Episode 68 | Hugo Finkelstein from Rise on Crypto Payments for a Globally Distributed Workforce

The Accountant Quits Podcast

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)

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Follow Hugo Finkelstein:

LinkedIN: https://www.linkedin.com/in/hugo-finkelstein/

Twitter: https://x.com/hugfink

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