Vast Majority of Freelancers Prefer Income in Crypto, Stablecoins: Study
A recent survey found that 93% of global freelancers want to incorporate crypto and stablecoins into their income streams.
The study, conducted by Zero Hash in collaboration with Lightspark, polled 2,500 freelancers and contractors across the US, Brazil, Argentina, Mexico, and the UAE. It revealed widespread frustration among them over traditional payment methods.
Many freelancers, or two-thirds, reported struggling with foreign exchange issues. This makes it difficult for them to accept jobs from clients in other countries because of currency and exchange differences.
The vast majority believe getting paid in crypto would solve this problem. It would also allow them to work with clients anywhere in the world, the study said.
Read the report: “Freelancer Freedom: Enabling payments for the modern workforce
Why and how crypto and stablecoins can solve traditional payment challenges”
Visit: https://t.co/yxI1T3K1Vg
— Zero Hash (@ZeroHashX) June 11, 2024
A large portion globally favors stablecoin payouts over their local currency. This preference is even stronger in countries like Argentina and UAE, where over 80% of freelancers would choose them.
Freelancers also showed interest in using crypto or stablecoins for subscriptions. 81% said they’d prefer, or at least want the option, to pay for services like Netflix, Spotify, and ExpressVPN with crypto. This interest is even more pronounced in certain countries, with UAE (94%), Argentina (92%), Mexico (89%), and Brazil (82%) showing a particularly high demand for crypto or stablecoin subscriptions.
This demand is fueled by two main factors. One is the convenience factor – 32% of freelancers see crypto as a way to avoid currency exchange headaches. Security is another factor, as nearly a
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