{"id":476593,"date":"2022-07-22T07:56:46","date_gmt":"2022-07-22T04:56:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/workers-in-volatile-economies-most-likely-to-take-pay-in-crypto-report\/"},"modified":"2022-07-22T07:56:46","modified_gmt":"2022-07-22T04:56:46","slug":"workers-in-volatile-economies-most-likely-to-take-pay-in-crypto-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/workers-in-volatile-economies-most-likely-to-take-pay-in-crypto-report\/","title":{"rendered":"# Workers in volatile economies most likely to take pay in crypto: Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a5026973133c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a5026973133c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/workers-in-volatile-economies-most-likely-to-take-pay-in-crypto-report\/#%E2%80%9D_Workers_in_volatile_economies_most_likely_to_take_pay_in_crypto_Report_%E2%80%9C\" >&#8221; Workers in volatile economies most likely to take pay in crypto: Report &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Workers_in_volatile_economies_most_likely_to_take_pay_in_crypto_Report_%E2%80%9C\"><\/span>&#8221; Workers in volatile economies most likely to take pay in crypto: Report &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvMTAzY2IwNjAtZjRkZS00YmJlLTliZDktMTgzNzJkMzA2ZDQ0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-28d77a7a>Residents in nations with volatile economies are more likely to receive their pay in crypto, according to global hiring platform Deel.\u00a0<\/p>\n<p>In its \u201cState of Global Hiring Report\u201d shared with Cointelegraph on July 21, the firm found that despite the 2022 bear market, crypto represented 5% of all global payments withdrawn from the platform every month, up from 2% in the second half of 2021.\u00a0<\/p>\n<p>Residents in nations with volatile economic situations and currencies were most likely to take their payments in crypto, according to the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/19498232.fs1.hubspotusercontent-na1.net\/hubfs\/19498232\/Global%20Hiring%20Report\/deel_globaldatareport_english.pdf\">report<\/a>. These included countries in\u00a0Latin America (LATAM) and Europe, the Middle East, and Africa (EMEA).<\/p>\n<p>Crypto withdrawals in the LATAM region represented 67% of the total, with EMEA countries at 24%. Those from the North American region represented just 7% of the total for crypto payments. The Asia Pacific region was even lower with just a 2% share of the whole.<\/p>\n<p>In terms of asset type, Bitcoin (BTC) remained the crypto of choice, making up 47% of the total. The second choice of digital asset for payments was Circle\u2019s USDC with 29%, followed by Ethereum (ETH) at 14%. Tether\u2019s USDT did not make the list.<\/p>\n<p>Deel sourced the data from over 100,000 cross-border worker contracts on the platform between January and July 2022. The firm helps businesses compliantly hire, onboard, and pay people in different countries. It noted that LATAM tops the list of regions hiring internationally.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>Crypto education can bring financial empowerment to Latin Americans<\/em><\/strong><\/p>\n<p>Surging inflation is a concern for many countries in the Latin American region. Venezuela, Argentina, Chile, Brazil, and Paraguay all have double-digit inflation, according to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/country-list\/inflation-rate-?continent=america\"> Trading Economics<\/a>.<\/p>\n<p>Diminishing purchasing power using their own fiat currencies is likely to have influenced the increase in crypto payments to regional workers.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/workers-in-volatile-economies-most-likely-to-take-pay-in-crypto-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Workers in volatile economies most likely to take pay in crypto: Report &#8220; Residents in nations with volatile economies are more likely to receive their pay in crypto, according to global hiring platform Deel.\u00a0 In its \u201cState of Global Hiring Report\u201d shared with Cointelegraph on July 21, the firm found that despite the 2022&#8230;<\/p>\n","protected":false},"author":1,"featured_media":476594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvMTAzY2IwNjAtZjRkZS00YmJlLTliZDktMTgzNzJkMzA2ZDQ0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[76853,74889,74355],"class_list":["post-476593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-latin-america","tag-payments","tag-adoption"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/476593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=476593"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/476593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/476594"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=476593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=476593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=476593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}