About 30 percent of freelancers would rather get paid in cryptocurrencies, surveys say.
Humans.net, a blockchain-backed freelancers' marketplace, surveyed over 1,000 U.S. freelancers. Eighteen percent of the respondents prefer receiving all of their payments in cryptocurrency, and 11 percent would agree to receive some of their payments in crypto, bringing the total number to 29 percent.
A similar recent survey of 1,000 British freelancers, conducted by Sage, found similar results: 31 percent of Brit freelancers would agree to receive salary payment in cryptocurrency.
Because of their price volatility, cryptocurrencies have yet to be adopted by the mainstream business world, but for freelancers they seem to work.
Freelancers do not receive routine pay checks from one employer. Rather, they are often paid in remote money wires, often from remote customers, perhaps even across borders. Cryptocurrency transactions offer instantaneous transfer with minimal fees, in comparison to legacy wiring alternatives such as Western Union or PayPal, which might charge very large commissions, especially for big or cross-border payments.
Perhaps unsurprisingly, in the U.K. survey, the most interested age group for being paid in cryptocurrencies were 25 to 34 years old. Thirty-seven percent of participants were willing to risk only one to 20 percent of their income being paid in cryptocurrency and preferred the rest paid in fiat. But interestingly, 15 percent wanted 80 to 100 percent of their income in cryptocurrency, an 'all-in' approach towards digital currencies.
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