Red Flags to Watch Out for When Hiring Global Independent Contractors
The independent workforce is massive: in the U.S. alone, 72.7 million people now work outside traditional payroll jobs, making contractor compliance a front‑burner issue for every growth‑minded company. As many businesses and global companies expand hiring internationally, they rely on independent contractors for independent work, specialized skills, and high quality work across time zones.
How Crypto Payroll Reduces Costs and Speeds Up International Payments
By Q4 2023, the global average cost of sending $200 in remittances hovered at 6.4%, more than double the UN's SDG target of 3% for remittance costs. Digital channels trimmed that to just 4.96%, compared to 7.0% via non-digital methods. Globally, remittance flows climbed 4.6% from $865 billion in 2023 to $905 billion in 2024, underscoring migrants' vital economic role worldwide. In low- and middle-income countries, remittances reached $656 billion in 2023, surpassing both foreign direct investment and official development assistance.
Bitwage Product Update - Introducing INR Payouts!
Bitwage now supports Indian Rupee (INR) payouts for individuals and employees in India, making payroll simpler and faster.
