Why Freelancers Are Turning to Blockchain for Payments Freelancing has become
a significant part of the global job market in recent years. As traditional job roles evolve,
more people are choosing freelance work to have flexible schedules and diverse income streams.
One pressing issue that freelancers face
is the hassle associated with receiving payments, however. Traditional banking methods and online payment platforms
often involve high fees and may not be accessible to freelancers in all parts of the world. That’s where cryptocurrencies
like Bitcoin and Ethereum are stepping in to offer an alternative that addresses some of these limitations.
The digital age
has made freelancing easier and more accessible. From graphic designers
in the United States to software developers in India, freelance work is no longer confined by geographic boundaries.
According
to World Bank nearly 1.57 billion people worldwide are engaged in freelance work. This isn't surprising, especially when you consider
that in the Asia Pacific alone, nearly 85% of hiring managers are choosing to outsource to freelancers.
The market for freelance platforms
has grown accordingly, now valued at around $3.39 billion globally.
