Cryptocurrencies
Crypto Crash Be Damned, Some Workers Still Choose Digital Pay
- About 5% of all remote-work payments taken in crypto this year
- Latin America accounted for two-thirds of crypto withdrawals
Bitcoin accounted for just under half of all crypto payments globally.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
Even though crypto winter has settled in, remote workers in Latin America and elsewhere still want digital currency in return for their labor.
About 5% of all payments accepted by remote workers were taken in crypto in the first six months of the year, up from 2% in the last six months of 2021, according to more than 100,000 worker contracts analyzed by Deel, which helps companies hire and pay people in more than 150 countries. More than two-thirds of the crypto withdrawals happened in Latin America.