Bitso powers crypto into Via’s payroll platform as remote work triples by 2027

Rick Steves

“We are also allowing companies to hire international talent without worrying about administrative issues.”

Payroll platform Via has tapped LATAM-based crypto platform Bitso as part of its efforts to set the standard for the future of employment, not only in Latin America, but throughout the world.

Via helps hire and pay workers anywhere in the world in compliance with local regulations. The partnership with Bitso will open the door to pay checks in crypto.

The move resolves frictions within the traditional financial system, aided by the power of stablecoins, while enabling the possibility of creating organizations with a global focus.

Rise of international remote work strengthens case for crypto

The global remote work market is expected to grow from $20.1 billion in 2022 to $58.5 billion in 2027, according to Markets and Markets. These numbers show that companies are increasingly looking for talent independent of where they are based in the world.

Paying workers in cryptocurrencies is a popular method throughout countries with international payment challenges, international contractor payments, and remote workers who travel between countries and want to receive their payments in a single currency.

Itziar Diez-Canedo, Co-founder of Via, said: “Through this solution, we are giving workers more options to define how to receive their payments regardless of where they live or what company they work for. We are also allowing companies to hire international talent without worrying about administrative issues.”

Crypto payments in USD stablecoins

Via will leverage Bitso’s institutional services to utilize the potential offered by stablecoins, designed to avoid fluctuation, to help companies hire talent around the world and expand their operations internationally without worrying about the bureaucratic particularities of each nation.

With cryptocurrency payments as an alternative option, corporations large and small can ensure that their international employees are compensated fairly and quickly, in compliance with local regulations, regardless of the state of the country’s economy.

Carlos Lovera, Business Development Leader at Bitso, said: “Traditionally, receiving payments in U.S. dollars is a challenge due to the traditional banking obstacles that companies and individuals continue to face. It’s exciting to team up with Via and help resolve these frictions in Mexico and in Latin America by allowing their clients to enable crypto payments for their workers. Leveraging the advantages of stablecoins that are pegged and backed by the U.S. dollar is a perfect use case that showcases the ways in which cryptocurrencies can be a useful technology for people and companies alike.”

  • Read this next

    Inside View

    Scalping or day trading?

    Among the many popular trading styles with both beginners and experienced traders are scalping, which allows you to extract small portions of profit from each price movement, and day trading, which aims to trade over a single day. In this article, you will learn what scalping and day trading are and their differences and peculiarities. Ultimately, you will learn what to look for to understand which trading style is right for you.

    Crypto Insider

    Unveiling Plasma Next: INTMAX’s Solution to Scale Ethereum with Stateless Layer

     INTMAX has launched Plasma Next on the mainnet α, a groundbreaking Layer 2 zkRollup, revealed by co-founder Leona Hioki at ETH Denver. This innovation offers scalability with constant costs per block, merging Plasma’s scalability goals with zkRollups’ security.

    Fintech

    Nuam selects Vermiculus for clearing system in Chile, Colombia, and Peru

    “We are proud to deliver a system that plays an integral role in the core of this historical merger, empowering one of Latin America’s most crucial markets with VeriClear’s state-of-the-art technology, together with our deep market expertise.”

    Retail FX, Uncategorized

    Moomoo launches super app in Malaysia

    “As an investment platform connecting 21 million retail investors globally, we envision collaborating with exchanges, regulatory bodies, and partners in the visible future to become the gateway, connecting Malaysia’s investment products to global capital and investors.”

    Executive Moves

    FXPA elects Joe Hoffman as new Chair in its 10th anniversary

    “The opportunity to serve as Chair of the FXPA is truly an honor, and I am committed to upholding the exceptional work of a FXPA. Given the recent market fluctuations due to global tensions, inflationary pressures, shifts in monetary policy, as well as the outcome of the US election and the risk of recession, brings the potential for more FX volatility in 2024. I am dedicated to expanding the FXPA’s membership and I’m excited about collaborating with all members to echo the unified voice of the FX market.”

    Market News

    Eurozone Fights Stagnation Whilst Stock Indices Rally

    European stock markets are defying economic gloom as they continue to soar to all-time highs, showcasing resilience amidst broader economic challenges.

    Web3

    Lisk Partners with Indonesia’s Communications Ministry to Boost Web3 Startup Ecosystem

    Discover the strategic partnership between Lisk and the Indonesian Ministry of Communications and Informatics, aimed at propelling local Web3 startups to new heights through comprehensive support and education.

    Executive Moves

    Admirals appoints founder Alexander Tsikhilov as CEO

    “Striking the right balance between sourcing new talent and developing and harnessing the strength and capabilities of our current workforce, is key to achieving our vision.”

    Executive Moves

    GCEX appoints Ignacio Corral and Helen Man to UK operation

    GCEX has announced the appointment of Ignacio Corral and Helen Man to its UK FCA-regulated operation based in London as the firm further expands its global business on account of increasing demand for its digital prime brokerage services.

    <