#612 Paying Remote Employees in Bitcoin
7/23/2021 · 41 min · transcript via mlx
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Key topics
— Remote work has accelerated as a dominant employment model, forcing companies to rethink compensation structures for globally distributed teams across different countries and cost-of-living zones.
— Remote's platform handles global payroll by establishing legal entities in 50+ countries, ensuring employees receive compliant local employment contracts rather than functioning as contractors or freelancers.
— Compensation strategy options range from fixed global rates (increasingly unsustainable) to cost-of-living adjustments to dynamic harmonization with minimum global thresholds that balance fairness and mobility.
— Security and compliance are foundational; Remote implements KYC (Know Your Customer) verification, anti-money laundering checks, and handles legal/tax obligations across multiple jurisdictions to protect both employers and employees.
— Digital nomadism and true work freedom require solving complex problems: outdated local labor laws, multi-currency payments, health insurance portability, and the ability for employees to work from anywhere without triggering tax or employment status complications.
— Remote's long-term vision is to abstract away all legal, payroll, and compliance complexity so companies focus on hiring the best talent globally rather than managing jurisdictional bureaucracy.
Market & price signals
— None discussed.
Actionable insights
— When hiring internationally, clarify your compensation philosophy early: single global rate, cost-of-living adjustment, or dynamic harmonization with a worldwide floor—each creates vastly different cost and fairness outcomes as your team grows.
— Ensure any international employees receive compliant local employment contracts tied to a legal entity in their country, not contractor status; this unlocks access to loans, social benefits, and legitimate proof of income for financial services.
— Monitor how currency restrictions and local labor laws evolve in countries where you hire; older legislation may not anticipate digital work or multi-currency payments, forcing negotiation with local authorities or use of emerging payment infrastructure (stablecoins, Bitcoin) if legally permitted.
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