How to work freelance, remotely, globally, earning and getting paid in dollars from Argentina
In Argentina it is increasingly common to hear “I am a freelancer”. Being a freelancer means being a worker who provides services independently to one or more clients. Most do it remotely, with a laptop from the comfort of their homes. And many of these export these services abroad.
In a society accustomed to the traditional format of the dependency relationship, with a fixed salary at the end of the month, medical coverage, bonuses and equipment expenses (computer, office expenses), this new labor trend brings with it new benefits such as an employment relationship with Greater freedom of conditions, flexible hours, no fixed office, work by objective, and if you work abroad, income in foreign currency, which for an Argentine could mean doubling or tripling income.
Since the start of the pandemic, teleworking has grown by almost 600%, according to data from the Argentine Ministry of Productive Development. And the talents that seek to be able to provide services to companies abroad are constantly increasing. Sectors such as IT, known as devs, programmers or Project Managers, are in great demand.
Service exports constitute a highly interesting source of value generation, due to the creation of jobs and foreign exchange earnings. The service industry -computer science and programming, professional services, design, etc.- exported from Argentina during 2020 a total of US$ 5,700 million per year according to official records, with its main destinations being the US and the European Union, being the second exporter complex of the country, only surpassed by the oilseed-cereal.
“A change in the global financial system is imminent. Soon, it will not matter where each person was born, access to universal currencies, through a cell phone, without bureaucratic barriers and with low shipping costs is already possible. And it’s going to reshape the economy as we know it. By force, it will contribute to a more democratic and just world. That change is being led from here: Latin America. From Defiant Wallet we have come to accompany and make this change easier”, explains Celina Nieman, CO-CEO of Defiant – non-custodial, decentralized and multi-blockchain crypto wallet.
Profit in dollars
Being a freelancer will give you the freedom to choose the job, where to do it and its conditions. Therefore, salaries or fees may vary.
According to Ramiro Raposo, Country Manager of Bitwage, “For us, Argentina is the country that grew the most in Latam in the last year with a 250% increase in new users and 350% more payment orders processed, being the 3rd country with the highest turnover in the world.
The pioneering platform for payroll payments in cryptocurrencies that allows workers, freelancers or service exporters to receive income in an easy, transparent and secure way, gives us another guideline. The average remuneration of an Argentine freelancer is around USD2,500, says Raposo.
How to charge?
We know that in Argentina, dollars are as important as they are complex. Today, the gap between the official dollar and the blue brings uncertainty about how to collect and how much to calculate what we agreed in foreign currency. Added to that is the government stocks on the purchase of foreign currency, export withholdings and the big question: the declaration of the money. What should you do with the dollars you earn from work?
All this has an answer, and today there are specialist lawyers and accountants who will be able to advise on the various collection methods that are much simpler than most imagine as the accountant Fernanda Segura, better known on the networks as @cryptocontadora or Federico Ruffino @federicoru who usually organize Twitter Spaces talking about all these issues together with other “crypto-lawyers”.
If the user is familiar with cryptocurrencies, they will be able to generate an invoice on the platform to be sent to the employer or client abroad, who will be able to transfer the funds to the bank account that Bitwage will assign to the user for that one time and that will be located in the United States, Europe or the United Kingdom, without having to open an account of your own. Then, in less than 24 hours, the company will transfer said payment directly to the wallet defined by the client (in BTC, ETH, USDC, DAI or cUSD) only charging a lower commission than any conventional bank transaction.
In case the user prefers to receive Argentine Pesos in a bank account, there is an app called Vibrant that allows receiving the funds that are invoiced through Bitwage in pesos at a rate very close to or even sometimes exceeding the blue dollar through a Valid CBU or CVU. How does it work?:
- Download the Vibrant app for android or iOS at https://vibrantapp.com/
- Copy your USD Coin Stellar (USDC) address from your Vibrant wallet.
- Register that USD Coin Stellar (USDC) address on Bitwage under “Bank Accounts & Wallets” to receive your funds to that address.
- Having received the funds, exchange those USD Coin to ARS Token within the same app, free of charge.
- Add your valid CBU or CVU to transfer the ARS Token to your traditional account and that’s it.