growing. Businesses need ways to pay international contractors quickly and reliably. Remote’s new feature directly addresses these challenges.
It offers a fast, secure method of compensation. Contractors can opt to be paid in USDC, which ensures immediate payouts without relying on traditional systems.
For contractors in regions with unstable currencies, this feature is a game-changer. Payments arrive in a stable digital currency. Contractors avoid issues tied to inflation or currency devaluation.
The feature’s onboarding is straightforward. Contractors select the new withdrawal method and provide their Base Network Wallet Address.
Remote’s platform automates invoicing and payroll, keeping businesses’ operations smooth. Employers retain simplicity while offering contractors added flexibility.
This feature marks a significant shift in payroll systems. Remote combines innovation with practical solutions, allowing companies to manage payments more efficiently.
This advancement reflects broader trends in global workforces. Blockchain technology is increasingly used as a business tool, and Remote’s solution demonstrates its relevance and potential.
This shift highlights the growing importance of technology in creating seamless and secure connections across borders.
Businesses enjoy simpler processes, and contractors appreciate faster, more flexible payments. Reduced inefficiencies and increased transparency benefit both sides.
Global businesses face unique challenges, including managing diverse, distributed teams. Remote tools help overcome these hurdles easily.
This feature is only for U.S.-based companies now; however, Remote plans to expand access. Future updates will address broader audiences.
Using USDC on Base ensures speed and stability. Contractors avoid delays and currency issues, and employers retain a seamless billing process.
The feature reflects Remote’s focus on innovation. It empowers businesses to effortlessly manage global teams, and contractors enjoy faster payments and enhanced flexibility.
As the global workforce evolves, so must the tools supporting it. Remote’s approach sets a benchmark for others to follow, signaling a promising future for HR and payroll solutions.
- 107shares
- Facebook Messenger
About the author
Khalid Jama is a Senior Contributor at DbdPost, offering expert insights on business and finance through engaging news and opinion pieces. His thoughtful analyses make complex financial topics accessible to readers.
