Crypto appeal among gig workers is rising: Bakkt report

Home » Crypto appeal among gig workers is rising: Bakkt report

Bakkt’s research carried out in June and July discovered that 38% of gig staff are open to being paid in crypto, and the quantity jumps to just about 50% for these prepared to obtain a part of their gig pay in crypto.

Bakkt Holdings, Inc. (NYSE: BKKT), a number one digital asset platform providing a spread of cryptocurrency providers together with shopping for and promoting of Bitcoin and Ethereum amongst others, has released the findings of a brand new research exhibiting virtually half of individuals working within the gig financial system are okay with getting a portion of their wages paid in crypto.

The US-based firm introduced this on Friday, with the findings a part of a research dubbed “Gig Employees & Crypto Research.” This research occurred at a time when crypto volatility was at its peak between mid-June and early July.

Crypto enchantment amongst gig staff rising

In its evaluation, and from the responses acquired concerning cryptocurrency funds within the gig trade, 38% of the respondents mentioned they’d settle for all their pay in crypto. Narrowing this query to whether or not they would settle for a portion of the pay in cryptocurrencies, practically 50% mentioned they’d.

20% of the gig staff concerned within the survey mentioned they’ve been paid in crypto earlier than.

The growing enchantment and the present utilization of cryptocurrency amongst gig staff got here via clearly in our research,” Nicolas Cabrera, Bakkt’s chief product officer of funds mentioned within the press launch.

Crypto has seen elevated acceptance as a wage fee mode amongst most sectors inside the gig financial system. Many of the staff within the numerous industries, together with freelancers, social influencers, and rideshare drivers, are more and more tech savvy and thus extra prepared to just accept crypto.

Whereas this group may benefit from elevated understanding of how crypto can be utilized, rideshare drivers, meals supply drivers and different gig staff cite crypto as the following era of foreign money and are drawn to the potential improve within the worth of their pay,” Cabrera famous.

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