As it currently stands we are living in a gig economy. With the internet being accessible by almost everyone across the globe, freelancing work can be done from the comfort of their own home. The traditional ways to get paid for freelancing work is through a national currency like the rupee, dollar, or sterling. When a freelancer gets paid by a foreign employer then the employer's native currency will just get converted based on the exchange rate between the two currencies. But in recent years digital currencies has seen interest over recent years to replace this. For those who don’t know, a gig economy is like a free market. As said by TechTarget:
“A gig economy is a free market system in which temporary positions are common and organizations contract with independent workers for short-term engagements. ... The current reality is that people tend to change jobs several times throughout their working lives; the gig economy can be seen as an evolution of that trend.”
The increase of interest in cryptocurrency Bitcoin is, of course, the most popular and most valuable cryptocurrency out there. There is a lot of volatility in the market value of cryptocurrencies such as Bitcoin but this is due to no national reserve or government regulation which looks over the currency. Due to the volatility, it means that the value of Bitcoin can surge at any given moment. But this also means it can plunge at any given moment too. With this, if you were to get paid in Bitcoin it could be worth so much more in a few months or even days. Most people won’t want to buy Bitcoin with their hard earned money so this leaves you with working directly for Bitcoin compensation. Going back to the start of this article we mentioned freelancing. There are actually several jobs on the internet which will pay freelancers in Bitcoin instead of fiat currencies. This could be a great benefit since the Bitcoin you work for could increase in the future so it’s worth keeping hold of. With fiat currencies like the US dollar, or Sterling you won’t see anything of the sort since the volatility is so different. As mentioned by the Daily Waffle, as a freelancer, you could work in graphic design, web design, writing, software programming and more! So if you have a skill in any of these fields you can work and earn crypto which may increase significantly in the future. Bitcoin is slowly but surely becoming more popular and with jobs paying in Bitcoin now this is evidence of that. What are your thoughts? Let us know what you think down below!