Why isn’t it easier to get paid as a Freelancer? And why not crypto?
It’s a whole generation since 2009 when Bitcoin was invented. The speed of crypto adoption has been phenomenal, and that trend is only accelerating with the development of Web 3.0 and huge investment into the Metaverse. With thousands of coins in circulation crypto has become a regular part of the financial landscape. And for many of us, crypto is our preferred way to make digital payments, save and manage our money.
In the meantime freelancing has also been exploding as a preferred way to work. Particularly over the last two years of the pandemic, we’ve seen an amazing shift in attitudes and working patterns. Remote working has moved from being a lucky exception permitted only for a limited number of job types, through to being a perfectly regular option for a huge range of occupations and companies. The workplace has become more flexible and employment relations have also become more fluid. And of course the remote working explosion has tempted many workers (and companies) to consider a shift towards embracing freelance employment.?
But company mindsets and administrative systems often lag very far behind a new reality where everyone isn’t on the payroll getting fixed salaries and ‘employees’ could be living in another country and also doing other work. This lag in adapting to new conditions means that freelancers have trouble ‘regularizing’ their service and getting paid - in any form. These are the kinds of obstacles that beWise.Pro was designed from scratch to overcome.?
Getting paid becomes harder and more expensive if we’re talking about cross-border work and payments needing to be made to banks not already registered with the employer. That all means extra admin to identify yourself and the involvement of multiple intermediaries, causing delays and extra transaction costs. It’s a painful, time-consuming process for everyone involved and it doesn’t get much easier even with repeat business from the same client. That’s why a crypto payment system is so much more attractive and is the payment solution that beWise recommends for all its Members.
How can crypto payment benefit freelancers and clients alike?
Blockchain technology enables crypto currency payments via a decentralized database enabling verifiable peer-to-peer transactions. Using a ‘stable coin’ pegged to major currencies, any price fluctuation risk can be eliminated, and the value of the transaction can be relied upon as it crosses borders, all with no banks involved. This increases the speed and decreases the cost, allowing the payment to go directly into the freelancer’s mobile wallet. In theory it’s clearly the much better way to manage transactions.
But still today most banks and professional service-providing companies prefer not to change and would happily continue working with legacy technology and the old standard systems. That’s where beWise is totally different, because it was created for the needs of the gig economy. It may take some initial effort to establish corporate crypto accounts and to do the paperwork allowing beWise to comply with anti-criminality financial regulations, but once set-up payments anywhere are quick, easy, trackable, legal and secure. They also come without unexpected costs and deductions.
So now companies can pay freelancers based anywhere in the world instantly in crypto, with no banking fees. And freelance workers can get paid into their preferred mobile wallets, wherever they are in the world that moment, with the security of having their money directly accessible in stable coins and ready to spend, invest, or convert as they wish.?
Conclusion
Getting paid directly in stable crypto currencies means: