Source: Cointelegraph
Original: “Step Aside, Geographic Restrictions—Cryptocurrency is Driving a Talent Revolution”

Author: Nick Denisenko, CTO and Co-founder of Brighty

You cannot resist this trend. Crypto investment and trading are on the rise. This technology easily transcends borders, making international transactions convenient. Many people choose to receive payments in cryptocurrency for this very reason. As digital currencies become more widely accepted, paying bills with cryptocurrency is also becoming increasingly common. By 2030, the number of digital nomads worldwide is expected to exceed 60 million, and the rise of cryptocurrency has significantly impacted companies' ability to attract talent in the global market.

Crypto companies are inherently multinational. They are spread across the globe and have long been accustomed to paying salaries in cryptocurrency. However, traditional economies are now also leaning towards using cryptocurrency for payments, and the reason is simple:

Cryptocurrency promises to unleash global talent. Hiring overseas employees involves numerous compliance challenges, but by using cryptocurrency, companies can acquire the talent that best fits their needs at a lower cost.

Overseas talent may even be more cost-effective and suitable than local employees. As crypto fintech crosses borders, traditional economies will follow in the footsteps of crypto companies, and geographic location will no longer be a competitive advantage in recruitment.

The True Globalization of Labor

In the past, companies tended to hire locally. While it was possible to hire some contractors from overseas, their roles were limited. Although relocation was an option, core employees typically remained local. In some ways, this was simpler—there were fewer cultural frictions and language barriers—but it was also more expensive.

Hiring and paying remote employees can be costly and may even present significant challenges. In some regions, payments may incur high fees or even lead to account freezes. Contemporary processes are not much better—regulations are often rigid and harsh. For example, employees from certain countries may find it difficult to open USD accounts.

This is where the appeal of cryptocurrency lies. You can set up a stablecoin account in minutes and easily receive your salary. For instance, Binance covers most local currencies, allowing employees to withdraw in their local currency. An increasing number of people want companies to accept cryptocurrency as salary, which is driving the growth of crypto compensation. People want to earn with it and spend it.

Crypto salary payments are on the rise and are becoming an emerging trend. Paying employees in cryptocurrency is reshaping businesses globally and will continue to do so.

Crypto Payments Enhance Global Recruitment Capability

Crypto payments are financially significant. Employers are increasingly aware that certain positions can be easily outsourced, and crypto payments simplify this process. Companies can avoid various costs associated with being established in a particular jurisdiction, leading to significant cost savings through the adoption of crypto payments.

This also affects the types of skills companies seek. When employees receive payments in cryptocurrency, their location becomes less important. The color of their passport is no longer critical; employers will focus on the abilities and skills of the candidates.

These skills have always been important, but they are now even more crucial. When employers can search for talent globally, whether someone is a true professional will determine if they can land that job. Continuous learning will become the norm, and the global workforce will continually enhance their skills.

Communication skills, in particular, will become highly sought after. This is easy to understand—remote teams from around the world may have very different communication styles. Some may be easy to compromise, while others may have absolute authority. The ability to effectively adapt to different working styles will become essential. In the coming years, the number of cross-cultural mediators and communication coaches may increase significantly.

Cryptocurrency will help recruiters more accurately pinpoint target skills while expanding the geographic range of the potential workforce: employees from Latin America and Asia will collaborate more with those in Europe and the United States.

Of course, these changes come at a cost. The labor markets in the U.S. and Europe may face severe disruptions. Employees in these regions have the highest costs due to compliance and regulatory issues. As companies find it easier to hire overseas, local recruitment will face turmoil.

Cryptocurrency Will Expand to More Professions

Currently, most tech positions can be paid in cryptocurrency. However, this technology will soon break out of the traditional IT realm, with roles such as designers, technical writers, marketing managers, scriptwriters, operations managers, and financial executives also beginning to adopt crypto payments. Another positive sign is that crypto transactions will change the creator economy and the donation industry. These fields will more broadly accept payments from around the world.

Technological Development is Inevitable

Cryptocurrency is expanding. This technology is at the forefront of international payments and investments, thanks to its convenience and speed. More importantly, this expansion resonates with the shifts in the labor market—whether in recruitment, skill requirements, or geographic location. Companies that can pay salaries in cryptocurrency can search for talent globally. Let’s remove borders from the equation and push location aside—talent is everywhere.

Author: Nick Denisenko, CTO and Co-founder of Brighty

Related: The Future of Finance is Built on Bitcoin (BTC)—Ethereum (ETH) is Just a Testnet

This article is for general informational purposes only and does not constitute legal or investment advice. The views expressed in this article are those of the author alone and do not necessarily represent the views and positions of Cointelegraph.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。