The creation of Bitcoin back in 2009 has opened up endless possibilities and is taking the financial world by storm as more and more people are investing in it. The popularity of digital money is only changing the global economy, but it also affects the way clients pay freelancers for the work they have done. And, despite the current cryptocurrency bear market, a growing number of freelancers are turning to Bitcoin and other cryptocurrencies as their preferred payment methods.
A new survey conducted by Humans.net found out that, 18% of the participants prefer receiving payments in digital currencies such as BTC and ETH over fiat.
Eleven percent said they would prefer to receive partial payments in crypto, thereby bringing the total number of those who expressed interest in receiving payments in crypto to 29 percent.
More than 1100 US-based freelance workers were surveyed about their payment preferences. Those who were surveyed include writers, developers, designers and tutors. About 4% of them said they’ve already accepted payment in cryptocurrency.
The participants were randomly selected from the U.S. freelance market, and none of them disclosed any particular interest in cryptos before the study.
Intermediaries and slow payments is a big concern for most freelancers across the world. Payment made is charged huge fees. For instance, PayPal charges 3 percent fee for each amount received. That’s a significant amount of money. Therefore, to ensure they receive all their hard earned money, freelance workers are choosing to use cryptocurrency as a payment option. Cryptocurrencies also reduce fraud and are internationally recognized.
Humans.net is a blockchain-based freelance platform with over 200K users. It competes with other blockchain-based freelancer marketplaces such as Ethlance and Blocklancer.net. These platforms allow freelancers to get paid in digital currencies such as Bitcoin (BTC) and Ethereum (ETH). It’s worth noting that traffic to these sites rises and falls with the value of Bitcoin (BTC).