Why are freelancers happy to get paid by Cryptocurrency for their gigs? – World is changing – TechBullion


Out of the total global workforce, 31.4% are freelancers. In exact numbers, there are over 1.1 billion freelancers worldwide who are making their livelihood by participating in the gig economy.

For freelancers, their job is all about being their own boss. Working as a freelancer brings its share of perks. It includes flexible work timing, independence of choosing work type, permanent WFH life, thick financial cushioning, and much more. Though one aspect that impact freelancer globally is ‘Challenges of Payment.’

Challenges of Payment in Freelancing and how Cryptocurrency can impact it.  

Freelancers who use mediums like Upwork, Fiverr, People Per Hour, etc., are happy with the employment exposure. However, the unjustified platform fee is bringing them to think further.

Or, while working with international clients and receiving payment through PayPal, freelancers often have to settle for unjustifiable exchange rates. The amount it deducts may seem less initially, but the numbers go high if calculated annually.

That is why freelancers across the World today are shifting to Cryptocurrency as their mode of payment.

Cryptocurrency is a virtual money which is highly difficult to fraud or counterfeit. While freelancer receives their payment through Cryptocurrency, there are no platform fees or exchange rates involved. Both clients (Employer) and Freelancer (Employee) are happy this way, considering that the amount transferred is the amount received. Even well-established companies who want to add international freelancers to their payroll can easily avoid several compliances by using Cryptocurrency as the mode of payment.

Reasons Freelancers are Switching to Cryptocurrency as payment for their gigs.

  • Payment acceptance from anywhere around the World

Except for the countries that have imposed a stringent ban on Cryptocurrency, there is no issue while sending or receiving international payments.

  • The convenience of international transactions

While making bank transfers internationally, there goes a lot of sending and receiving fees. Also, once your client has transferred the money, it can take several days for it to reach and reflect in the receivers bank account. However, with Cryptocurrency, neither the process takes days, nor does it deduct any processing fee.

Cryptocurrency is also convenient for international transaction as the process applies none of the geopolitical rules. We talked with </…….