PayPal Competes With Bitcoin For Marketshare Among Indian Freelancers
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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Tech giants including Microsoft and IBM have been supporting Bitcoin startups, conferences, accelerators and developers in India. The efforts of these companies are beginning to pay off, as India has seen a gradual increase in the number of developers and freelancers in the Bitcoin ecosystem. "There is lot of interest from freelancers in India who suddenly are now getting bitcoins from U. S. -based companies, and then they scramble to understand what is bitcoin," Indian Bitcoin startup Blockonomics founder Shiva Sitamraju told Bitcoin Magazine. The increase of Indian freelancers' and....
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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....
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....
Bitcoin activity in India has been on the rise over the past few months, and a new partnership between bitcoin exchange, Unocoin, and payroll service, Bitwage, may help that growth continue. This new partnership is designed to allow freelancers or employees in India to receive a better rate on the payments they receive from outside the country. Freelancers in India have already been taking advantage of the better rates they get by telling their employers to pay them via Bitcoin rather than PayPal, and Bitwage has the potential to make the process of getting paid via Bitcoin much simpler....