The Challenge
What was the problem?
A US-headquartered professional services firm employed 45 contractors in Argentina. Payments in Argentine pesos meant contractors lost 20–35% of purchasing power within weeks of receiving payment. The firm had tried informal arrangements to pay in USD, but banking restrictions and compliance exposure created legal risk for both parties.
The Solution
How Bitwage helped
Bitwage's USDC payout rail enabled the company to pay in stablecoins compliantly, with contractors receiving USDC directly to their crypto wallets. Contractors could convert at their own pace using local P2P markets at favorable rates, or hold USDC as a USD-denominated store of value. Compliance documentation was handled by Bitwage's built-in contractor onboarding flow.
Results
Measurable outcomes
Contractor purchasing power preserved
Reduction in payment-related turnover
Compliance issues
“Before Bitwage, I was watching a third of my income evaporate by the time I converted. USDC payroll changed everything — I get paid what I earn.”
Senior Developer
Bitwage Contractor, Buenos Aires
Products Used
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