Almost 30 Percent Of Freelancers Want Payment In Crypto, Despite The Bearish Crypto Market
Most people are wary of crypto market; not freelancers. If anything, freelancers want to be paid part of their salaries in cryptos. A new survey carried out by Humans.net indicated that about 30 percent of all freelancers would prefer that payment option.
The study which was released last week, on the 7th of December, involved a survey carried out on about 1,100 of its members that had questions about their willingness to accept digital currencies instead of fiat.
This is coming at a period of poor performance in the crypto market, with bitcoin hitting its lowest price in 18 months.
The study which was carried out last month showed that 75 percent of all participants were superficially conversant with the subject of cryptocurrencies, with slightly over 1 in 2 participants admitting to exchanging currencies at least once.
Regarding their perception of cryptos, almost 40 percent stated that they think of cryptos as an investment or asset, while just 7 in 100 prefer them as the de facto payment option.
The most interesting part of the poll is the willingness of 29 participants out of 100 to receive their salaries –partly or in full- using cryptos.
This might indicate that freelancers want their clients and employers to pay them more in cryptos. So, while many expressed this intention, only 4 in 100 freelancers have ever been paid with cryptos.
Freelancers appear to prefer this payment method because of the very low or zero transaction costs, speed of payments, global acceptability, ease of transfer internationally, zero third parties, transparency and security.
Currently, there are over 57 million freelancers resident in the US –that’s over 30 percent of the entire working adults in the country. This shows that more people are opting for the freedom based, non-restrictive lifestyle that freelancing offers, as well as its many perks.
With cryptocurrency facing adoption issues, there’s the question about increased adoption rates among freelancers, furthering its increased acceptance in daily transactions. There are people who think so, if you use the same estimates for the US workforce on the world’s workforce.
For instance, since one third of the US workforce does sort of freelancing, an extension of those same figures to global workforce populations means that about 1.2 billion workers of the 3.6 billion are freelancers.
If just 30 percent of these people adopt crypto as a major or default payment method, we might see crypto achieving mass adoption rates across the globe as that would mean 350 million freelancers willing to get paid in cryptos.
While there are mere projections and the figures may not be exact, it does provide considerable insight into what could be possible and how crypto adoption rates can climb through the roof.
The freelancing community, with its increasing numbers can help drive and increase the acceptance rates of cryptocurrency, thanks to its cheap transaction rates and borderless nature. Of course, there will have to be a stable cryptocurrency first before this happens.