There are two main reasons driving this adoption. First, it points to the shortcomings of “operationally crude” banking systems and economic instability.
According to its own data, 67% of the cryptocurrency withdrawals that Deel processes take place in Latin America. The service offered by Deel helps companies simplify aspects of managing an international team, including hiring and paying.
After this region, there are Europe, the Middle East and Africa (a group called EMEA which, together, accumulates 24% of withdrawals); North America, with 7%; and Asia Pacific, with 2%.
Despite demand for cryptocurrency charging in some regions, adoption of cryptocurrency charging has not yet reached the highest enterprise level, Westgarth explained. But it is a highly considered option among freelancers around the world.
Since the end of 2021, Deel offers professionals the possibility of charging for their services in bitcoin (BTC), ether (ETH), USD Coin (USDC), Dash (DASH) and Solana (SOL). Ripple (XRP) was also added later. As the company has an alliance with the American exchange Coinbase, an account on that platform is required to access this payment method.
Source: Ambito
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