
IMF leader on digital payments for skilled trades workers
The IMF's managing director lays out four pillars for the future of digital money as it relates to artisans. The continuing transition to digital finance is likely to affect sectors across the board. Artisans, or skilled craftsmen and women, are no exception. According to Kristalina Georgieva, managing director for the International Monetary Fund, or IMF, digital money for these skilled workers hinges on a tetrad of factors.“The artisan’s digital future will rest on four cornerstones: private sector innovation, public sector involvement, regulatory and legal frameworks, and international....
Related News
According to the US Government, North Korean IT workers are flooding the freelance market. It’s illegal for US businesses to employ them, but, what if they have no idea they’re doing it? In this new remote work world we’re living in, it’s completely possible. The North Korean workers are targeting all kinds of technology-focused businesses, but of course, the CNN report on the matter focused on cryptocurrency firms. “It’s an elaborate money-making scheme that relies on front companies, contractors and deception to prey on a volatile industry that is always on the hunt for top talent.....
President Alexander Lukashenko has advised workers to stay in their home country instead of emigrating to fill low-paid farming jobs in Poland and Germany. The Belarusian leader pointed to an alternative source of income, noting there’s enough electricity in Belarus to power cryptocurrency mining. Lukashenko Calls on Belarusian Workers to Build Mining Farms, Not Work at Foreign Farms During a meeting at the state-owned enterprise JSC Belaruskali, one of the world’s largest producers of potash fertilizers, Belarusian President Alexander Lukashenko urged employees to use the....
A bill has been introduced in Argentina to allow workers to receive their salaries in cryptocurrency. He explained the idea is that workers “can strengthen their autonomy and conserve the purchasing power of their remuneration.” Argentina’s national deputy for the Mendoza province, José Luis Ramón, tweeted that he has introduced a bill allowing workers to get paid in bitcoin. He wrote, as translated by Google: I presented a bill so that independent workers … have the option of receiving their full or partial salary in cryptocurrencies. He added:....
The move comes as Ant, a global leader in digital payments, is readying to go public in what could be an offering worth up to a record $35 billion.
Starbucks announced plans to get into the NFT business, then fired a union leader the same day. Nonfungible tokens (NFTs) have seen their fair share of controversy, but now they have found their way into the midst of the battle between multi-billion dollar corporations and workers trying to unionize their workplaces in the United States.On his first day back as the CEO of Starbucks, Howard Schultz promised additional worker benefits to workers and digital innovation using NFTs. In a partner open forum, Schultz mentioned that "sometime before the end of the calendar year, we are going to be....