Topic: A world of opportunities for freelancers - page 5. (Read 4194 times)
Yes, one of the true goals of blockchain technology and cryptocurrencies at large is to facilitate seamless transfer of funds. This will definitely be a much easier way to pay freelancers and other workers across the border of specific nations without having to worry about currency exchange fees and the exorbitant costs. However, some people might claim that PayPal, MasterCard and outer platforms like that have been doing a good job before now but we all just have to admit that transacting with cryptocurrencies take the ease of transacting to a whole new level of being easy.
I think it would be the right thing to do. I have met some freelancers who accept payment in bitcoin and other cryptocurrencies.
There were projects for freelancers actually. They are not just used much though, crypto isn't accessible for the wider audience that freelancers who only have paypal and are working on upwork only desire USD. Projects like ethlance and bitjob would have been good also if they are allowing paypal users to use the platform.
Actually if bitcoin is used in all cases then it’s will help to increasing bitcoin price more.However, it does not seem to be used in this case freelancers.Because bitcoin has not yet been accepted in many countries.They may face any problem to sell bitcoin.But if the government of that country and the bank accepts bitcoin,Then maybe it might be possible.
I think one of the most obvious reason why they are still on doubt on btc to use in international payments is it is not fully legal in many countries the legality is one of the issues that has not been resolve over the past years when it comes to cryto currency, most companies who hires freelancers will not use btc right now but I believe once regulators decided on the legality of this digital money they will surely shift from traditional payments to digital payment systems.
The problem is not the legality. It's legal in most of the countries. The problem is that it's not clear how to calculate the taxes (for employer and employee) and it can be an extra hassle to convert fiat into BTC / BTC into fiat, since both ends of the deal have no experience and don't know what tools / exchanges / shops use for this.
But I expect that also this mean of payment will gain more ground, slowly, especially after the downtrend on the markets stops.
Quote
1. They(one of both parties) simply dislike the volatile nature of bitcoin
This is the best thing that people love on the cryptocurrency.
This way anyone can earn on their investment as the price keeps moving. and if you are good on it then you will have it successful!
This is what i like with BITCOIN! demands make it move!
I think one of the most obvious reason why they are still on doubt on btc to use in international payments is it is not fully legal in many countries the legality is one of the issues that has not been resolve over the past years when it comes to cryto currency, most companies who hires freelancers will not use btc right now but I believe once regulators decided on the legality of this digital money they will surely shift from traditional payments to digital payment systems.
Volatility is the top reason why this is not being exploited by freelancers and their employers.
Also, there's the issue of bitcoins legality in the different states. It is possible to own and transfer bitcoins even in countries where it is illegal, but not every business or company would want to get involved with that.
In a couple of years. And with reduction in price fluctuations, bitcoin would be more popular as a means of payments globally.
Also, there's the issue of bitcoins legality in the different states. It is possible to own and transfer bitcoins even in countries where it is illegal, but not every business or company would want to get involved with that.
In a couple of years. And with reduction in price fluctuations, bitcoin would be more popular as a means of payments globally.
The problem is legislation issues in few countries and still we derive the value of BTC from fiat so I guess developer like to take fiat in preference instead pf taking BTC then taking hassle to convert it into fiat.
yes, that is a great opportunity but there is a catch, in 3rd word countries . A few BD guys work for me but they cant take payment in BTC or use BTC as their government banned BTC and All crypto, and there is no available Crypto Card they they can use there - we should take steps to tackle such situations and bypass such issues so that we can help them atleast use crypto cards.
technology era 4.0 is developing very fast so it is right for bitcoin to be widely used. The world needs a common currency for all transactions and electronic payments. I think investing in this market will bring profits to investors
Many countries still don't accept btc so that freelancer face to convert it into their local currency
a "country" doesn't have to accept bitcoin for freelancers to accept it as payment. bitcoin is a decentralized peer to peer currency that should work just like that. and whenever anybody gets paid in bitcoin they can always convert it back to their local currency no matter where in the world they live in.
in fact it will be more profitable to live in a country with restrictive bitcoin related laws because in those countries price of bitcoin is going to be a lot higher. so you get paid $100 in bitcoin for example but sell it for $150 and make 50% profit just because price of it is higher in your country!
I think for some freelancer they don't have problem's when they work is payed by any currency, they just do/search a really trusted company that can pay them for the work they do. The problem's is just for a company itself, they don't need take a risk too much to use bitcoin as a system of payment of wages. The volatility might can be made as one of the reason, although I see there is advantage for some company that use bitcoin as their payment system.
For instance, they will pay 0.01 for freelancer per week and the company budget for one freelancer is $100 per week, then in the current bitcoin price the company can benefit because with $100 can get 0.02 BTC so the quota should be $100 only for one person they can give it to 2 freelancers. That is the advantage side for company, however, because the price of bitcoin is very volatile, it can rise at any time, it can overwhelm them, with $ 100 they may not be able to buy bitcoin with the amount of 0.01.
For instance, they will pay 0.01 for freelancer per week and the company budget for one freelancer is $100 per week, then in the current bitcoin price the company can benefit because with $100 can get 0.02 BTC so the quota should be $100 only for one person they can give it to 2 freelancers. That is the advantage side for company, however, because the price of bitcoin is very volatile, it can rise at any time, it can overwhelm them, with $ 100 they may not be able to buy bitcoin with the amount of 0.01.
The world of freelancers is truly wide if they will keep on driving to the freelance world wherein they have their own time and own world to kick on the living world. Bitcoin is one of the world that lots of feeelances exist and make life of them there.
Because most of the CEO or even the owners of companies don't have yet the trust to cyptocurrency that they are giving to bank as most of them are getting used with traditional payments for a long time so the relation between them are solid, jumping a payment platform to another would take a lot of time and effort.
this is one of the functions of payment with Bitcoin. Developer website freelancers, of course, must find the best method to make it easier for workers to receive payments, after they complete their assignments.
bitcoin is being used in so many places throughout the world but it can be so much more. It's obvious that there are so many freelancers in every country. Firms, companies, startups etc.. have a limitation that they can hire freelancers only from their country since they can pay them only in their native currency to avoid hassle of exchange. But if firms, companies, startups etc.. start using bitcoin as a payment method to hire freelancers then there will be so many opportunities for the freelancers since they can get work from anywhere in the world. I don't know why has this not become a huge thing until now. This could really change the life of freelancers and give a better end result/product to the company they are working for.
It's a good idea to use bitcoin as a payment method. However there's still many companies/people think that bitcoin is a scam or something that will not last long. Thus they are afraid to buy bitcoin for a payment method. bitcoin is being used in so many places throughout the world but it can be so much more. It's obvious that there are so many freelancers in every country. Firms, companies, startups etc.. have a limitation that they can hire freelancers only from their country since they can pay them only in their native currency to avoid hassle of exchange. But if firms, companies, startups etc.. start using bitcoin as a payment method to hire freelancers then there will be so many opportunities for the freelancers since they can get work from anywhere in the world. I don't know why has this not become a huge thing until now. This could really change the life of freelancers and give a better end result/product to the company they are working for.
Yes, it really is a very big opportunity. Such projects should appear soon. Worldwide freelancing is really the future.At the same time, the use of cryptocurrency is the best way to pay for freelancers.I am sure many will be convenient and profitable to receive payment for their work in cryptocurrency. Paying for Freelancers using Bitcoin is a great and effective method because it eliminates any barrier that might occur when paying via fiat currency because Bitcoin is build to provide so many benefits for users who do international transactions on line which might make benefit for both freelancers and personals who hire them to do work and it can definitely help the global jobless problem and provide more opportunities to skillful people
Bitcoin has helped Freelancers are a lot as now they can easily get paid in crytpo and they do not have to find any service like Payoneer / Paypal etc which used to deduct a lot of fee, before sending the money to Freelancers.
There is more than 500 percent growth in online merchant and freelancers adoption through cryptocurrencies which is a good sign for the industry especially freelancers they can trade easily with crypto currencies
Jump to: