Latest / Fintech Conversations with Fexingo: Banking, Payments, and Financial Software Companies
How Fintechs Are Using Crypto for Cross-Border Payroll
Episode 66 of Fintech Conversations with Fexingo explores a practical, business-focused use of cryptocurrency: cross-border payroll. Lucas and Luna break down how companies like Deel and Bitwage enable employers to pay remote workers in USDC or Bitcoin, avoiding the 3-5 day wait times and 2-4% fees of traditional wire transfers. They examine the mechanics: stablecoin conversion on-chain, regulatory hurdles in different jurisdictions, and tax reporting complexities. A real-world case study from a 50-person startup shows how switching to crypto payroll saved $12,000 annually and cut remittance…
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