Get the scoop on finance - sign up for mobile alerts
Blockchain
| On
December 4, 2018

US Freelancers Want Crypto As Platforms Power Wages in Ethereum and Bitcoin

By Daily Hodl Staff

Despite Bitcoin (BTC) losing over 73% of its value this year, the long-range outlook for BTC and cryptocurrencies is positive among a growing number of freelancers who say they prefer to be paid in digital currency over fiat.

According to a new survey on the peer-to-peer platform Humans.net, 18% expressed a clear preference in receiving payments in crypto over fiat.

ADVERTISEMENT

Another 11% expressed interest in receiving partial payments in digital currency, bringing the total number of interested participants to 29%.

Over 1,100 US freelancers were surveyed about their openness to being paid in crypto. Freelance workers include self-employed writers, tutors, designers and developers.

Four percent of users say they have already accepted payment in crypto.

ADVERTISEMENT

Humans.net is blockchain-based freelancer marketplace with over 200,000 users and 59,000 providers. It joins a range of freelance job boards where employers and workers spend and earn crypto, including Blocklancer.net and Ethlance, which allow freelancers to earn Ethereum, and Jobs4Bitcoins, a subreddit of over 20,000 subscribers connecting freelancers and employers.

Despite a growing number of platforms geared toward crypto freelancers, relevant jobs listings and searches rise and fall with the price of Bitcoin, as it did with Xbtfreelancer.com, a platform for Bitcoin freelancers that’s primarily visited by UK residents.

Source: Alexa

Site traffic peaked in January 2018 when Bitcoin hit an all-time high of nearly $20,000, and then steadily dropped as Bitcoin’s price declined.

As long as living costs are pegged to dollars and fiat currencies, crypto wages are a calculated risk. It will likely take a Bitcoin price surge to restore Bitcoin-related job searches, along with confidence in crypto wages, to peak levels.

[the_ad id="42537"] [the_ad id="42536"]
&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.