Crimean oDesk Freelancers Unpaid Due to U.S. Sanctions; Perfect Opportunity for Bitcoin
On December 19, 2014, United States President Barack Obama signed an executive order prohibiting financial transactions between people and businesses located in the United States and Crimea a region of Ukraine. Because of the sanctions, Crimean oDesk freelancers were no longer able to receive payment for their work if they were employed by US companies. Even worse, the companies couldn’t pay them for the services they already completed due to the legal restraints. oDesk is one of the world’s largest freelance marketplaces, allowing freelancers to set their own rates and businesses to find....
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Crimea is facing a crisis due to economic sanctions since it was annexed by Russia. The market is currently in desperate need of a solution which Bitcoin can readily provide until it stabilizes. In the present day, how often do we use hard cash for transactions? Not much, since it has been gradually replaced by plastic currency. Carrying around and making transactions with cards has become safer and more convenient than hard cash. But it has all changed in the Crimean Peninsula, a landmass on the northern coast of the Black Sea. Crimea, formerly Ukrainian territory is now part of Russia....
The lives of freelancers can be improved through Bitcoin. Picture via Giorgio Montersino. The job market for online freelancers has been booming over the past few years, and it's only going to continue to grow as more people realize they can earn more money by offering their services as a freelancer over the Internet. Whether you're a graphic designer, programmer, writer, or any other type of worker who only needs a laptop to get the job done, it's rather easy to use a website such as oDesk to find work from the comfort of your own bedroom. This solution works well for someone who wants to....
Bitcoin is a very powerful tool to bring more financial freedom to people all over the world. One of the key groups of workers who could benefit from Bitcoin is freelancers. Dealing with different employers and different contracts is a big hassle, so the least a freelancer wants is to accept a uniform payment method that works all over the world. Despite best efforts by traditional finance, they are no match for Bitcoin in this regard. The Rise of Freelancers In Ukraine And Beyond. Ukraine is one of the countries in the world where freelancers are quite easy to come by. Unlike most....
More cryptocurrency solutions keep appearing on the scene for Venezuelan residents as U.S. sanctions weigh on Nicolás Maduro’s government, including heavy restrictions on the circulation of foreign exchange transactions, driving people to find on crypto a way to circumvent such hurdles and the economic crisis. Venezuelan Freelancers Find Ways to Circumvent U.S. Sanctions by Using Crypto Venezuela Workers, a Venezuelan freelancing platform, had emerged to connect local freelancers with global employers who are seeking to pursue some project or performing a specific task. But....
Financial uncertainty is the last thing freelancers want to worry about these days. With PayPal.me, money is never guaranteed to be yours, regardless of where it comes from. For freelancers, the primary objective is to receive funds on time, and in a convenient manner. Bitcoin seems to address a lot of concerns in this regard, as it is a global payment option. But in India, there is still competition from PayPal, as they launched a new P2P service recently. Competition is good, as it will benefit the consumer in the end. Moreover, this goes to show the importance of peer-to-peer payments.....