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Comment by monero-xmr

1 year ago

With USDC and local fiat-crypto exchanges available in nearly every country, it is now possible to hire a truly global workforce and pay them with a crypto-payment vendor. If some company systematically went country by country, learned the local HR laws, partnered with the most trusted exchange, and then handled all accounting and taxes, a truly global HR and payment system could be built to make onboarding and paying everyone 10x simpler.

Even better is the employees could keep most of their money in USDC and only convert to fiat when they need to pay bills. Now they have a dollar bank account and avoid local inflation.

16 comments

monero-xmr

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troupo  1 year ago

So, you want a centralised trusted (trusted by whom?) entity to go in, do all that stuff and handle it in a centralised fashion, and work with centralised trusted (by whom?) entities to provide payment to people around the world.

Definitely needs crypto. What a novel idea.

  • monero-xmr  1 year ago

    Your general attitude is exactly the know-nothing, anti-crypto sentiment I was advocating against. I really don’t want to get into a debate, the point of my business idea above was to solve a pain point around paying a global work force considering the costs of global wire transfers vs. instant USDC settlement.

    • troupo  1 year ago

      Your response is exactly the trouble with all the crypto-proponents.

      As soon as their next idea is described in proper terms, they immediately devolve into insults, "you know nothing" and other "oh you're just a blind hater".

      > the point of my business idea above was to solve a pain point around paying a global work force considering the costs of global wire transfers

      How much do you think it will cost to "systematically go country by country, learned the local HR laws, partner with the most trusted exchange, and then handle all accounting and taxes"?

      10 replies →

hef19898  1 year ago

Crypto exchanges are not work around for lical tax laws and visa requirements. It is true so, crypto solves that problem, the same way it solves embargoes and money laundering problems.