A recent eye-opening survey reveals that a staggering 50% of U.S.-based freelancers are embracing crypto payments despite the rollercoaster nature of the market. Conducted between June and July 2022, the survey uncovered that a bold 38% of gig workers were contemplating full crypto compensation.
Intriguingly, 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 adoption of digital currencies and tokenized assets.
Moreover, the allure of crypto and blockchain technology’s advantages—such as lightning-fast payouts, ironclad security, unrestricted cash-out options, and the potential to boost the value of their holdings—proved irresistible in shaping their decision. The future of freelancing compensation is undeniably on the cusp of a transformative shift.
Why Do Freelancers Consider Using Crypto?
Many freelancers work for foreign businesses, thus, frequently receive cross-border payments. Before now, the readily available options to receive compensation were powered by traditional systems. They include bank wire transfers, online finance platforms like PayPal, and remittance services like Western Union.
Generally, these traditional systems can process small payments with relative ease, but when the transaction amount becomes substantial, documentation and rigorous verification processes are needed.
TransferWise ranks among the most efficient payment channel for freelancers because it processes bank wire transfers at minimal transaction rates. Yet, the multibillion-dollar payment platform can also be challenging to use in nations with strict money controls. For instance, TransferWise can only clear up $4,000 daily and $50,000 annually in South Korea without additional and rigorous verifications.
Furthermore, PayPal’s and Western Union’s transaction fees are often prohibitive for many freelancers. In the United States, PayPal charges 2.9% plus a $0.3 flat fee. However, for non-U.S. residents, the fee varies considerably based on location. This can reach astronomical 5-10% conversion fee rates.
On the other hand, major cryptos like Polkadot (DOT) and Tron (TRX) allow freelancers to receive payments with significantly lower fees, even with substantial transaction volumes. For example, Binance, the world’s largest centralized exchange, can send $800 million worth of these tokens above at significantly low fees. However, while it is theoretically impossible to send $800 million via PayPal, processing the transaction could cost millions.
Could Blockchain Offer Freelancers More?
Get ready for Uwerx, the innovative crypto platform set to transform the gig economy like never before! This trailblazing 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 a stunning 5% flat fee, enabling freelancers to earn in its native WERX coin. With prestigious audit approvals from InterFi Network and Solid Proof, Uwerx stands on a solid foundation, ready to soar.
Upon launch, the ERC-20 token, WERX, will be easily swappable with other ERC-20 tokens on Uniswap (UNI). Embrace the future by joining Uwerx’s ICO and grab a stake in this revolutionary project from the 300 million WERX tokens available for presale. At a tempting $0.005 per token, early adopters are poised to enjoy massive gains when Uwerx takes off and the WERX coin’s value skyrockets.
Invest with confidence, as Uwerx commits to a 25-year lock on developers’ liquidity tokens post-presale, ensuring the security of your funds. And with the Uwerx team set to renounce smart contract ownership when taxes reach zero, you can trust in 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 spending digital coins in everyday stores, restaurants, and coffee shops is becoming increasingly effortless. This shift is rapidly dissolving barriers that once hindered the widespread use of cryptocurrencies.
Now, freelancers can effortlessly cover daily expenses such as food, rent, and utilities using crypto. This exciting development is set to propel platforms like Uwerx to the forefront of the freelance space, offering unparalleled 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!
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
