Freelancing is driving blockchain adoption as 50% of freelancers accept cryptos as payment
A recent eye-opening survey reveals that a staggering 50% of US-based freelancers are embracing crypto payments despite the market’s roller-coaster ride. The survey was conducted between June and July 2022, and revealed that a bold 38% of gig workers considered full crypto compensation.
Interestingly, 50% expressed comfort in earning a significant portion of their income through digital coins and assets, while 20% of gig workers have already dabbled in crypto payments. These freelancers identified the limitations of conventional payment systems as a key driver behind their use of digital currencies and tokenized assets.
Moreover, the advantages of crypto and blockchain technology – such as lightning-fast payouts, iron-clad security, unlimited payout options, and the potential to increase the value of their holdings – proved irresistible in shaping their decision. The future of freelance compensation is undeniably on the brink of a transformative shift.
Why Are Freelancers Considering Crypto?
Many freelancers work for foreign companies, and therefore often receive payments across national borders. Until now, the readily available options for receiving compensation were driven by traditional systems. They include bank transfers, online financial platforms such as PayPal and payment services such as Western Union.
Usually, these traditional systems can process small payments relatively easily, but when the transaction amount becomes significant, documentation and strict verification processes are required.
TransferWise ranks among the most efficient payment channels for freelancers because it processes wire transfers at minimal transaction rates. Nevertheless, the multi-billion dollar payment platform can also be challenging to use in countries with strict money controls. For example, TransferWise can only clear $4,000 daily and $50,000 annually in South Korea without additional and strict verifications.
Furthermore, PayPal’s and Western Union’s transaction fees are often prohibitive for many freelancers. In the US, PayPal charges 2.9% plus a flat fee of $0.3. However, for non-US residents, the fee varies considerably based on location. This can reach astronomical 5-10% conversion fee rates.
On the other hand, major cryptos such as Polkadot (DOT) and Tron (TRX) allow freelancers to receive payments with significantly lower fees, even with significant transaction volumes. For example, Binance, the world’s largest centralized exchange, can send $800 million worth of these tokens above at significantly low fees. While sending $800 million via PayPal is theoretically impossible, processing the transaction could cost millions.
Can Blockchain Offer Freelancers More?
Get ready for Uwerx, the innovative crypto platform set to transform the gig economy like never before! This groundbreaking project is poised to become every freelancer’s dream, offering a one-stop shop for all their needs. By merging the best features of traditional freelance platforms with the power of blockchain technology, Uwerx is set to make waves.
Leave the hefty 20% fees of Upwork and Fiverr behind, as Uwerx delivers an impressive 5% flat fee, enabling freelancers to earn in their native WERX coin. With prestigious audit approvals from InterFi Network and Solid Proof, Uwerx stands on a solid foundation, ready to fire.
At launch, the ERC-20 token, WERX, will be easily exchangeable with other ERC-20 tokens on Uniswap (UNI). Embrace the future by joining Uwerx’s ICO and take a stake in this revolutionary project from the 300 million WERX tokens available for pre-sale. At a tempting $0.005 per token, early adopters are poised to enjoy massive gains as Uwerx takes off and WERX coin’s value skyrockets.
Invest with confidence, as Uwerx commits to a 25-year lock on developer liquidity tokens after pre-sale, ensuring the safety of your funds. And with the Uwerx team set to waive smart contract ownership when taxes reach zero, you can rely on a transparent and secure platform. Don’t miss your chance to be part of the Uwerx revolution and redefine the future of freelancing!
So why not crypto?
The dawn of a new era in crypto adoption has arrived, as it becomes increasingly easy to use digital coins in everyday shops, restaurants and coffee shops. This shift is rapidly dissolving barriers that once prevented the widespread use of cryptocurrencies.
Now freelancers can easily cover daily expenses like food, rent and utilities using crypto. This exciting development is set to propel platforms like Uwerx to the forefront of the freelance space, offering unprecedented advantages over traditional payments and currencies.
Eager to be part of the Uwerx revolution? Discover more about the Uwerx presale by following the links below and seize the opportunity to redefine your freelance experience with the power of blockchain technology!
Advance sales: invest.uwerx.network
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