💰People increasingly want their pay in Bitcoin and stablecoins as economic instability affects fiat currencies.
, but also by ordinary people who want to hedge against all kinds of instability, according to goLance co-founder and CEO Michael Brooks.
The economic conditions in various parts of the world have also influenced the surge in crypto payments, he said, adding: In 2021, goLance made less than 5% of its payouts in crypto, which grew to almost 10% in 2022 and is expected to hit 17% in 2023, Brooks said. “Of the goLance freelancers that choose to be paid in crypto, an average of 17.5% of payments is in crypto and 82.5% in fiat,” the exec noted.
“We see that countries facing more political and currency turbulence continue to use crypto, particularly withdrawals in USDC to combat volatility.”
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