Remote, a global HR platform and payroll provider, has teamed with the payment processing system Stripe, allowing companies to use Remote to pay their contractors in 69 countries directly in stablecoins, a form of cryptocurrency, starting with USDC on Base, the L2 blockchain from Coinbase.
Available for U.S.-based customers to start, this new capability gives companies a secure, near-instant alternative to compensate contract talent in the way that suits them best while Remote maintains compliance at home and abroad.
Contractor management is one of the fastest-growing capabilities of the Remote platform as businesses shift toward tapping global talent pools and adopting more flexible workforce models. Stablecoin payments complement Remote’s powerful automation features for onboarding, invoicing, and paying contractors in minutes around the world, making it easy to manage and pay all their talent from a single dashboard.
This new feature offers companies a flexible and efficient way to meet the needs of their contractors seeking faster payments with near-instant payouts, or an alternative to their local currencies. Available now, contractors can simply select a new withdrawal method and add their Base Network Wallet Address to receive payouts in USDC, while their employer is billed in U.S. Dollars.
“One of the biggest hurdles companies face when hiring on international talent is providing fast, flexible, and reliable payments around the world,” said Job van der Voort, CEO and co-founder of Remote. “With the introduction of stablecoin payouts via Stripe, we’re adding a feature that has been highly requested by our customers, enabling them to pay contractors how they prefer, while maintaining the compliance and simplicity Remote is known for.”
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Tags: Accounting
