More and more vendors are eager to accept payment in Bitcoin and other digital assets as the market develops for their goods and services.
Using a Bitcoin faucet, which gave you BTC every time you finished a quick task, was one of the few methods to get Bitcoin in the early days if you weren’t a miner. Many forward-thinking businesses today, especially software startups, are glad to pay employees and independent contractors in cryptocurrencies. The same is true for gamers, who have a variety of ways to accumulate satoshis (the Bitcoin equivalent of “cents” or “pennies”) and earn cryptocurrency just for streaming and interacting with their audience.
We’ll explore more closely at each of the numerous methods you might make cryptocurrency in this article. we we’ll also take a closer look at each of the several ways you might create cryptocurrency.
Whatever your profession and whether you’re seeking for a one-time job or full-time employment, there are many ways to make cryptocurrencies as a freelancer.
Freelancing websites that accept cryptocurrency include:
- Naturally, there are many businesses in the industry who are willing to pay in cryptocurrency and are looking to hire engineers, smart contract developers, public relations specialists with connections in the blockchain media, etc.
Every day, new job networks go live online. By way of illustration, Keep3r Network is “a decentralized keeper network for projects that need external devops and for external teams to find keeper jobs.” It’s a more complicated process than traditional job sites, but it gives job seekers in the cryptocurrency industry another alternative. Employers can register vacancies by submitting proposals via governance.
Using these networks instead of more reputable freelance portals like Fiverr, Upwork, and PeoplePerHour has a few advantages. You can first maintain a higher level of personal privacy. Additionally, as cryptocurrency is as near to a frictionless, borderless currency as it is possible to get, you can make money even if you don’t have a bank account.
Additionally, freelancers can avoid the increasingly unreasonable commissions linked to conventional employment boards. And here’s another annoyance: bank transfer payments frequently take a week or more to clear. After the freelance website has gotten its cut, that is.A platform like Bitwage can assist you in getting set up if you are an employer interested in paying employees or contractors in cryptocurrency. If you have a creative mind, you will quickly learn how to work gigs for cryptocurrency.
Gain cryptocurrency as a business
As previously indicated, businesses can benefit from eliminating a middleman (such as a bank) and accepting cryptocurrencies as a form of payment. Companies may access a larger user base, including the 1.7 billion people who do not have access to a bank account, in addition to quick, secure, and inexpensive transactions.
At the time of writing, there were only about 55 million users of blockchain wallets, but that figure is constantly increasing. Digital assets can now be used at 26 million merchant stores after PayPal recently confirmed acceptance for them. It’s a significant victory for the sector given that there are 346 million PayPal accounts in existence worldwide.
Another advantage for businesses accepting cryptocurrency payments is that there is no chance of chargebacks because blockchain payments are irrevocable. Risk manager LexisNexis predicted that businesses might lose up to $3.13 for every dollar in chargeback expenses in a 2019 survey.
Over 18,600 companies, including cafes, grocery stores, retailers, and travel agencies, accept cryptocurrencies directly, according to coinmap.org. Naturally, there are millions of merchants that take Visa and Mastercard, both of which have recently joined with a number of cryptocurrency platforms (Wirex, Revolut, Binance, Coinbase, etc).
Although the retailer does not receive digital assets directly (the card issuer converts to fiat immediately), the widespread usage of cryptocurrency debit cards has greatly benefited the sector by giving regular customers a seamless way to spend their tokens.
In the first 10 years of cryptocurrency, speculation may have been the main application, but there are now countless ways to boost your Bitcoin balance. A few of these include working, playing games, and selling products. Regardless of how you decide to make money, know that you’re helping to strengthen the cryptocurrency ecosystem while increasing your income.