USDC Payments: Remote Brings Seamless Crypto Payments to Global Workforce
USDC Payments– Getting paid in cryptocurrency may seem like a risk, but for international contractors, it could be a game-changer. Remote, a platform that allows companies to hire and manage contractors globally, has announced the introduction of crypto payouts, offering a faster and more efficient way to handle payments.
USDC Payouts for Contractors in 69 Countries
Starting this Tuesday, companies based in the United States will be able to pay contractors in stablecoins, specifically USDC, across 69 countries. Remote is collaborating with Stripe to bring this feature to life, providing a seamless payment solution for businesses and contractors alike.
For now, Remote supports only USDC, a widely used cryptocurrency stablecoin managed by Circle. The key benefit of using USDC is that its value is pegged to the US dollar, ensuring that contractors won’t be exposed to the volatility typically associated with cryptocurrencies. “One USDC is worth one USD,” meaning contractors can avoid the price fluctuations seen in other cryptocurrencies like Bitcoin or Ethereum.
The Benefits of USDC for Global Contractors
For international contractors, getting paid in USDC offers several advantages. Firstly, payments are fast and bypass the typical delays and complications often encountered with traditional international money transfers. Since crypto payouts are processed on the Polygon Network—a Layer-2 solution built on Ethereum—transactions are quick and cost-effective. Many crypto wallets support Polygon, making it easy for contractors to receive their payments.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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