Why is Cryptocurrency the Best Payment Option for Freelancers?

Why is Cryptocurrency the Best Payment Option for Freelancers?

Having a flexible schedule, being your own boss, avoiding the horrible traffic, evading office politics, and being able to take care of your family while earning by working at the comfort of your own home, or at a beachfront in Bali, or anywhere with an internet connection, without a doubt, freelancing is the most sought-after career these days. Technological innovations made it possible to deliver high-quality services in any part of the world from any part of the world. The life of a freelancer is mostly blissful until‌ it’s time to receive your payment.

There are currently 3 most common options for freelancers to receive their payments - bank wire transfer, remittance platforms such as MoneyGram and Western Union, and online services, such as PayPal, TransferWise, Skrill,

etc. All give freelancers headaches most of the time either due to very high fees, or slow delivery of funds. PayPal, for instance, it’s fast alright, almost real-time, in fact. But it would cost the employer a fixed fee worth $4.99 plus an additional 2.9% of the transaction amount. So, if an employer is paying a freelancer $500, he would have to pay a fee for a total of $19.49. That’s not to mention that PayPal also automatically deducts a certain percentage of the amount sent from the receiving freelancer. And did I say that it also has the lowest conversion rate ever?

On the other hand, bank wire transfers may have lower fees and higher conversion rates than PayPal’s, but it would take forever to receive the money. Western union is both slow and high-cost, and I could go on forever listing down these dilemmas for freelancers. In this case, it’s time for freelancers to find a payment option that eliminates all these. A survey conducted by Human.net revealed that 1 out of 3 freelancers now prefer to receive their payments in cryptocurrencies. After all, freelancing is a digital job, so you might as well be paid in digital currencies. So, if you’re a freelancer, or know some of them, cryptocurrencies are the best payment option. Here’s why.

It’s super-fast Even if your employer is halfway across the globe from you, you will receive your payment in a matter of just 5 to 10 minutes from the time he sent it, which is almost real-time.

No hidden fees/no exchange fees Centralized exchange platforms such as the Virie Market do not have any hidden fees nor exchange fees. You will only have to pay a flat rate for the transaction fee, which in the case of Virie, is only .001 VRE, an equivalent amount of only .003 cents. In fact, it’s absolutely the lowest fee in the market today.

It’s borderless

As remote jobs are borderless since you can work from anywhere in the world, so are cryptocurrencies regardless of the amount. It’s a win-win for both the employers and the freelancers.

It’s an opportunity for an investment If you receive your payment in cryptocurrencies, you have an opportunity to start an investment. You can just hold some of them and let it grow, then sell it eventually. It’s like having the best of both worlds. You get your regular salary while your cryptocurrencies multiply through mining, and so far, the fastest way for this type of crypto investment is with Virie’s automated mining mechanism. Check its whitepaper to learn more and download its application to see for yourself how it works.