The ongoing market downturn has not discouraged professionals from taking payment in cryptoassets, as indicated by the latest report released by global payroll specialist Deel.
In the first half of 2022, crypto payments represented 5% of wages collected by cross-border professionals, up from 2% in the preceding six-month period.
“Crypto withdrawals hold steady the last six months,” the platform said.
The report states that crypto payments are particularly popular in regions with significant currency volatility, with Latin America leading the way, at 67% of the global withdrawn crypto payments between January and June 2022.
Europe, the Middle East, and Africa were ranked second, with a 24% stake, followed by North America, at 7%, and the Asia-Pacific region, with a share of 2%, according to Deel.
Professionals collect their wages in a wide range of coins, but bitcoin (BTC) dominated the crypto payments segment, with a stake of 47% in the first six months of this year, as shown by...
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