How Freelancers in India Use Bitcoin to Increase Their Real Wages
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.....
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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....
Indian bitcoin exchange Unocoin is ramping up its fervent push for bitcoin adoption in India. A new partnership with San Francisco-based bitcoin payments company Bitwage will see Unocoin integrated into the payments platform, enabling India-based workers, employees and businesses to receive wages from foreign businesses faster and at better rates. “For instance, an employee receiving $1,000 USD sent to India could receive 70250.00 INR with Bitwage, far more than an estimated 64481.60 INR through Paypal or approximately 65660.00 INR via Citibank India,” claim Bitwage and Unocoin. Bitwage....
Bitwage is now operating in India offering to improve international wage distribution with cryptocurrency. Now millions of workers from India will be able to get their wages paid in bitcoin and INR. Bitwage Now Available for Indian Workers. On December 21 Bitwage announced a strategic partnership with the Indian bitcoin-based firm Unocoin. By utilizing....
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.....
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....