#68: Crypto Payments for a Globally Distributed Workforce with Hugo Finkelstein from Rise

Can crypto payments accentuate the trend for a globally distributed workforce? More and more people in emerging markets such as freelancers are using crypto to get paid, and having crypto as a payment option enables people to get employed anywhere in the world. So if you as an employer want to have the best talent globally, using crypto as a means of payment seem to work hand in hand. One company that has garnered substantial growth over the past months is Rise, which offers a platform to pay employees and contractors globally with crypto and has processed more than $150million in volume of payments to date. Some of their clients include t3rn, Bitcoin.com, Velodrome Finance, LIDO, P2P, Zen Academy to name a few. On Episode 68, I spoke with Hugo Finkelstein, the Co-Founder & CEO of Rise, on how compensation is evolving & the incentives companies are proposing to attract talent globally. Topics covered; Episode intro (0:47) Hugo’s background and story behind Rise (2:28) The current regulatory environment for crypto payments (8:42) Tax considerations (10:55) Web2 companies using stablecoins (13:10) Payroll for a globally distributed workforce (14:32) Thanks to our sponsor Web3Finance Club (16:05) Rise overview & onboarding (17:47) Using a SAFE to fund Rise account (20:36) Rise ID & keeping payroll transactions private (21:56) What does compliance mean (25:27) 1099s for contractors (27:46) Success stories at Rise (28:21) How is Rise different from its competitors - Request Finance, Coinshift, Acctual, BitPay, Parcel, Niural, Toku, & Franklin (29:48) Upcoming features for Rise (32:09) How EOR works for a South African employee (33:05) Closing thoughts (34:50) Using Rise ID to skip KYC checks (35:45) Maxim of Hugo Finkelstein (37:22) Follow The Accountant Quits: LinkedIN: linkedin.com/company/the-accountant-quits Twitter: twitter.com/accountantquits Follow Hugo Finkelstein: LinkedIN: https://www.linkedin.com/in/hugo-finkelstein/ Twitter: https://x.com/hugfink Review If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes. Website For show notes and past guests, please visit theaccountantquits.com/podcast/