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Use Case

Pay Contractors in Latin America

USDC and local rail payouts to contractors across Argentina, Mexico, Brazil, Colombia, and beyond.

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Latin America is home to one of the world's largest remote contractor workforces, but also some of its most volatile currencies. Argentine peso inflation runs at 100%+ annually. Brazilian Real, Colombian Peso, and Mexican Peso each carry significant FX exposure. Companies paying LATAM contractors via SWIFT absorb 3–5% in wire fees on top of unfavorable spot rates.

Bitwage offers LATAM contractors the option to receive USDC directly — a dollar-pegged stablecoin that lands in their wallet within minutes of payroll execution. For contractors who prefer local currency, Bitwage routes through PIX (Brazil), SPEI (Mexico), and local ACH networks in Colombia and Argentina — all with FX rates locked at execution.

For Argentine contractors specifically, the ability to receive USDC before peso conversion is a concrete financial benefit. Bitwage's contractor onboarding collects wallet addresses, W-8BEN forms, and payment preferences from each contractor — you never manage this manually. Run payroll once; every LATAM contractor gets paid their way.

How Bitwage Solves This

  • Powered by the global contractor payments platform
  • FX rate locked at payment approval — zero slippage
  • OFAC screening before every payment execution
  • Full audit trail and ERP-ready export

Frequently Asked Questions

Yes. Argentine contractors can configure their Bitwage account to receive USDC stablecoin directly to a crypto wallet. This bypasses the official exchange rate and gives them a dollar-pegged store of value that lands in minutes.

PIX for Brazil (instant, 24/7), SPEI payment Mexico for Mexico, local ACH networks in Colombia, and CVU/local bank in Argentina. Bitwage automatically routes each payment through the optimal rail for that country.

No. All LATAM countries are handled in a single payroll run. You upload one CSV with contractor amounts in USD. Bitwage converts and routes to each country simultaneously, with all rates locked at execution.

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