Crypto appeal among gig workers is rising: Bakkt report

Aug 5, 2022
Crypto appeal among gig workers is rising: Bakkt report

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Bakkt’s examine 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 variety of cryptocurrency providers together with shopping for and promoting of Bitcoin and Ethereum amongst others, has launched the findings of a brand new examine displaying virtually half of individuals working within the gig economic 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 examine dubbed “Gig Employees & Crypto Examine.” This examine occurred at a time when crypto volatility was at its peak between mid-June and early July.

Crypto attraction amongst gig staff rising

In its evaluation, and from the responses obtained concerning cryptocurrency funds within the gig business, 38% of the respondents stated they might 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% stated they might.

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

The growing attraction and the prevailing utilization of cryptocurrency amongst gig staff got here by way of clearly in our examine,” Nicolas Cabrera, Bakkt’s chief product officer of funds stated within the press launch.

Crypto has seen elevated acceptance as a wage fee mode amongst most sectors inside the gig economic 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 technology of foreign money and are drawn to the potential enhance within the worth of their pay,” Cabrera famous.

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