Mexicans who find remote employment abroad will be able to receive their payroll in cryptocurrencies.
The Bitso platform made an alliance with Via, a contracting company and intermediary for payroll payment, so that Mexicans who are employed abroad can receive their salary through the Bitso wallet.
People can choose three types of cryptocurrencies in which they can receive their payment: bitcoin, ethereum or USD stablecoin , as well as the percentage they want to receive in these types of crypto assets. Not all the deposit is made in crypto assets: clients through the wallet can establish what percentage is deposited in local currency.
“Our users are companies that contract equipment in Canada, Spain or Mexico and we are the payment intermediary. We founded the company in Silicon Valley and we have a presence in the United States, Canada and Latin America,” said Maite Díaz-Canedo, co-founder of Via.
For the business, paying staff in a new country solves problems like inflation and commissions by providing frictionless payment options.
The technology industry is the largest employer of nomads or remote workers, according to Via.
Díaz-Canedo highlighted that bitcoin is the favorite crypto of workers who do it from Mexico, while regions such as Argentina prefer the USD stablecoin, since they are shielded from inflation and the price replicates that of the US dollar.
“On inflation issues, people are more conservative and prefer currencies like stablecoin. Bitcoin and ethereum we see it more as an investment: the typical millennial user who wants to invest,” he said.
Workers receive their payroll in real time, so resources are withdrawn at the time the user wants.
