Bitcoin Micropayment Service Targets Global Freelancers
A new bitcoin micropayments tool has launched to take aim at the global freelance and on-demand services market. Called Faradam (after inventor Michael Faraday), the service uses a simple timer to facilitate payment between two parties, with freelancers seeking to leverage the service only needing to provide their name, hourly work rate and bitcoin address. In turn, those looking to employ short-term services simply receive a link and connect a wallet. Created by former Quasar Ventures senior business analyst Demian Brener; engineer Esteban Ordano; and Manuel Araoz, the developer behind....
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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.....
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Freelancers are usually working with contractors from all over the globe, which makes the idea of bitcoin micropayments appealing. Not only does this reduce the transactions costs normally incurred through online payments, but it also mitigates the risk of exchange rate fluctuations. Enter Faradam, a new bitcoin micropayments tool invented by Michael Faraday, which uses a simple timer to facilitate payments between parties. Freelancers using the service only need to provide their name, hourly rate, and bitcoin wallet address while contractors receive a link that can connect to the wallet.....
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